Today, we'd like to introduce you to a company that has distinguished itself by its ability to transform the way payments are managed on a global scale. We're talking about fintech Rapyd, an innovative all-in-one payment solutions platform whose valuation has just reached an impressive $8.75 million. In this article, we'll delve into Rapyd's world, explore its activities, retrace its growth path and examine its outstanding financial performance.
The creation of the Rapyd platform
Founded in 2016 by a trio of entrepreneurs from Israel, Rapyd operates within a booming sector that efficiently manages money flows at the very heart of the digital economy.
More specifically, the company offers a complete range of payment solutions, from traditional credit cards to digital wallets and market-specific local payment methods. Its all-in-one approach enables companies to easily adapt to the payment preferences of consumers in different countries, while simplifying the complexity associated with international financial transactions.
Arik Shtilman, currently at the helm of the company as CEO, has a keen interest in gastronomy and basketball. With an innate entrepreneurial streak, Rapyd is not his first successful venture. In 2003, he laid the foundations forItnavigator, a company focused on cloud services, which he led to a multi-million dollar valuation.
Rapyd makes its mark on the financial technology market
Since its entry onto the financial technology scene, Rapyd has made an undeniable impression as a major player in the sector. With an innovative approach and a comprehensive range of financial solutions, the company has succeeded in capturing the attention of market observers. Whether in digital payments, virtual banking or compliance solutions, Rapyd has positioned itself as a catalyst for change within the financial ecosystem. Its ability to seamlessly merge user-friendliness and professionalism in its offerings has attracted keen interest from a diverse customer base, ranging from startups to well-established businesses.
Rapyd's financial performance!
Rapyd's financial achievements are as remarkable as its operational growth. The company has carried out a number of successful fund-raisings, attracting substantial investments from leading venture capital funds and institutional investors, including Blackrock, Durable Capital Partners, General Catalyst and Fidelity Investment. To date, Rapyd has raised a total of $770 million to support its innovation initiatives, and recently reached an impressive valuation of $8.75 million!
Rapyd: key information
Number of employees
A total of 1,700 employees worldwide, including in the UK, Tel Aviv, USA, Mexico, Singapore, Iceland, Hong Kong, Amsterdam and Dubai.
Sales figures
Exact data are not officially communicated.
The stock market
Total amount raised: $770 million.
Valuation: $8.75 billion.
Scalability
Rapyd acquires Payu Groupe to amplify its global expansion in fintech solutions and payments.
CEO mantra/quotes
" Enabling digital payments has become one of the most fundamental business needs across all sectors, as the last 18 months have irrevocably demonstrated. Being able to help businesses improve their ability to serve their customers and extend their reach in global markets is both an enormous responsibility and an extraordinary opportunity. We are grateful to our investors for recognizing the new needs of our ecosystem and supporting our aspirations. ", Arik Shtilman, co-founder and CEO of Rapyd, told prnewswire.com.
