Rapyd Raises $40 Million

Rapyd is a fintech as a service startup and announced that they had raised $40 million which was co-led by Stripe and General Catalyst; the company is based in Silicon Valley but has an R&D office in Tel Aviv; the company claims to have around 50 customers in areas like e-commerce and the gig economy; Rapyd currently offers a suite of services across funds collection, funds payouts, currency transfers, ID verification and card issuing. Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!