Rapyd

Global fintech-as-a-service platform that aggregates 900+ local payment methods across 100+ countries through a single API for enterprises and marketplaces. Raised $1B+ total funding. Peak valuation $15B. Expanding embedded finance and wallet capabilities.

Rapyd's $15B peak valuation and local-payment-method aggregation model represent the API-driven unbundling of traditional correspondent banking.

rapyd.net Payment Infrastructure

United Kingdomprivate

At a glance

Total raised

$740M

last round series e

Headcount

501-1k

approximate · public range

Headquarters

London

United Kingdom

Founded

2016

10 years active

Status

Private

Payment Infrastructure

Latest valuation

$8.8B

Series E · 2021

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Funding history

Total raised

$740M

Rounds tracked

Latest stage

Series E

Latest valuation

$8.8B

Date	Stage	Amount	Valuation	Lead investors
Aug 3, 2021	Series E	$300M	$8.8B	Target Global
Jan 13, 2021	Series D	$300M	$2.5B	Coatue
Oct 1, 2019	Series C	$100M	—	Oak HC/FT
Feb 13, 2019	Series B	$40M	—	General Catalyst, Stripe

Founder backgrounds

Arik Shtilman

CEO and Co-Founder

Co-founded Rapyd in 2016. Previously co-founded and served as CEO of Flash Networks, a mobile internet optimization company. Earlier, co-founded Celenet Communications, which was acquired by Terayon. Began his career in software engineering after serving in an elite technology unit of the Israeli Defense Forces. Holds no formal university degree — left Ben-Gurion University's computer science program to pursue entrepreneurship. Known for an intense, hands-on operational style and a willingness to tackle the hardest infrastructure problems in cross-border payments by building rather than outsourcing.

AI bull / bear

Bull case

Rapyd’s aggregation of over 900 local payment methods across 100-plus countries through a single API is a genuine competitive moat. No competitor has stitched together that breadth of locally relevant rails — from Brazil’s Boleto to India’s UPI — into one integration. For global enterprises and marketplaces, that eliminates the brutal operational cost of managing dozens of bilateral processor relationships. The $300 million Series E at an $8.8 billion valuation provided ample dry powder to extend into embedded finance and wallet infrastructure, which opens a much larger addressable market than pure payment acceptance. If Rapyd executes, it becomes the default fintech layer for any platform that needs to issue cards, hold balances, or lend in multiple jurisdictions without building local entities. The unbundling of correspondent banking is still in early innings, and Rapyd owns the API abstraction layer.

Bear case

Rapyd’s peak valuation of $15 billion sits uncomfortably against its last priced round — a $300 million Series E in August 2021 at $8.8 billion — and the company has not raised fresh equity since. That three-plus-year funding gap, in a sector where competitors including Stripe and Checkout.com have continued accessing capital, raises questions about revenue trajectory and burn. The local payment method aggregation model, while broad, is increasingly replicable: Adyen and Stripe are steadily expanding their own local acquiring footprints, and regional specialists like dLocal and Payoneer defend their home turf aggressively. Meanwhile, Rapyd’s embedded finance pivot demands heavy balance-sheet commitments — lending, issuing, and regulatory capital across dozens of jurisdictions — creating concentration and credit risk that pure-play payment processors avoid. If growth has decelerated and the embedded finance buildout consumes cash faster than core payments generate it, a down round or structured deal becomes hard to dodge.

Generated by deepseek-v4-pro · May 2, 2026Refreshes quarterly · see disclosures

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Rapyd · last 30 days

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Leadership

Arik Shtilman

CEO and Co-Founder

Casey Bullock

Chief Revenue Officer

—

LeAnne Hoang

Global Chief Risk and Compliance Officer

—

Products

Rapyd Collect
A global payment processing solution that lets businesses accept payments in over 100 countries through a single API integration. It supports 900+ local payment methods including credit cards, digital wallets, bank transfers, and cash-based options. Rapyd Collect provides directly licensed card acquiring, multi-currency settlement, and localized checkout experiences to help merchants maximize conversion rates across international markets.
Rapyd Disburse
A global payout solution enabling businesses to send funds to recipients in more than 100 countries through a unified platform. It supports payouts via bank transfers, local payment methods, digital wallets, and cash pickup. Rapyd Disburse handles multi-currency conversion, compliance checks, and regulatory requirements so companies can scale their payout operations without building local payment infrastructure in each market.
Rapyd Issuing
A card issuing platform that allows businesses to create and manage physical and virtual payment cards for their customers, employees, or marketplace partners. It supports multi-currency card programs with customizable spending controls, real-time transaction monitoring, and program management tools. Rapyd Issuing integrates with the broader Rapyd platform to enable card programs that work alongside payment acceptance and payout capabilities.
Rapyd Embedded Fintech
A fintech-as-a-service platform that enables non-financial businesses to embed payments, wallets, card issuing, and other financial services directly into their own products and applications via APIs. Companies can offer banking-like features to their end users without obtaining their own financial licenses or building payment infrastructure from scratch. The platform handles compliance, licensing, and integrations with financial partners across multiple jurisdictions.

Open roles

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