Rapyd to Acquire Valitor for Boosting European Expansion

The global Fintech service company Rapyd, which has created the world's leading global payment network, announced last week that it has entered into a definitive agreement with Arion Banki (Arion Bank) to acquire Valitor, an Icelandic payments solutions company. The deal size is $100 million and subject to regulatory approval.

According to the official press release, the acquisition will bring Rapyd’s comprehensive digital payments technology to existing Valitor’s merchants and consumers across Europe and accelerate the Fintech’s European expansion.

Valitor is a well-established payments brand and considered one of Europe’s payments leaders, providing both in-store and online payments acceptance solutions as well as card issuing to SMB merchants in Iceland, the U.K. and Ireland, and across Europe. The acquisition of Valitor will complement Rapyd’s existing payment capabilities throughout Europe, as well as enhance its issuing portfolio.

Following its recent financing round, Rapyd is actively pursuing acquisition opportunities, targeting strong payments companies and enhancing their capabilities by connecting them to the Rapyd Global Payments Network. With its strong European presence, the acquisition of Valitor will empower customers from any industry to streamline integration of omni-channel payments, expand into new markets, flatten FX fees, unlocking revenue and growth potential that would otherwise be inaccessible to them.