$22.5 billion Stripe is investing in a digital payments company that’s aiming to be the Amazon Web Services of the fintech world

The Mountain View, California-based company integrates different services, from bank transfers to digital wallets to ID verifications, through a single API. It also has built relationship with local payments providers to enable payments collection within a country and cross-border money transactions.

It aims to create a cloud service for payments to become the Amazon Web Services of the fintech world, serving merchants, gig economy workers and companies, other fintech firms, and even banks, said Arik Shtilman, cofounder and CEO of Rapyd. The company is aggregating payments providers to build what it called “the world’s largest local payments network.”

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