Rapyd

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

August 3, 2021

Rapyd raised $300M in a Series E funding round led by Target Global.

August 2021

Rapyd raises a $300,000,000 series E round from Dragoneer Investment Group, Durable Capital Partners, Fidelity Ventures, General Catalyst, Latitude, Spark Capital, Tal Capital, Target Global and Whale Rock Capital Management.

July 2, 2021

Rapyd enters into a definitive agreement with Arion Banki (Arion Bank) in order to acquire Valitor

June 10, 2021

Rapyd announces the appointment of Casey Bullock as Chief Revenue Officer.

January 13, 2021

Rapyd lands $300 million in financing.

Rapyd, an Israeli fintech-as-a-service company, has announced a whopping $300 million Series D round, doubling its valuation to $2.5 billion.

January 2021

Rapyd raises a $300,000,000 series D round from Coatue Management, FJ Labs, General Catalyst, LVL1 Group, Latitude, Oak HC/FT, Spark Capital, Tal Capital, Target Global and Tiger Global Management.

January 2021

Rapyd raises a $2,500,000,000 series D round from Avid Ventures, Coatue Companies, Durable Capital Partners, FJ Labs, General Catalyst, LATITUDE, Oak HC/FT, Spark Capital Founders' Fund III, L.P., Tal Capital, Target Global and Tiger Global Ltd..

July 10, 2020

Rapyd launches all-in-one payment integrated solution in Mexico.

June 2, 2020

Rapyd announces the launch of its new single, "full-stack," payment solution in the UK.

December 3, 2019

Rapyd raises a $20,000,000 series C round from Durable Capital Partners.

Funding Rounds

Patents

Further Resources

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News

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Author

Date

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Description

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Richard Dal Porto

August 3, 2021

TechCrunch

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Rapyd Raises $300M in Series E Funding

FinSMEs

August 3, 2021

FinSMEs

Rapyd raises $300M on $8.75B valuation as fintech-as-a-service continues to boom

Ingrid Lunden

August 3, 2021

TechCrunch

Neobanks, other financial startups, and the basic concept of "finance anywhere" are seeing huge gains at the moment, and today one of the key companies building the infrastructure that powers services like these is announcing a major growth round of funding to double down on the opportunity. Rapyd -- which provides a range of financial [...]

The Briefing: Rapyd Raises $300M, Palta Lands $100M, And...

Crunchbase News

August 3, 2021

Crunchbase News

Crunchbase News' top picks of the news to stay current in the VC and startup world.

Rapyd raises $300M on $8.75B valuation as fintech-as-a-service continues to boom

Ingrid Lunden

August 3, 2021

TechCrunch