Israel’s $10 Billion Answer to Stripe Wants to Crack U.S. Market
- Rapyd in talks for acquisition in U.S. ahead of planned IPO
- Payments firm expects revenue at up to $620 million this year
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Israel’s most valuable private technology company is in talks to buy a U.S.-based business to establish a foothold in the world’s biggest economy ahead of an initial public offering.
Breaking into the U.S. is part of plans by payments startup Rapyd, last valued at $10 billion in August, to increase its attractiveness to American investors for a potential listing in two to three years, according to Chief Executive Officer Arik Shtilman.