Israeli fintech firm Rapyd has acquired European fintech PayU from Prosus for approximately $610 million, following regulatory approval 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.