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All conditions met in Rapyd´s acquisition of Valitor

July 1, 2022

Following the regulatory approval given by the Icelandic Competition Authority on 23 May and the approval of the Financial Supervisory Authority of the Central Bank of Iceland today, all the conditions in the agreement between Arion Bank and Rapyd on the latter’s acquisition of Valitor, which was announced on 1 July 2021, have now been met.

Rapyd is a global Fintech company that helps merchants, gig economy platforms and technology providers around the world to create and launch fintech and commerce applications.  

The acquisition will be finalized in the coming days.