Rapyd bags $300M for payments tech

Rapyd bags $300M for payments tech. Payments platform Rapyd has announced that it raised $300 million.

Business/Software Platforms : Payments platform Rapyd has announced that it raised $300 million in Series D financing to fund its expansion. Coatue led the financing for the London- and Silicon Valley-based company, bringing total known funding to date to around $470 million, per Crunchbase data.

Chicago-based ThreeFlow (previously called Watchtower), a provider of software for managing employee benefits, raised $8 million in a Series A funding round led by Emergence Capital.

Financial technology platform LendingPoint raised $125 million in fresh funding from Warburg Pincus. The Kennesaw, Georgia-based company became profitable in 2019 and completed its second year with that status in 2020.

Affirm, the fintech company best known for its buy now, pay later online loans, saw share prices double in first-day trading after raising $1.2 billion in its IPO. The smash debut comes amid a bullish period for the broader installment loan space, with consumer adoption, valuations and investment all on the rise.

Fintech data company MX landed $300 million in a Series C financing led by TPG Capital. Founded in 2010, the Lehi, Utah-based company provides software used by banks and credit unions to help aggregate, analyze, and visualize financial data.

Visa and Plaid said that they are terminating a merger agreement announced a year ago. The decision follows antitrust litigation filed by the U.S. Department of Justice that alleged Visa’s planned $5.3 billion acquisition of Plaid would eliminate competition in the online debit market.

Real estate securities marketplace LEX has raised $6 million in additional seed funding from a long list of venture firms and individual investors. The New York-based company’s marketplace lets accredited and unaccredited investors obtain minority positions in commercial real estate properties.

Checkout.com, a provider of tools and services for payments, has announced the close of a $450 million Series C round. Backers include new investors Tiger Global and Greenoaks Capital, with the financing setting a valuation of $15 billion for the London-headquartered company.

[Source : Crunchbase]