Offering merchants a fintech-as-aservice (FaaS) menu of products and services, including acquiring, card issuing, multi-currency business banking accounts and payouts, has been the business of Rapyd since 2016. The company supports 250,000 merchants. That client base includes merchants acquired in March 2025 in Latin America and Africa when it purchased assets of PayU GPO (Global Payment Organization). Netherlands-based Prosus sold the PayU assets. Rapyd’s purchase of PayU’s merchant business in Africa was the company’s fourth acquisition of a nonbank acquirer. Previous deals included...