In a world where there is a massive need for fintech applications to scale globally, Rapyd is working to help businesses thrive in local markets around the world, allowing the possibility for such actors to invest in expansion.
Rapyd launched the service of Fintech as a a way to provide a full stack of integrated payments, commerce and financial service capabilities that can be embedded into any application. Arik Shtilman founded the B2B service in 2016 to help businesses create great local commerce experiences anywhere, enabling mobile enterprises and mobile platforms to make digital payments and withdraw money.
Currently valued at $2.5bn, Rapyd became a Unicorn in 2019 with a $20mn funding round from Durable Capital Partners. The payment network’s latest funding round acquired $300mn, Coatue as lead investor, in January 2021.
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