Techcrunch: Rapyd nabs $40M a single API for payments, money transfer and more

As ever more transactions move onto digital platforms, a startup that is building a Swiss army knife of financial services — from payments to currency transfers, ID verifications and card issuing for companies to use by way of a single API — is announcing funding. Rapyd, a “fintech as a service” startup akin to AWS for financial services, according to its CEO, has raised $40 million. The company plans to use the funds to continue to add more functions to its platform, more staff to build them and to expand its customer base.

 

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