Rapyd, a “fintech-as-a-service” provider, to acquire Iceland based Valitor, which develops in-store and online payments technologies, for $100M (Omar Faridi/Crowdfund Insider)

Iceland based Valitor

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Rapyd, a multinational Fintech as a Service (FaaS) provider, has reached an agreement with Arion Banki (Arion Bank) to collect Valitor, an Icelandic billing company.

As shown in a launch shared with Crowdfund Insider, the deal length is $100 million and “challenges regulatory approval.”

Rapyd, a “fintech-as-a-service” provider, to acquire Iceland based Valitor, which develops in-store and online payments technologies, for $100M (Omar Faridi/Crowdfund Insider)
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Valitor is a long-standing bill brand as well as one of Europe’s bill leaders, offering in-store and online bill attractiveness options as well as card issuing to SMB traders in Iceland, the United Kingdom, Ireland, and throughout Europe.

The acquisition of Valitor will serve to supplement Rapyd’s great charging abilities for the duration of Europe, at the same time as enhancing its issuing portfolio.

Rapyd, a “fintech-as-a-service” provider, to acquire Iceland based Valitor, which develops in-store and online payments technologies, for $100M (Omar Faridi/Crowdfund Insider)
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After Rapyd’s latest funding round, the company is actively looking for key acquisition opportunities, “concentrating on sturdy bill groups and improving their abilities with the aid of connecting them to the Rapyd Global Payments Network,” the assertion revealed.

Customers from any quarter will be able to “streamline integration of omni-channel bills, expand into new markets, flatten FX fees, unlock sales, and increase ability that would otherwise be inaccessible” as a result of Valitor’s acquisition.

Rapyd’s great cloud-enabled technology helps with the brief and seamless integration of bills and associated Fintech offerings into any internet or cell app at the same time as simplifying the complexity of presenting home charge answers. These offerings are supplied in a compliant manner.

Rapyd, a “fintech-as-a-service” provider, to acquire Iceland based Valitor, which develops in-store and online payments technologies, for $100M (Omar Faridi/Crowdfund Insider)
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Valitor corporations and traders can “increase right into a broad set of recent use instances and offerings, rapidly enter new markets, and access a ready-made bill infrastructure that meets their needs” by leveraging Rapyd’s collect, disburse, wallet, and issue capabilities.

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