Venture capital firm Oak HC/FT Partners LLC led a $100 million funding round for U.K.-based financial technology service provider Rapyd.
Tiger Global Management LLC, Coatue Management LLC, General Catalyst Partners, Target Global, Stripe Inc. and Entrée Capital also participated in the round.
The company, which obtained $40 million in a series B round in February, will use the capital to enhance its cloud-based technology platform and to further expand its Rapyd Global Payment Network that aids businesses in growing across local and cross-border markets.
