XBO Ventures announced an investment of $25 million in the Series F financing round of the fintech platform Rapyd, totaling $500 million. This investment aims to improve access to financial solutions and strengthen the positions of both companies in the financial technology sector.
XBO Ventures Investment
XBO Ventures, the investment arm of XBO.com, has invested $25 million in the Series F financing round of Rapyd. This move allows XBO Ventures and its portfolio companies to gain priority access to the fintech company's infrastructure, enabling large-scale integration of advanced financial solutions. Other investors include Target Global, BlackRock Funds, and Fidelity Management.
Partnership with Rapyd
The strategic investment of $25 million aims to strengthen XBO Ventures' position in the fintech space. Through the partnership, XBO.com integrates services like liquidity and crypto payment processing into Rapyd's ecosystem. 'Our investment allows us to offer our clients direct and accelerated access to one of the most advanced fintech ecosystems in the world,' explained Lior Aizik, co-founder and COO of XBO.com.
Future Prospects
XBO Ventures intends to leverage this investment to accelerate access to embedded finance and payment solutions for crypto-native companies. Rapyd is also preparing to launch new developments in the Web3 space, providing capabilities for cross-border payments and embedded finance. The partnership with Rapyd is a strategically important step in building a next-generation financial platform.
XBO Ventures' investment in Rapyd opens new opportunities for integrating traditional finance with cryptocurrency, potentially significantly impacting the future of financial technologies.
