Reported 3 days ago
Rapyd Financial Network is looking to raise $300 million at a valuation of $3.5 billion, significantly down from its $9 billion valuation in 2021. The company plans to use part of the funds to acquire a payment processing startup, continuing its aggressive acquisition strategy. This funding round reflects a broader trend where many startups are experiencing declines in their valuations amid a funding drought, with flat or down rounds making up a substantial portion of deals in 2024.
Source: YAHOO