Fintech SaaS Rapyd to Acquire Valitor in a $100 million deal

Jul 04, 2021 · 1 min read
Fintech SaaS Rapyd to Acquire Valitor in a $100 million deal
Share this

Icelandic company Rapyd has reached a deal to purchase Valitor, an Icelandic payments solutions company. The purchase is valued at $100 million and is “subject to regulatory approval”.

Rapyd has announced the acquisition of Valitor, one of Europe’s leading payments brands. The company will aim to complement Rapyd’s extensive payment capabilities throughout Europe, while improving its issuing portfolio. Valitor offers in-store and online payments acceptance options along with card issuing to SMB merchants across Europe.

Arik Shtilman, the Rapyd co-founder, had this to say about the acquisition:

“Businesses are looking beyond their borders to scale up and expand their customer base, and they need the right payment providers that can make it happen quickly. With the acquisition of Valitor, customers across Europe will now have access to a greater and more diverse set of payment offerings, ensuring that more companies can take advantage of any opportunity they wish to pursue.”

You may be interested in Rapyd Global Payments Network, Accepting & Disbursing Cash, a video by Rapyd.

Get new posts by email: