{"id":652761,"date":"2025-02-08T14:50:19","date_gmt":"2025-02-08T11:50:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fintech-rapyd-seeks-funding-at-3-5b-valuation-a-steep-drop-from-9b\/"},"modified":"2025-02-08T14:50:19","modified_gmt":"2025-02-08T11:50:19","slug":"fintech-rapyd-seeks-funding-at-3-5b-valuation-a-steep-drop-from-9b","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fintech-rapyd-seeks-funding-at-3-5b-valuation-a-steep-drop-from-9b\/","title":{"rendered":"#Fintech Rapyd seeks funding at $3.5B valuation, a steep drop from $9B"},"content":{"rendered":"
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Rapyd Financial Network is looking to raise $300 million in a new funding round that would value the global payments platform at $3.5 billion, a considerable decrease from its app<\/a>roximately $9 billion valuation set in 2021, according to Bloomberg<\/a>.<\/p>\n

The London-based company offers a range of financial services like payments, mobile wallets, money transfers, card issuing, and fraud protection, which are accessible to third parties via an API.<\/p>\n

Rapyd plans to use the funding to buy a payment processing startup. The 9-year-old company has been on an acquisition streak, recently adding four companies, including Iceland-based payments startup Valitor for $100 million<\/a> in 2022. \u00a0It also paid $610 million for units of the global payments platform PayU for $610 million in 2023.<\/p>\n

In 2023, Rapyd CEO and co-founder Arik Shtilman told TechCrunch that the company was \u201cin [the] final stages of closing a new financing round of $700 million.\u201d The company did not publicly report the financing round, making it unclear whether that funding was secured and, if so, at what valuation.<\/p>\n

That year, Rapyd\u2019s competitor, the payments giant Strip<\/a>e, was forced to raise capital at a $50 billion valuation, down from its peak price of $95 billion.<\/p>\n

Should Rapyd complete this raise at a lower valuation from its peak, it would have plenty of company. In addition to Stripe, many startups have raised capital at lower valuations than their previous financings, known as a down round. <\/p>\n

This is because valuations were excessively high during the VC funding frenzy of 2020 and 2021. Flat or down rounds hit a decade high, making up 27% of all deals in the first nine months of 2024, according to PitchBook data.<\/p>\n

The company\u2019s backers include Coatue, Oak HC\/FT, Target Global, and Tiger Global Management. Rapyd did not immedia<\/a>tely respond to a request for comment.<\/p>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Rapyd Financial Network is looking to raise $300 million in a new funding round that would value the global payments platform at $3.5 billion, a considerable decrease from its approximately $9 billion valuation set in 2021, according to Bloomberg. The London-based company offers a range of financial services like payments, mobile wallets, money transfers, card…<\/p>\n","protected":false},"author":1,"featured_media":652762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2021\/12\/GettyImages-1197511920.jpg?resize=1200,800","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[76556,154239,154240,74839,154241],"class_list":["post-652761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-fintech","tag-down-rounds","tag-fintech-valuations","tag-fundraising","tag-rapyd"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/652761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=652761"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/652761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/652762"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=652761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=652761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=652761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}