The valuation of Rapyd, the payments platform that handles payments for Uber and Ikea has doubled to $5 billion since raising its last round in January amid a pandemic-driven boom for fintechs. The London-based company raised a $300 million Series E round to fund acquisitions and expansion into Latin America and Asia.

The deal comes just a month after Rapyd acquired Icelandic payments company Vailtor in a $100 million deal, and just seven months after announcing a $300 million fund raise in January.

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