M&A Deal Summary |
|
|---|---|
| Date | 2021-07-01 |
| Target | Valitor |
| Sector | Information Technology |
| Buyer(s) | Rapyd |
| Sellers(s) | Arion bank |
| Deal Type | Divestiture |
| Deal Value | 100M USD |
SEARCH BY
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 | 2 of 4 |
| Sector: Information Technology M&A | 1 of 2 |
| Type: Divestiture M&A Deals | 1 of 2 |
| Country: Iceland M&A | 2 of 2 |
| Year: 2021 M&A | 1 of 2 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-19 |
Korta hf
Reykjavík, Iceland Korta hf is a payment service provider, operating in the field of acquiring and payment services. The company maintains a high standard of safety while offering competitive terms. Ranked no. 106 on the Inc 5000 Europe list in 2016, Korta is a fast-growing payment provider, offering services all over Europe. The company handles the complete payment service and acquiring process for VISA and Mastercard transactions, managing technical setups and connections, authorizations, data delivery, merchant service, billing, and settlements. In addition to providing POS-services we offer innovative, simple and convenient online payment services suitable for merchants of all sizes. |
Buy | - |
| 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 | - |
| Category | Company |
|---|---|
| Founded | 2008 |
| Sector | Financial Services |
| Employees | 891 |
| Revenue | 66.6B SEK (2024) |
Arion bank operates a universal banking franchise in Iceland. Arion bank offers a wide range of different accounts. Arion Bank's funding policy is to seek stable funding at a low cost that provides the Bank with a competitive advantage to service its retail and corporate clients. Arion bank was incorporated in 2008 and is based in Reykjavík, Iceland.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Information Technology M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Iceland M&A | 1 of 1 |
| Year: 2021 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
