Paymentech Rapyd Raises $300M In Series E Funding Round Led By Target Global

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Rapyd, a global payments platform, raised $300 million in Series E funding round led by Target Global. The round also witnessed participation from new investors Fidelity Ventures, Dragoneer, Whale Rock Capital, BlackRock and Altimeter Capital, along with existing investors Avid Ventures, Tal Capital, Spark Capital, General Catalyst, Latitude and Durable Capital Partners. The funding will be used for organic and inorganic growth opportunities.

Founded in 2016 by Arik Shtilman, Arkady Karpman and Omer Priel, Rapyd is a payments platform that inserts fintech services into any app and simplifies the complex offering of local payment methods.

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