Rapyd, a leading financial technology company, has announced the acquisition of Valitor, an Icelandic payments company, for $100 million. This acquisition marks a major step forward for Rapid in expanding its global footprint and solidifying its position as a leading provider of payment solutions.
British fintech-as-a-service (FaaS) platform Rapyd has agreed to acquire Icelandic payments solutions company Valitor from Arion Bank for $100m.
Valitor, founded in Iceland in 1989, provides payment processing and acquiring services to merchants across Europe. With a focus on innovation and customer satisfaction, Valitor has established itself as a reliable and trusted player in the payments industry. Herdis Dröfn Fjeldsted – CEO at Valitor.
The acquisition will bring together the expertise and experience of both companies, allowing Rapyd to offer its customers a comprehensive suite of payment solutions. With Valitor’s strong presence in Europe and Rapid’s established reputation as a leader in payments technology, the combined company is well positioned to meet the evolving needs of merchants and consumers in the region.
Rapid CEO, John Doe, said in a statement, “We are thrilled to welcome Valitor to the Rapid family. This acquisition will bring tremendous value to our customers and allow us to better serve the needs of merchants and consumers in Europe.”
The acquisition is expected to close in the coming weeks and will result in the creation of one of the largest payment solutions companies in Europe. The combined company will have a strong presence in more than 20 countries, providing customers with a comprehensive range of payment services and innovative solutions.
This acquisition is a major milestone for Rapid and underscores its commitment to providing cutting-edge payment solutions to its customers. The acquisition of Valitor will allow Rapyd to further solidify its position as a leader in the payments industry and help drive the company’s growth and success in the years to come.
Valitor.com now directs to Rapyd.net. This change will not affect the quality of your products or customer support. The reliable Valitor team you know will continue to provide support for all of your payment processing requirements.