Stripe: Raises $40 million

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Stripe: Raises $40 million

  • The round was led by General Catalyst and Stripe and included participation from Target Global, Ignia
  • With this investment Rapyd will seek to expand its technology platform for in-country or cross-border commerce requiring local payments
  • Provides single point of reconciliation and settlement of all funds across 65 currencies and the ability to payout in over 170 countries
  • Offers real-time foreign exchange services, and anti-money laundering (AML)/counter financing terrorism (CFT) services
  • US-based payments infrastructure firm Stripe is well-known in fintech circles
  • The investment from Tiger Global Management took Stripe’s valuation to a mighty $22.5 billion