Rapyd
 | |
| Type | Private |
|---|---|
| Industry | Financial technology |
| Founded | 2016 |
| Founders | Arik Shtilman Arkady Karpman Omer Priel |
| Website | rapyd |
Rapyd is a digital payment processing and fintech services company founded in Tel Aviv in 2016.[1][2] The company provides a platform for payments and financial services.[3] It is Israel's largest private high-tech company.[4]
History
[edit]2010s: Foundation as CashDash
[edit]Rapyd was founded in 2016 as a consumer-facing digital wallet called CashDash, intended for travelers.[1] In 2017, the company pivoted to a business-to-business model, developing a suite of APIs that provide access to global financial services.[5]
2020s: Expansion as Rapyd
[edit]In April 2020, Rapyd acquired KORTA, an Icelandic payment service provider and card acquirer.[6] In July 2022, Rapyd completed the acquisition of Valitor, an Icelandic payments solutions company, from Arion Banki for approximately $110 million. Valitor provided in-store and online payment acceptance and card issuing to merchants across Iceland, the United Kingdom, Ireland, and Europe.[7]
In August 2021, Rapyd became Israel's most valuable private startup with a valuation of over $8 billion.[8] In July 2022, it was valued at $15 billion.[4]
In May 2022, Rapyd opened an office in Dubai, becoming the first Israeli company to be regulated in the United Arab Emirates.[9][10][11] In June 2025, Rapyd entered into a seven-year sponsorship deal with Maccabi Tel Aviv basketball club, officially changing the team's name to Maccabi Rapyd Tel Aviv.[12][13]
In March 2025, Rapyd announced the acquisition of PayU Global Payment Organization (GPO) in Latin America and Africa for $610 million.[2] In May 2026, Rapyd announced a corporate restructuring to reposition its global operations around AI-driven operations.[14][15]
References
[edit]- 1 2 Stub, Zev (January 2021). "Israeli fintech company Rapyd raises $300 million". The Jerusalem Post. Retrieved 7 July 2026.
- 1 2 Methri, Gloria (17 March 2025). "Rapyd acquires PayU GPO: Expanding into LatAm and Africa". IBS Intelligence. Retrieved 7 July 2026.
- ↑ Lunden, Ingrid (3 December 2019). "Rapyd, which offers fintech-as-a-service via a single API, adds $20M more to its coffers at a $1.2B valuation". TechCrunch. Retrieved 7 July 2026.
- 1 2 Orbach, Meir (13 March 2022). "ראפיד בשווי 15 מיליארד דולר - חברת ההייטק הפרטית הגדולה בישראל" [Rapyd Valued at $15 Billion – Israel's Largest Private Tech Company]. Calcalist.
עסקאות סקנדרי בחברת התשלומים הישראלית ראפיד שהתבצעו בחודשיים האחרונים העניקו לה שווי של 15 מיליארד דולר. נהפכה לחברת הפינטק הגדולה בישראל, מאוגוסט השנה זינק שוויה ב־50% ואף הקימה קרן השקעות פנימית.
- ↑ Lunden, Ingrid (13 January 2021). "Rapyd raises $300M on a $2.5B valuation to boost its fintech-as-a-service API". TechCrunch. Retrieved 7 July 2026.
- ↑ "Rapyd enters card acquiring market through Korta acquisition". Finextra Research. 24 April 2020. Retrieved 7 July 2026.
- ↑ "Rapyd Financial Network Ltd. completed the acquisition of Valitor hf from Arion banki hf. for $110 million". MarketScreener. S&P Capital IQ. 1 July 2022. Retrieved 7 July 2026.
- ↑ Tress, Luke (3 August 2021). "Rapyd becomes Israel's most valuable private startup with $300m funding round". The Times of Israel. Retrieved 7 July 2026.
- ↑ "Rapyd Company Overview & News". Forbes. Retrieved 7 July 2026.
- ↑ "Rapyd becomes first Israeli company set to be regulated in UAE". Gulf News. May 2022. Retrieved 7 July 2026.
- ↑ "Trade and security ties are knitting Israel into its region". The Economist. 22 September 2022.
- ↑ "Starting today, say: Maccabi Rapyd Tel Aviv". Maccabi Tel Aviv Basketball Club. 15 July 2025. Retrieved 7 July 2026.
- ↑ Greenberg, Zeli (17 June 2026). "Why do businesspeople buy sports teams?". The Jerusalem Post. Retrieved 10 July 2026.
- ↑ Wrobel, Sharon (29 May 2026). "Major Israeli tech firms commence sweeping layoffs as AI revolution roils industry". The Times of Israel. Retrieved 7 July 2026.
- ↑ Shulman, Sophie; Orbach, Meir (28 May 2026). "We are restructuring Rapyd: fintech unicorn begins layoffs amid AI shift". Calcalist. Retrieved 7 July 2026.