The Stripe-backed cross-border payment platform developer more than doubled its valuation to $2.5bn in the Coatue-led round.

Rapyd, a US-headquartered payment software developer backed by digital payment technology producer Stripe, secured $300m yesterday in a series D round led by investment management firm Coatue.

Spark Capital, Avid Ventures, FJ Labs, Latitude, General Catalyst, Oak FT, Tiger Global Management, Target Global, Durable Capital, Tal Capital and Entrée Capital also took part in the round, which valued the company at $2.5bn post-money, co-founder and CEO Arik Shtilman told TechCrunch.

Founded in 2016, Rapyd has built a cloud-based platform that…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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