What's New In Investments, Funds? - HSBC Asset Management, Rapyd

Editorial Staff

5 August 2021

HSBC Asset Management
, a global fintech as a service (FaaS) company, has announced a $300 million Series E funding round led by , the investment house based in Berlin.

Joining the round are several new investors including funds managed by Fidelity Management and Research Company, Altimeter Capital, Whale Rock Capital, BlackRock Funds, and Dragoneer, along with participation from existing investors: General Catalyst, Latitude, Durable Capital Partners, Tal Capital, Avid Ventures, and Spark Capital, Rapyd said in a statement.

The financing comes after Rapyd bought Valitor, a European payments and card issuing company, for $100 million, and launched Rapyd Ventures, the company's venture arm.

The additional funds will enable Rapyd to tap demand for digital payments and cloud-based payment infrastructure.