Stripe Competitor Rapyd Weighs Valuation Cut in $300 Million Funding Deal
The high-profile startup is in talks for a funding round that would shave billions off its value.
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Rapyd Financial Network is in talks to raise $300 million from investors at a $3.5 billion valuation, according to people familiar with the matter, a dramatic decline from its value of around $9 billion in 2021.
The company, which offers a digital platform for cross-border financial transactions and competes with Stripe Inc., intends to use the funding in part to acquire a payment processing startup, said one of the people, who asked not to be identified discussing private information.