Rapyd, the international payment platform facilitating bank transfers, digital wallet services, and cash payments for businesses and consumers, has acquired PayU, a payment solutions company providing services for small and medium-sized businesses in emerging markets. Rapyd acquired PayU from technology investment giant Prosus for approximately $610 million, raising $500 million to finance the deal at a $4.5 billion valuation (down from $10 billion in 2021). The acquisition will expand Rapyd’s global footprint, enabling transactions in over 100 countries with 1,200+ payment methods, and securing financial permits in 41 countries, while boosting its workforce to 1,600 employees and annual revenues beyond $1 billion.
Rapyd Raises $500M at $4.5B Valuation to Complete $610M PayU Acquisition
