1. Home >
  2. M&A >
  3. Stake Purchase >
  4. Iceland >
  5. Rapyd Invests In Korta hf

Investment Summary

Rapyd Invests In Korta hf

On April 19, 2020, Rapyd invested in financial services company Korta hf from Kvika banki hf.

Investment Highlights
  • This is Rapyd’s 1st transaction in the Financial Services sector.
  • This is Rapyd’s 1st transaction in Iceland.

Investment Summary
Date 2020-04-19
Target Korta hf
Sector Financial Services
Investor(s) Rapyd
Sellers(s) Kvika banki hf.
Deal Type Stake Purchase

Target

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.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

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 1 of 4
Sector: Financial Services M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: Iceland M&A 1 of 2
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Valitor

Hafnarfjörður, Iceland

Valitor is a card payments company. Valitor operates internationally, offering services to partners, merchants, banks, and cardholders around the world. Valitor was founded in 1983 and is based in Hafnarfjörður, Iceland.

Buy $100M

Seller(S) 1

SELLER

Kvika banki hf.

Reykjavík, Iceland
Category Company
Founded 1999
Sector Financial Services
Employees109
DESCRIPTION

Kvika banki hf. is a specialized bank focusing on asset management and investment services. Kvika offers comprehensive solutions in asset management and private banking for private entities and investors. The bank is a broker-dealer of securities on domestic and international markets and provides all major services in the field of corporate finance, including the most common forms of financing for clients.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Iceland M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-06 GAMMA Capital Management hf.

Reykjavík, Iceland

GAMMA Capital Management hf. is an Icelandic asset management company, operating under a license from, and supervised by, the Icelandic Financial Supervisory Authority. GAMMA is authorized to operate UCITS funds and other funds for collective investment and provide investment advice in accordance with Icelandic Act on Financial Undertakings no. 161/2002.

Buy -
Mergr

Solution for

Product

Company

Legal