Rapyd Ventures to propel digital commerce, payment innovation worldwide

KUALA LUMPUR, June 3 -- Rapyd, a global Fintech-as-a-Service company has launched Rapyd Ventures, a new venture arm focused on investing in early and growth stage businesses that deliver the next wave of financial services innovation.

Based on a statement, Rapyd Ventures will be led by Joel Yarbrough, MD of Rapyd Ventures and Rapyd’s VP of Asia Pacific.

The new venture arm will largely work with startups after their Seed round and through Series B funding that have unique market and customer insights and are expanding on existing market traction. In addition to capital, Rapyd Ventures will provide access to its extensive Fintech-as-a-Service capabilities and network of partners, offering startups strategic advice and giving them opportunities to move faster, expand more quickly, and accelerate their growth. The venture arm will look at two types of projects - Capability providers delivering core infrastructure in areas where the market is going; and, End-user platforms that are directly providing innovative financial services to consumers and businesses globally.

“We believe that ‘FinTech’ will be built into all types of services, and we want to help bring to life a network of innovators and a rich set of new payment, identity, open banking, and embedded finance capabilities to make it happen,” said Yarbrough.

More details at https://www.rapyd.net/

-- BERNAMA