RapidRatings pulls in $30 mln from FTV Capital
Summary
Unlike traditional ratings providers, the FHS utilizes a robust, proprietary algorithm-based technology based on current financial data.The result is accurate, objective and forward-looking insight to enable risk, procurement and credit professionals to gain transparency, build stronger and more resilient third-party relationships, and to make business decisions with better and consistent outcomes.“RapidRatings continues to experience significant market adoption and rapid growth among existing and new enterprise clients worldwide for which we now rate public and private companies from 135 countries around the world,” said James H. Gellert, RapidRatings chairman and CEO.We have long admired FTV Capital’s track record in helping innovative enterprise tech and services businesses successfully scale and extend market leadership positions, and we’re truly excited to team with them for this next stage of RapidRatings’ evolution.”“RapidRatings’ unique approach and proprietary platform is solving a massive pain point, especially as credit, supply chain and third-party risk management requirements grow in complexity,” said Kyle Griswold, partner at FTV Capital.
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