Financial technology firm, Rapyd, known for providing a range of financial services including payments, mobile wallets, money transfers, card issuing, fraud protection through the use of API recently, raised $300 million. The Series E funding round led by Target Global included new investors Fidelity Management and Research Company, Altimeter Capital, and BlackRock Funds. The Company anticipates handling over $20 billion in payments this year and providing services to 12,000 small and medium-sized clients and 650 larger businesses.
Source: Rapyd raises $300M on $8.75B valuation as fintech-as-a-service continues to boom
