Rapyd

Rapyd

Rapyd
TypePrivate
IndustryFinancial technology
Founded2016
FoundersArik Shtilman
Arkady Karpman
Omer Priel
Websiterapyd.net

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

2010s: Foundation as CashDash

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

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

  1. ^ a b Stub, Zev (January 2021). "Israeli fintech company Rapyd raises $300 million". The Jerusalem Post. Retrieved 7 July 2026.
  2. ^ a b Methri, Gloria (17 March 2025). "Rapyd acquires PayU GPO: Expanding into LatAm and Africa". IBS Intelligence. Retrieved 7 July 2026.
  3. ^ 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.
  4. ^ a b 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.
  5. ^ 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.
  6. ^ "Rapyd enters card acquiring market through Korta acquisition". Finextra Research. 24 April 2020. Retrieved 7 July 2026.
  7. ^ "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.
  8. ^ 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.
  9. ^ "Rapyd Company Overview & News". Forbes. Retrieved 7 July 2026.
  10. ^ "Rapyd becomes first Israeli company set to be regulated in UAE". Gulf News. May 2022. Retrieved 7 July 2026.
  11. ^ "Trade and security ties are knitting Israel into its region". The Economist. 22 September 2022.
  12. ^ "Starting today, say: Maccabi Rapyd Tel Aviv". Maccabi Tel Aviv Basketball Club. 15 July 2025. Retrieved 7 July 2026.
  13. ^ Greenberg, Zeli (17 June 2026). "Why do businesspeople buy sports teams?". The Jerusalem Post. Retrieved 10 July 2026.
  14. ^ 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.
  15. ^ Shulman, Sophie; Orbach, Meir (28 May 2026). "We are restructuring Rapyd: fintech unicorn begins layoffs amid AI shift". Calcalist. Retrieved 7 July 2026.

Content Disclaimer

Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.

  1. The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
  2. There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
  3. It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
  4. Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
  5. Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.