Fintech Rapyd is looking for funding for an assessment of $ 3.5 billion, an abrupt drop of $ 9 billion

Rapyd Financial Network is looking to raise $ 300 million in a new financing cycle that would appreciate the global payment platform at 3.5 billion dollars, a considerable decline compared to its Evaluation of approximately $ 9 billion Located in 2021, According to Bloomberg.

The company based in London offers a range of financial services such as payments, mobile portfolios, money transfers, cards and protection against fraud, which are accessible to third parties via an API.

Rapyd plans to use funding to buy a payments treatment startup. The 9 -year -old company has made an acquisition sequence, recently adding four companies, including the payment startup based in Iceland Valitor for $ 100 million In 2022. He also paid $ 610 million for the world payment platform units Payu for $ 610 million in 2023.

In 2023, the CEO and co-founder of Rapyd Arik Shtilman said to Techcrunch that the company was ” [the] The final stages of the end of a new financing cycle of $ 700 million. The company has not publicly pointed out the financing tour, which does not know whether this funding was obtained and, in the affirmative, to what evaluation.

That year, the competitor of Rapyd, the striking giant, was forced to raise capital to an evaluation of $ 50 billion, at the bottom of its peak Price of $ 95 billion.

If Rapyd ends this increase in a lower assessment of its peak, it would have a lot of company. In addition to stripe, many startups have raised capital to lower assessments that their previous financiers, called a down.

Indeed, the evaluations were excessively high During the VC funding frenzy In 2020 and 2021. Flat or low towers reached a decade, representing 27% of all transactions in the first nine months of 2024, according to Pitchbook data.

The company donors include Coatue, OAK HC / FT, Target Global and Tiger Global Management. Rapyd did not immediately respond to a request for comments.