Rapyd (company)

San Francisco–based financial technology company

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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]

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. ^ a b "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.