Rapyd is a technology company.
Rapyd is a FinTech company that provides a global payment processing platform, enabling businesses to accept, send, and manage funds across various markets.
Rapyd has raised $750.0M across 5 funding rounds.
Rapyd has raised $750.0M in total across 5 funding rounds.
Rapyd is a fintech-as-a-service (FaaS) platform that provides APIs for global payments, payouts, digital wallets, card issuing, and embedded finance solutions, enabling businesses to accept, hold, and send money across 190+ countries in 120+ currencies.[1][2][5] It serves e-commerce sites, neobanks, marketplaces, payroll firms, and industries like gaming, travel, and creator economy, solving cross-border payment fragmentation by offering local methods (cards, bank transfers, e-wallets, cash) without multiple partnerships.[1][2][6] Rapyd's growth includes a $15B valuation in 2022 as Israel's top unicorn, over 600 employees in 12 global offices, and recognition as a top global fintech by CNBC in 2025, with expansion via acquisitions in Latin America, Eastern Europe, and Africa.[3][4][1]
Rapyd was co-founded by Arik Shtilman (CEO), who leads its vision for borderless payments, with backing from investors like BlackRock, Fidelity, General Catalyst, Target Global, and Spark Capital.[3][4] Initially launched as a B2C product, it faced regulatory and partnership hurdles, prompting a pivot to B2B fintech infrastructure as an alternative to SWIFT for cross-border flows.[1] This shift enabled full-stack services—collect, disburse, wallets, issuing—gaining early traction through API integrations and global licensing, evolving into a "AWS of fintech" with offices in Tel Aviv, London, San Francisco, Dubai, and more.[1][3]
Rapyd rides the embedded finance and cross-border commerce boom, where e-commerce, gig economies, and marketplaces demand instant, local payments amid $2T+ annual flows fragmented by regulations and legacy systems like SWIFT.[1][6] Timing aligns with post-pandemic globalization and fintech maturation—Rapyd's 2025 CNBC ranking underscores its leadership in payments amid rising demand for API-driven infrastructure.[3] Market tailwinds include emerging market growth (Africa, LatAm), crypto-adjacent FX needs, and ISV monetization; it influences ecosystems by enabling non-fintechs (e.g., travel, gaming) to launch financial products, fostering a "fintech everywhere" shift.[1][5][6]
Rapyd is poised to dominate FaaS as cross-border volumes surge, expanding via targeted acquisitions, enhanced business accounts, global FX, and AI-driven fraud/risk tools.[1][2] Trends like real-time payments, Web3 wallets, and regulatory harmonization (e.g., PSD3 in Europe) will accelerate its "AWS of fintech" trajectory, potentially pushing toward IPO amid $15B+ valuation history. Its bold infrastructure liberates commerce, turning payment barriers into growth engines for global builders.[3][4]
Rapyd has raised $750.0M in total across 5 funding rounds.
Rapyd's investors include 01 Ventures, Entrée Capital Ventures, General Catalyst, Northzone, Target Global, Frank Freund, Ilya Kondrashov, Michael Stephan, Sylwester Janik, Addition, IGNIA Partners, Redpoint Ventures.
Rapyd has raised $750.0M across 5 funding rounds. Most recently, it raised $300.0M Series E in August 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2021 | $300.0M Series E | 01 Ventures, Entrée Capital Ventures, General Catalyst, Northzone, Target Global, Frank Freund, Ilya Kondrashov, Michael Stephan, Sylwester Janik | |
| Jan 1, 2021 | $300.0M Series D | Addition, IGNIA Partners, Redpoint Ventures, Scale Venture Partners, Target Global, Verified Capital | |
| Sep 1, 2019 | $100.0M Series C | Addition, Redpoint Ventures, Scale Venture Partners, Verified Capital | |
| Feb 1, 2019 | $40.0M Series B | Accel, Alpha Capital Acquisition Company, Elevar Equity, FJ Labs, H.I.G. Capital, IGNIA Partners, Insight Partners, Kaszek Ventures, Khosla Ventures, Mindset Ventures, Newtopia VC, Ribbit Capital, Bradley Horowitz, Jamie Sutton, Wences Casares | |
| May 1, 2018 | $10.0M Series B | Accel, Alpha Capital Acquisition Company, Elevar Equity, FJ Labs, H.I.G. Capital, IGNIA Partners, Insight Partners, Kaszek Ventures, Khosla Ventures, Mindset Ventures, Newtopia VC, Ribbit Capital, Bradley Horowitz, Jamie Sutton, Wences Casares |