London-based payments and fintech company Rapyd is seeking to raise $300 million at a $3.5 billion valuation, a sharp decline from its $9 billion valuation in 2021. The lower valuation is consistent with the broader fintech market correction playing out now. The company has aggressively expanded through acquisitions, including Valitor for $100 million, and parts of PayU for $610 million, and plans to use the new funding for another acquisition.
Fintech Rapyd Seeks Funding at $3.5B Valuation,a Steep Drop from $9B
