Rapyd

Rapyd is a fintech-as-a-service company that provides businesses with a single API to accept payments, disburse funds, issue cards, and hold and move money across more than 100 countries. Founded in Tel Aviv in 2016 by Arik Shtilman, Arkady Karpman, and Omer Priel, the company originally launched as a consumer digital wallet for travelers before pivoting in 2017 to a business-to-business model built around embedded finance APIs.

Rapyd has since grown into a global platform operating out of London, expanding through acquisitions including Iceland's Valitor (announced 2021, completed 2022, roughly $100-110 million) and, most significantly, PayU's Global Payment Organisation business in Latin America and Africa, a deal signed in August 2023 with Prosus and completed on March 14, 2025 for approximately $610 million after clearing seven regulatory approvals worldwide.

To help fund that acquisition, Rapyd raised $500 million in a Series F round at a $4.5 billion valuation, a steep step down from the roughly $8.75 billion-plus valuation the company reached in its August 2021 Series E round and the $15 billion figure reported at its 2022 peak; the round was first reported closing in March 2025, with XBO Ventures announcing a $25 million participation in the same round in September 2025.

The company has also pushed into digital-asset payments, launching Stablecoin Payment Solutions in September 2025 to let businesses accept, settle, and pay out using stablecoins through a single provider.