Rapyd
TypePrivate
Industry
FoundedJune 2016
FounderArik Shtilman
HeadquartersLondon, United Kingdom
Area served
Worldwide
Key people
  • Arik Shtilman (CEO)
  • Arkady Karpman (Chief Technology Officer)
  • Joel Yarbrough (Managing Director, Singapore)
Services
Websitewww.rapyd.net

Rapyd is a San Francisco–based Israeli financial technology company that offers a mobile-first platform for payments through a single API and SDK, founded in 2016 by Arik Shtilman. In 2023, the company was ranked among Top 10 big Fintech companies by Forbes,[1] with an expense ratio of $15 billion.[2]

History

Rapyd recently acquired two Icelandic credit card companies and the Hong-Kong based Neat.[3] The company is currently headquartered in London, United Kingdom.[3]

Partnership

In August 2023, Prosus agreed to sell part of PayU to Rapyd for $610 million.[4]

Funding

Series B

On February 13, 2019, Rapyd completed their series B funding round with $40 million.[5]

Series C

On October 1, 2019, Rapyd completed their series C funding round with $100 million.[6][7]

Acquisitions

In July 2021, Rapyd entered into a definitive agreement with Arion Banki to acquire Icelandic payments solutions company Valitor for $100 million.[8]

References

  1. ↑ "Top 10 Fintech Companies Of 2023 – Forbes Advisor". www.forbes.com. Retrieved 2023-10-01.
  2. ↑ Burroughs, Callum. "Finance software startup Rapyd just hit a $2.5 billion valuation and says it will focus on bigger acquisitions". Business Insider. Retrieved 2023-10-01.
  3. 1 2 "Rapyd | Company Overview & News". Forbes. Retrieved 2023-10-01.
  4. ↑ "Prosus agrees to sell part of PayU to Rapyd for $610 million". The Economic Times. 2023-08-01. ISSN 0013-0389. Retrieved 2023-10-01.
  5. ↑ Lunden, Ingrid (2019-02-13). "Rapyd nabs $40M led by Stripe and GC for 'fintech as a service,' a single API for payments, money transfer and more". TechCrunch. Retrieved 2023-10-01.
  6. ↑ Lunden, Ingrid (2019-10-01). "Rapyd raises $100M for its 'fintech as a service' API, now valued at nearly a $1B valuation". TechCrunch. Retrieved 2023-10-01.
  7. ↑ Browne, Ryan (2021-01-13). "Payments start-up Rapyd doubles valuation to $2.5 billion as Covid turbocharges growth". CNBC. Retrieved 2023-10-01.
  8. ↑ Ravet, Hagar (2021-07-01). "Rapyd acquiring Icelandic payments company Valitor for $100 million". CTECH - www.calcalistech.com. Retrieved 2023-11-23.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.