BankingBusiness

Rapyd: Acquire Iceland’s Valitor for $100 million

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
Previous article
Loco: Raises $9M in Seed Funding
Next article
Codat: Raises $40 million in Series B round
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

WealthCom Secures $65M Funding Boost for Expansion

The investment aims to enhance service offerings and accelerate growth.Highlights: WealthCom raises $65 million in Series B funding.New...
FinTech

Financial Health Tools Could Unlock $5B in SME Lending

CFIT report highlights the potential of financial hygiene tools for small businesses.Highlights: CFIT report suggests financial health tools...
FinTech

Coinbase Strengthens UK Crypto Borrowing Options for Customers

Users can now borrow against their cryptocurrency holdings in the UK.Highlights: Coinbase now allows UK customers to borrow...
FinTech

Chase UK Appoints Monzo’s Malani as CEO, Strengthening Leadership Team

Former Monzo executive will lead Chase UK's growth strategy.Highlights: Chase UK appoints Monzo veteran Malani as CEO.This move...