Contents
Introduction
Valitor, a financial technology company based in Iceland, recently announced the completion of its latest funding round, raising a total of 100 million euros. The funding was led by Faridi, a venture capital firm from the United Arab Emirates, and was also supported by a number of other investors, including Crowdfund Insider. This round of funding marks the largest ever for a financial technology company in Iceland, and will be used to further develop Valitor’s products and services.
Background
Valitor was founded in 1999, and is one of the oldest and most established financial technology companies in the world. The company provides a range of financial services to customers in Iceland, including payment processing, digital currency exchange, mobile payments, and merchant services. Valitor is also one of the largest payment processors in the country, processing over 5 million transactions per year.
The company has been a leader in the industry, launching innovative products and services such as a mobile payments platform, a merchant services platform, and a range of other products and services. Valitor is also the first financial technology company in Iceland to receive a European Union Payment Institution license, allowing it to operate across the European Economic Area (EEA).
The Funding
The latest round of funding was led by Faridi, a venture capital firm based in the United Arab Emirates. The investment was supported by a number of other venture capitalists and investors, including Crowdfund Insider. The 100 million euros raised will be used to further develop Valitor’s products and services, enabling the company to expand its reach to more customers in the region, as well as providing funds for further research and development.
Valitor’s CEO, Tryggvi Jónasson, expressed his excitement at the news, saying “We are thrilled to welcome Faridi and our other new partners to the Valitor family. Their investment is a tremendous vote of confidence in our team, our products and our vision. This funding round will allow us to continue to innovate and grow, enabling us to become one of the leading financial technology companies in Iceland and beyond.”
Valitor’s vision is to create an ecosystem where customers can access a range of financial services in a safe, secure, and efficient manner. The company’s products and services are designed to help individuals, businesses, and governmental organizations to better manage their finances. The investment from Faridi and the other investors will help the company to realize this vision, by enabling them to increase their reach and develop new products and services.
1. Background of Valitor
Valitor is an Icelandic based financial technology company founded in 1999. They provide a range of financial services including payment processing, digital currency exchange, mobile payments and merchant services to customers in Iceland. They are the largest payment processor in the country, processing over 5 million transactions annually. Valitor is also the first financial technology company in Iceland to receive a European Union Payment Institution license, allowing them to operate across the EEA.
2. The Valitor Funding Round
The latest round of funding was led by Faridi, a venture capital firm based in the United Arab Emirates. The funding was supported by a number of other venture capitalists and investors, including Crowdfund Insider. The 100 million euros raised will be used to further develop Valitor’s products and services, enabling the company to expand its reach to more customers in the region, as well as providing funds for further research and development.
3. Valitor’s Vision
Valitor’s vision is to create an ecosystem where customers can access a range of financial services in a safe, secure, and efficient manner. The company’s products and services are designed to help individuals, businesses, and governmental organizations to better manage their finances. The investment from Faridi and the other investors will help the company to realize this vision, by enabling them to increase their reach and develop new products and services.
4. Benefits of the Investment
The benefits from the Faridi and other investors’ investment in Valitor are numerous. Valitor will be able to develop their products and services to reach more customers and improve their existing services. Furthermore, the funds will allow them to continue researching and developing innovative products and services to better serve their customers.
5. Conclusion
Valitor’s latest round of funding is a validation of the company’s products and services, as well as its ability to innovate and grow. This latest investment round allows Valitor to not only expand their reach, but also to develop and improve their current services. With the fund, they can continue to be a leader in the Icelandic financial industry.
Related FAQ’s:
1. What is Valitor?
Valitor is a financial technology company based in Iceland that provides a range of financial services including payment processing, digital currency exchange, mobile payments and merchant services.
2. Where is Faridi located?
Faridi is a venture capital firm based in the United Arab Emirates.
3. What will the 100 million euros raised be used for?
The money raised will be used to further develop Valitor’s products and services, enabling the company to expand its reach to more customers in the region, as well as providing funds for further research and development.
4. What is rapyd icelandbased 100mfaridi crowdfundinsider?
Rapyd is a five-year-old Icelandic-based startup that markets global fintech solutions. It WAS recently the recipient of a 100 million euro investment from Faridi and Crowdfund Insider.
5. What is Valitor’s vision?
Valitor’s vision is to create an ecosystem where customers can access a range of financial services in a safe, secure, and efficient manner. The company’s products and services are designed to help individuals, businesses, and governmental organizations to better manage their finances.
