Rapyd

Rapyd

A financial technology company offering a mobile-first platform for payments through a single API and SDK.

Rapyd is a financial technology company offering a mobile-first platform for payments through a single API and SDK that is headquartered in San Francisco, California and was founded in 2016 by Arik Shtilman. Rapyd's online payment platform integrates payment methods such as bank transfers, e-wallets, and cash into digital applications that can be used to make cross-border and in-country payments using a single API. Their platform supports over 300 alternative payment methods, according to the companies website.

Funding

Series B

On February 13, 2019 Rapyd completed their series B funding round with $40 million in funding from Stripe (lead investor), General Catalyst (lead investor), Target Global, IGNIA, and several other strategic investors.

Series C

On October 1, 2019 Rapyd completed their series C funding round with $100 million in funding from Oak HC/FT (lead investor), Tiger Global, Coatue, General Catalyst, Target Global, Stripe and Entrée Capital. the company plans on using their series C funding to expand its payment platform, hire new employees, and make acquisitions.

Timeline

October 2019

Rapyd raises a $100,000,000 series C round from Target Global, Coatue Management, Stripe, General Catalyst, Oak HC/FT, Entree Capital and Tiger Global Management.

February 2019

Rapyd raises a $40,000,000 series B round from Stripe, IGNIA, Target Global and General Catalyst.

People

Name
Role
LinkedIn

Ana Paula Mizrahi

Employee

arik shtilman

Employee

Eric berk rosenthal

Employee

Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
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Description
Ingrid Lunden
December 3, 2019
TechCrunch
One of the biggest trends in the world of financial technology has been an ongoing push towards consolidation, where larger fish are snapping up smaller fish (including a proliferation of interesting startups) to get improved economies of scale in a business model where every transaction brings incremental returns. But today, a startup that has built [...]
Ingrid Lunden
October 1, 2019
TechCrunch
The digital payments market is forecast to balloon to $3 trillion by 2023, and today a startup that lets businesses implement not just payments, but also the many other related (and necessary) services that go along with them, by way of a single API, has raised a big round of funding to meet that demand. Rapyd, [...]

References

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