Icelandic financial technology firm Valitor recently announced the conclusion of its most recent round of funding, which brought in a total of 100 million euros. A number of other investors, including Crowdfund Insider, joined Faridi, a venture capital company from the United Arab Emirates, in leading the investment. Valitor will use this amount of capital, the largest ever for a financial technology business in Iceland, to expand the scope of its offerings.
Background
One of the oldest and most reputable financial technology companies in the world, Valitor was created in 1999. Customers in Iceland can use a variety of financial services offered by the business, such as merchant services, mobile payments, digital currency conversion, and payment processing. One of the biggest payment processors in the nation, Valitor processes more than 5 million transactions annually.
The business has been a pioneer in the sector, introducing cutting-edge goods and services like a platform for mobile payments, a platform for merchant services, and a number of other goods and services. Moreover, Valitor is the first financial technology business in Iceland to be granted a license by the European Union as a payment institution, enabling it to conduct business throughout the European Economic Area (EEA).
The Resources
Faridi, a venture capital company based in the United Arab Emirates, took the lead in the most recent round of fundraising. Several venture capitalists and investors, notably Crowdfund Insider, supported the investment. The 100 million euros raised will be used to enhance Valitor’s goods and services further, allowing the business to serve more people in the area and funding additional research and development.
Tryggvi Jónasson, the CEO of Valitor, expressed his joy at the information by saying, “We are happy to welcome Faridi and our other new partners to the Valitor family. Their investment is a huge endorsement of our people, our offerings, and our mission. We will be able to grow and innovate thanks to this round of funding, making us one of the top financial technology firms in Iceland and worldwide.
The goal of Valitor is to provide an environment through which users may easily, securely, and quickly access a variety of financial services. The company offers goods and services that are intended to aid in improving financial management for private citizens, companies, and governmental bodies. By enabling them to expand their market reach and create new goods and services, the investment from Faridi and the other investors will aid the business in realizing this objective.
1. History of Valitor
Financial technology company Valitor was established in Iceland in 1999. They provide consumers in Iceland with a variety of financial services, such as payment processing, digital currency conversion, mobile payments, and merchant services. With more than 5 million transactions processed yearly, they are the biggest payment processor in the nation. Moreover, Valitor is the first financial technology business in Iceland to be granted a license as an EEA-wide payment institution.
2. The Financing Round for Valitor
Faridi, a venture capital company based in the United Arab Emirates, took the lead in the most recent round of fundraising. Several more venture capitalists and investors, including Crowdfund Insider, contributed to the funding. The 100 million euros raised will be used to enhance Valitor’s goods and services further, allowing the business to serve more people in the area and funding additional research and development.
3. Vision of Valitor
The goal of Valitor is to provide an environment through which users may easily, securely, and quickly access a variety of financial services. The company offers goods and services that are intended to aid in improving financial management for private citizens, companies, and governmental bodies. By enabling them to expand their market reach and create new goods and services, the investment from Faridi and the other investors will aid the business in realizing this objective.
4. Gains from the Investment
The investment in Valitor by Faridi and other investors has a number of advantages. In order to expand its consumer base and enhance its current offerings, Valitor will be able to develop its products and services. Additionally, the funding will enable them to keep conducting research and producing cutting-edge goods and services to better serve their clients.
5. Conclusion
The most recent round of funding for Valitor is evidence of the company’s ability to develop and expand, as well as the quality of its goods and services. With this most recent round of funding, Valitor is able to extend and enhance its current services in addition to broadening its market. They can maintain their position as a pioneer in the Icelandic financial sector thanks to the fund.
Relevant FAQs
1. Describe Valitor.
An Icelandic firm called Valitor specializes in financial technology and offers a variety of financial services, such as mobile payments, digital currency exchange, payment processing, and merchant services.
2. Where can I find Faridi?
A venture capital company called Faridi is situated in the United Arab Emirates.
3. What will be done with the 100 million euros raised?
The monies obtained will be utilized to enhance Valitor’s goods and services further, allowing the business to reach more people in the area and funding additional research and development.
4. What is the Rapyd 100mfaridi Crowdfund Insider?
A five-year-old firm with its headquarters in Iceland, Rapyd promotes international finance solutions. It has received a 100 million euro investment from Crowdfund Insider and Faridi.
5. What is the vision of Valitor?
The goal of Valitor is to provide an environment through which users may easily, securely, and quickly access a variety of financial services. The company offers goods and services that are intended to aid in improving financial management for private citizens, companies, and governmental bodies.
