Rapyd

Rapyd is a mobile-first financial network that enables payment transactions instantly through a single API and SDK.

Through their scalable platform and API, Rapyd are enabling eCommerce merchants, gig platforms, challenger wallets, remittance platforms, online lenders, and even traditional banks to create new mobile-friendly solutions to make payments faster and more accessible. The platform offers checkout, funds collection, fund disbursements, compliance as a service, foreign exchange, card issuing and integration. Its platform includes turnkey compliance and a risk engine to meet all regulatory requirements.

Rapyd's cash, bank transfers, e-wallets and local debit card paymets are available in more than 100 countries, and can make disbursements in more than 170 countries.

Rapyd counts Uber amongst its clients.

In 2019 Rapyd CEO Arik Shtilman commented that the total payments volume on the platform had grown more than five times, and the company forecast suggested its 2020 revenue run rate would triple that of its 2019 revenue.

In October 2019, Rapyd raised a $100m Series C round, led by Oak HC/FT, which brings the company valuation to just under $1bn. The Series C round was Rapyd's second round in less than a year. Rapyd stated the funds will be used to expand its platform, its team, and make acquisitions.

In August 2023 the company said it was paying $610m to acquire a giant piece of PayU. PayU is the payments division of internet giant Prosus that focuses on emerging markets. The company is in the final stages of closing $700m in new financing. Prosus will not become a shareholder with the acquisition.