Rapyd (company)

Rapyd
Type	Private
Industry	Banking; Financial services; Investment services; Insurance services;
Founded	June 2016
Founder	Arik Shtilman
Headquarters	London, United Kingdom
Area served	Worldwide
Key people	Arik Shtilman (CEO); Arkady Karpman (Chief Technology Officer); Joel Yarbrough (Managing Director, Singapore);
Services	Financing; Insurance; Maintenance; Training;
Website	www.rapyd.net

Rapyd is a San Francisco–based 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[edit]

Rapyd recently acquired two Icelandic credit card companies and the Hong-Kong based Neat.^[3] The company's current headquarter is in London, United Kingdom.^[3]

Partnership[edit]

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

Funding[edit]

Series B[edit]

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

Series C[edit]

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

References[edit]

^ "Top 10 Fintech Companies Of 2023 – Forbes Advisor". www.forbes.com. Retrieved 2023-10-01.
^ 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.
^ ^a ^b "Rapyd | Company Overview & News". Forbes. Retrieved 2023-10-01.
^ "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.
^ 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.
^ 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.
^ Browne, Ryan (2021-01-13). "Payments start-up Rapyd doubles valuation to $2.5 billion as Covid turbocharges growth". CNBC. Retrieved 2023-10-01.

[:2-1] "Top 10 Fintech Companies Of 2023 – Forbes Advisor". www.forbes.com. Retrieved 2023-10-01.

[:7-2] 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.

[:1-3] "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.

[:6-7] Browne, Ryan (2021-01-13). "Payments start-up Rapyd doubles valuation to $2.5 billion as Covid turbocharges growth". CNBC. Retrieved 2023-10-01.

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