{
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001122334455554433221100
001122334455554433221100

Rapyd acquires PayU for 610 million dollars raises 500 million in funding

Israeli fintech firm Rapyd has acquired European fintech PayU from Prosus for approximately $610 million, following regulatory approvals from seven authorities. To finance the deal, Rapyd raised $500 million, resulting in a valuation of around $4.5 billion, down from $10 billion in 2021. With this acquisition, Rapyd will operate in over 100 countries, offering more than 1,200 payment methods and holding financial permits in 41 nations.
Tech in Asia
United States Dollar ProSus ISR NLD
Business & Industry, News Article
07:00 14.03.2025

India's digital economy growing at double the pace of overall growth

India's digital economy is growing at twice the rate of its overall economy, according to a recent report by Prosus. This rapid expansion highlights the increasing significance of digital sectors in driving economic growth in the country. The findings underscore the potential for further investment and development in India's tech landscape.
StartupNews.fyi
Indian Rupee ProSus IND
Finance & Economy, Market Report
14:53 28.02.2025
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