News Summary

• Rapyd the fintech as a service startup that provides APIs to enable payments card issuing digital wallet and other financial services to companies like Uber and Ikea is taking a significant step forward in its growth with a big acquisition
• It is paying million to acquire a giant piece of PayU the payments group of internet giant Prosus that focuses on emerging markets
• Full financial terms of the deal are not being disclosed Arik Shtilman Rapyd s CEO and co founder told TechCrunch that his company is in the final stages of closing a new financing round of million