Rapyd company profile: valuation, funding & revenue

This Rapyd company profile covers the company's valuation, revenue, funding rounds, investors and history. Rapyd works in fintech, with a focus on global payments and fintech-as-a-service. It was founded in 2016 and is headquartered in London, England, United Kingdom. Its latest valuation on record is About US$3.5 billion (reported down round) (2025). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

Rapyd timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2016 — Rapyd is founded in London by Arik Shtilman (CEO), Arkady Karpman and Omer Priel.
• Aug 2021 — Series E: US$300M, valuing the company at US$15B. Investors: Target Global (lead).
• 2025 — Equity round: About US$300M–500M (reported), valuing the company at About US$3.5B (reported).
• 2021 — Peak valuation: US$15 billion in 2021.

Investors

Overview

Rapyd provides payment infrastructure that lets businesses accept and send money in many countries using local payment methods. Through a single integration, a merchant or platform can accept cards, bank transfers, digital wallets and cash payments in markets across Europe, Latin America, Asia, Africa and the Middle East, and pay out to suppliers, workers and customers around the world. Rapyd calls its approach "fintech-as-a-service": as well as processing payments, it offers accounts, card issuing, foreign exchange and compliance tools that other companies can build into their products.

Arik Shtilman, the CEO, Arkady Karpman and Omer Priel founded Rapyd in 2016. The founders had previously built Zooz, a payment company. Rapyd is headquartered in London, with its main research and development centre in Tel Aviv and offices across dozens of countries. At its peak in 2021, it was one of the most valuable fintech companies in the world.

Products

• Payment acceptance: online and in-store payments using more than 900 local methods, according to the company, including cards, bank transfers, e-wallets and cash vouchers.
• Payouts: sending money to bank accounts, cards and wallets in many countries, used for marketplaces, gig platforms and remittances.
• Wallets and accounts: stored-value accounts that platforms can offer their users.
• Card issuing: physical and virtual cards for businesses and consumers.
• Risk and compliance: fraud prevention, identity verification and regulatory tools.

From US$15 billion to a down round

Rapyd raised aggressively during the 2021 fintech boom. A US$300 million Series E in August 2021, led by Target Global, valued it at US$15 billion, and it raised further funds from investors including Coatue, Durable Capital, Fidelity and BlackRock. When interest rates rose and fintech valuations collapsed, Rapyd, like many peers, faced a much tougher funding market. It cut staff in 2022 and 2023 and focused on profitability. In early 2025, reports said it was raising about US$300 million at a valuation of about US$3.5 billion, a steep fall from its peak, partly to fund an acquisition. Other reports put the final terms somewhat higher, around US$4.4 to US$4.5 billion; because Rapyd didn't publish the terms, we show the widely reported down-round figure and label it as reported.

The PayU acquisition

In 2024 Rapyd agreed to buy PayU's Global Payments Organisation (GPO), the international payment processing business of Prosus-owned PayU, excluding India, for about US$610 million. The deal added operations in markets such as Latin America, Central and Eastern Europe, Africa and parts of Asia, increasing Rapyd's processing volume and local licences. Integrating a large acquired business while cutting costs is a major test for Rapyd's management.

Business model

Rapyd earns fees on payments processed, payouts sent, currency conversions and card transactions, plus platform fees for some services. Payment processing typically has thin margins, so scale and a mix of higher-margin services such as cross-border payments and foreign exchange matter. Revenue isn't publicly disclosed, so we show it as not disclosed.

Competition

Rapyd competes with global payment processors including Adyen, Stripe, Checkout.com, Worldpay and Nuvei; with regional specialists such as dLocal and EBANX in emerging markets; and with cross-border payout companies such as Payoneer and Wise. Its differentiation is its breadth of local payment methods and payouts in hard-to-reach markets.

Rapyd at a glance

Rapyd is a London-based payments company with R&D in Tel Aviv, founded in 2016 by Arik Shtilman, Arkady Karpman and Omer Priel. It offers local payment acceptance, payouts, wallets and card issuing in many countries. It was valued at US$15 billion in 2021, then raised in 2025 at a reported valuation of about US$3.5 billion, partly to fund its roughly US$610 million purchase of PayU's global payments business.

What down rounds mean

A down round is a funding round at a lower valuation than the previous one. It dilutes existing shareholders more than an up round, can trigger anti-dilution protections for some investors and may hurt employee morale if stock options lose value. However, it can also give a company the capital it needs to survive and grow, and reset expectations to realistic levels. Many 2021-era fintechs went through down rounds, restructurings or sales between 2022 and 2025. Our guide to startup dilution explains the mechanics in detail.

Why local payment methods matter

In many countries, most people don't pay online with international credit cards. Brazilians use Pix, Dutch shoppers use iDEAL, Indians use UPI, Indonesians use e-wallets and many Mexicans pay with cash at convenience stores. A business that only accepts cards can lose a large share of potential customers. Supporting local methods requires licences, banking partners and technical integrations in each country, which is costly and slow. Providers like Rapyd sell access to this network so merchants can expand internationally without building it themselves.

Questions for merchants and platforms

• Which payment methods and payout destinations are supported in your target markets?
• What are the processing, currency conversion and settlement fees?
• How quickly are funds settled, and in which currencies?
• How stable is the provider financially, and who holds the licences in each country?

Who uses Rapyd

Rapyd's customers include online retailers expanding internationally, marketplaces that need to pay sellers in many countries, gig economy platforms paying workers, travel companies, gaming and digital goods businesses, and financial institutions that want to offer new payment services without building them from scratch. Many are mid-sized companies that lack the resources to obtain licences and integrate payment methods country by country. Cross-border payouts are particularly valuable for platforms whose workers or sellers live in emerging markets, where traditional international bank transfers can be slow and expensive.

Latest developments (October 2026)

Rapyd has leaned into stablecoins. It launched stablecoin payment services for merchants in September 2025, according to a company release on Business Wire, and in January 2026 published a State of Stablecoins survey of businesses using or planning to use digital dollars. No new priced funding round has been reported, so the reported down-round valuation in our profile remains the latest figure. Management had previously pointed to a possible listing, but no filing has been made. See our cross-border payments guide.

What to watch

Watch the integration of PayU GPO, profitability milestones, any further funding, and whether Rapyd eventually pursues an IPO or sale. Our guide to the largest private fintech companies compares Rapyd with peers.

Takeaways

Merchants expanding internationally can access local payment methods through one provider. Founders can learn from Rapyd's boom-to-reset story about the risks of raising at peak valuations. Investors should treat reported down-round figures as approximate until terms are disclosed.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. The Paypers
2. Crowdfund Insider
3. Globes