Rapyd
Formerly | CashDash |
|---|---|
| Fintech company | |
| ISIN | 🆔 |
| Industry | fintech, e-commerce, digital payments |
| Founded 📆 | 2016 |
| Founder 👔 | Arik Shtilman, Arkady Karpman, Omer Priel |
| Headquarters 🏙️ | London, UK |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
Rapyd is a global payments and fintech platform launched in 2016. The company specialises in digital payments and payouts and white-label financial services for E-commerce websites, mobile application developers, and other fintechs.[1][2][3]
The company is headquartered in London and has offices in the US, Israel, Netherlands and Singapore. As of January 2021[update], it is valued at $2.5 billion and has about 270 employees.[4][5][6]
History[edit]
Rapyd was founded in 2016 as a consumer-facing e-wallet called CashDash with the vision of reducing fees for international travelers withdrawing cash from ATMs abroad. The first e-wallet application was launched in 2017. In 2018, the company pivoted to service B2B customers and started developing its APIs to allow other businesses access its network in exchange for transaction fees.[7][8][9]
Founders[edit]
Rapyd was co-founded by three people: CEO Arik Shtilman, VP of R&D and CTO Arkady Karpman, and VP of SMB & Startups Omer Priel (previously VP of Corporate Development).[10][11]
Funding[edit]
Investments[edit]
Rapyd has 16 investors. The company has raised $470 million in 4 funding rounds.[12][13][14][15][16][17][18]
In February 2019, the company announced that it raised $40 million in its Series B led by General Catalyst and Stripe.[19]
In October 2019, Rapyd raised $100 million in a Series C round led by Oak HC/FT with Tiger Global, Coatue, General Catalyst, Stripe and others.[20][21]
In December 2019, $20 million were invested by Durable Capital partners.[22]
On January 13, 2021, the company raised $300 million in a Series D round led by Coatue.[23][24][25]
Partnerships and acquisitions[edit]
In October 2019, Rapyd partnered with Mastercard and obtained an issuing license.[26]
In February 2020, the company announced a partnership with Visa.[27]
In April 2020, 2020 Rapyd acquired a payment service provider KORTA.[28][29][30][31][32][33]
References[edit]
- ↑ "Rapyd Launches Venture Arm To Invest In Early-Stage Fintech Startups". NoCamels. 2021-06-03. Retrieved 2021-06-17.
- ↑ "Rapyd launches venture arm for fintech startups | Venture Capital". FinTech Magazine. Retrieved 2021-06-17.
- ↑ "Rapyd Creates Venture Arm to Invest in Early Stage Fintech Startups". Fintech Singapore. 2021-06-04. Retrieved 2021-06-17.
- ↑ "Rapyd unveils Singapore platform to help firms go cashless". Finextra Research. 2019-11-08. Retrieved 2021-05-18.
- ↑ "Mastercard launches Fintech Express in Asia Pacific". thepaypers.com. Retrieved 2021-05-18.
- ↑ "Rapyd raises $300M on a $2.5B valuation to boost its fintech-as-a-service API". TechCrunch. Retrieved 2021-05-18.
- ↑ "Israeli fintech company Rapyd raises $300 million". The Jerusalem Post | JPost.com. Retrieved 2021-05-18.
- ↑ Ravet, Hagar (2020-04-20). "Fintech Startup Rapyd Acquires Credit Card Processing Company Korta". CTECH - www.calcalistech.com. Retrieved 2021-05-18.
- ↑ Rapyd CEO Arik Shtilman at Money2020 Europe 2019, retrieved 2021-05-18
- ↑ "Interview with Arik Shtilman, CEO of Rapyd, on the underserved markets in the payments space and opportunities". thepaypers.com. Retrieved 2021-05-18.
- ↑ CTech (2020-01-13). "CTalk: Rapyd Provides More Than 50 Different Services, Says CEO". CTECH - www.calcalistech.com. Retrieved 2021-05-18.
- ↑ "Rapyd raises $300M on a $2.5B valuation to boost its fintech-as-a-service API". TechCrunch. Retrieved 2021-05-18.
- ↑ "Rapyd, which offers fintech-as-a-service via a single API, adds $20M more to its coffers at a $1.2B valuation". TechCrunch. Retrieved 2021-05-18.
- ↑ "Rapyd nabs $40M led by Stripe and GC for 'fintech as a service,' a single API for payments, money transfer and more". TechCrunch. Retrieved 2021-05-18.
- ↑ "Rapyd raises $40 million to expand its payments network worldwide". VentureBeat. 2019-02-13. Retrieved 2021-05-18.
- ↑ Loritz, Mary (2019-10-01). "London-based fintech-as-a-service provider Rapyd raises €91.6 million". EU-Startups. Retrieved 2021-05-18.
- ↑ "Rapyd adds additional USD 20 mln". thepaypers.com. Retrieved 2021-05-18.
- ↑ "London-headquartered fintech Rapyd raises £220M in a mega funding deal; doubles valuation to £2B". UKTN (UK Tech News). 2021-01-14. Retrieved 2021-05-18.
- ↑ PYMNTS (2019-02-13). "Rapyd Raises $40M For 'FinTech-As-A-Service'". www.pymnts.com. Retrieved 2021-05-18.
- ↑ "Rapyd raises $100M for its 'fintech as a service' API, now valued at nearly a $1B valuation". TechCrunch. Retrieved 2021-05-18.
- ↑ "Israeli fintech co Rapyd raises $100m". Globes. 2019-01-10. Retrieved 2021-05-18.
- ↑ "Global Fintech as a Service Provider Rapyd Has Now Raised $180 Million Following Investment from Durable Capital Partners". Crowdfund Insider. 2019-12-04. Retrieved 2021-05-18.
- ↑ Burroughs, Callum. "Finance software startup Rapyd just hit a $2.5 billion valuation and says it will focus on bigger acquisitions". Business Insider. Retrieved 2021-05-18.
- ↑ "Rapyd raises $300M on a $2.5B valuation to boost its fintech-as-a-service API". TechCrunch. Retrieved 2021-05-18.
- ↑ "Israel-born fintech company Rapyd lands $300 million in financing, doubles valuation to $2.5 billion". Tech.eu. Retrieved 2021-05-18.
- ↑ "Mastercard Launches Fintech Express in Asia Pacific". www.mastercard.com. Retrieved 2021-05-18.
- ↑ "Rapyd, Visa partner for fintech and payment services". thepaypers.com. Retrieved 2021-05-18.
- ↑ "Rapyd enters card acquiring market through Korta acquisition". Finextra Research. 2020-04-24. Retrieved 2021-05-18.
- ↑ Ravet, Hagar (2020-04-20). "Fintech Startup Rapyd Acquires Credit Card Processing Company Korta". CTECH - www.calcalistech.com. Retrieved 2021-05-18.
- ↑ "Korta is now fully acquired by Rapyd". thepaypers.com. Retrieved 2021-05-18.
- ↑ Rapyd. "Rapyd Enters Card Acquiring Market with Purchase of Korta as Global Market Conditions Accelerate Online and Omnichannel eCommerce". www.prnewswire.co.uk. Retrieved 2021-05-18.
- ↑ "Fintech startup Rapyd acquires payments card service provider Korta". SiliconANGLE. 2020-04-20. Retrieved 2021-05-18.
- ↑ Ravet, Hagar (2020-04-20). "Fintech Startup Rapyd Acquires Credit Card Processing Company Korta". CTECH - www.calcalistech.com. Retrieved 2021-05-18.
External links[edit]
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