M&A Deal Summary

Rapyd Acquires PayU GPO

On August 1, 2023, Rapyd acquired financial services company PayU GPO from Prosus for 610M USD

Acquisition Highlights
  • This is Rapyd’s 2nd transaction in the Financial Services sector.
  • This is Rapyd’s largest (disclosed) transaction.
  • This is Rapyd’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2023-08-01
Target PayU GPO
Sector Financial Services
Buyer(s) Rapyd
Sellers(s) Prosus
Deal Type Divestiture
Deal Value 610M USD

Target

PayU GPO

Amsterdam, Netherlands
PayU GPO is a financial services provider with more than 300 payment methods and PCI-certified platforms to process. The company also specializes in innovative consumer and small business products that improve access to credit and banking services in markets that are underserved by traditional financial services providers. PayU GPO is based in Amsterdam, Netherland.

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Buyer(S) 1

Buyer

Rapyd

London, United Kingdom
Category Company
Founded 2016
Sector Internet Software and Services
DESCRIPTION

Rapyd is a fintech-as-a-service designed for modern commerce and payments. The company’s global APIs deliver new capabilities to the fintech and commerce applications that power business. It powers any use case, from local funds collection to a white-label e-wallet in over 100 countries, using more than 900 payment methods and enables local cash and card-less transactions at 2 million over-the-counter and ATM locations worldwide. Rapyd was formed in 2016 and is based in London, United Kingdom.

DEAL STATS #
Overall 4 of 4
Sector (Financial Services) 2 of 2
Type (Divestiture) 2 of 2
Country (Netherlands) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 Neat

Hong Kong, China

Neat is a cross-border trade enabling platform for SMBs and startups that provide full company incorporation, business accounts, global payment collection, and disbursements, as well as credit card-based capital expansion services. Neat was formed in 2015 and is based in Hong Kong.

Buy -

Seller(S) 1

SELLER

Prosus

Amsterdam, Netherlands
Category Company
Founded 1994
Sector Internet Software and Services
Employees21,048
Revenue 5.5B USD (2024)
DESCRIPTION

Prosus is a global consumer internet group and one of the largest technology investors in the world. It is a strategic investor and an operator of fast-growing consumer internet businesses, particularly focused on online classifieds, payments and fintech, and food delivery in markets including India, Russia and Brazil. Its ventures arm pursues new growth opportunities with investments in edtech and health, among others. Prosus was founded in 1994 is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-15 GoodHabitz

Eindhoven, Netherlands

GoodHabitz is an online corporate education provider. GoodHabitz's purpose has been to create the most enjoyable, high-quality, online training and development platform that employers can find anywhere, with courses that are entertaining, inspiring, and always available for a fixed, low price. GoodHabitz was founded in 2011 and is based in Eindhoven, Netherlands.

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