Rapyd Icelandbased 100mfaridi Crowdfundinsider, an Iceland-based provider of financial services software-as-a-service and solutions, is excited to announce that it has signed an agreement to acquire Valitor for €94 million ($100 million).
Valitor is a leading European provider of in-store and online payment technologies for merchants. In addition to the purchase price, the transaction includes working capital from July 2015.
The acquisition of Valitor is a significant milestone for Rapyd Icelandbased 100mfaridi Crowdfundinsider and will provide the company with access to a new market, enabling the delivery of innovative payment solutions across Europe. Rapyd’s mission is to make payments more accessible and secure for businesses worldwide, and this acquisition will help to further that mission.
“We are thrilled to have Valitor join Rapyd Icelandbased 100mfaridi Crowdfundinsider and become part of our global network,” said CEO and founder of Rapyd, Arik Shtilman. “This acquisition will help us move closer to our goal of becoming the leading provider of financial services software-as-a-service and solutions.
Rapyd’s acquisition of Valitor is a testament to the company’s commitment to making payments more accessible and secure for businesses in Iceland and worldwide. We look forward to seeing what this new partnership will bring!
