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Israel-born fintech company Rapyd lands $300 million in financing, doubles valuation to $2.5 billion

Rapyd, an Israeli fintech-as-a-service company, has announced a whopping $300 million Series D round, doubling its valuation to $2.5 billion. New investors came on board, including Spark Capital, Avid Ventures, FJ Labs and Latitude; while previous backers joined again, such as General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital and Entrée Capital. Founded in 2016, Rapyd most recently raised about $120 million in a Series C round at the end of 2019. The company has offices in Tel Aviv, London, Amsterdam, Iceland, California and Singapore. Photo: Rapyd co-founders Arkady Karpman (VP R&D), Arik Shtilman ( CEO) and Omer Priel (VP Corporate Development)

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