Rapyd: Acquire Iceland’s Valitor for $100 million
- Rapyd has agreed a deal to acquire Icelandic payments company Valitor from Arion Bank for $100 million
- Valitor provides both in-store and online payments acceptance solutions as well as card issuing to SMB merchants in Iceland
- Iceland has long distinguished itself as a cashless nation and an innovation hub
- Plan to continue to grow and invest in Iceland, making it European Hub, and will support local merchants while increasing reach across Europe
- Provide payment solutions to any business committed to pursuing global success
- Buoyed by the pandemic-fuelled growth in cross-border digital payments
