Rapyd Revenue, Valuation, Funding & Investors

Rapyd is valued at $4.5B as of March 2025, a 4.5x multiple on its last reported $1B revenue.

See full Rapyd profile

Last Rapyd valuation

$4.5B

Undisclosed stage · Mar 2025

Last Rapyd funding round

$500M

Undisclosed stage · Mar 2025

Rapyd revenue

$1B

Undisclosed stage · Mar 2025

Key investors in Rapyd

  • Target Global
  • General Catalyst
  • Coatue
  • Stripe
  • IGNIA
  • Tal Ventures

Rapyd Overview

About Rapyd

Rapyd is a London-headquartered fintech-as-a-service platform that allows businesses to embed payment acceptance, payouts, card issuing, foreign exchange, and business wallet capabilities into their products through a single API. Founded in 2016, the company operates a global network spanning more than 100 countries and connects local payment methods including cards, bank transfers, e-wallets, and cash. Rapyd has scaled rapidly through acquisitions of Valitor, Korta, and Neat, and serves marketplaces, e-commerce companies, gig economy platforms, and financial institutions that need cross-border payment infrastructure without building it in-house.


Founded

2016

HQ

United KingdomLondon

Website

rapyd.net

Status

Privately held

Customer focus

B2B

Revenue model

Commission, Usage-based

Revenue

$1B (Mar 2025)

Valuation

$4.5B (Mar 2025)

Rapyd Valuation

Rapyd is currently valued at $4.5B, based on its undisclosed-stage round in March 2025.

Rapyd's valuation has grown 4.5x from $1B at its Series C in October 2019 to $4.5B in March 2025, across 5 priced rounds.

Rapyd valuation by funding round

Revenue multiple
Rapyd valuation by funding round
DateStageValuationRevenue Multiple
Mar 2025Undisclosed stage$4.5B4.5x
Aug 2021Series E$8.8B175.0x
Jan 2021Series D$2.5B12.5x
Dec 2019Series C$1.2B-
Oct 2019Series C$1B-

Rapyd Revenue

Rapyd's latest recorded revenue is $1B, as of its undisclosed-stage round in March 2025. At a $4.5B valuation, that implies a 4.5x revenue multiple.

Revenue grew from $200M in January 2021 to $1B in March 2025, while the revenue multiple moved from 12.5x to 4.5x.

Rapyd revenue by funding round

Rapyd revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Mar 2025$1B$4.5B4.5xUndisclosed stage
Aug 2021$50M$8.8B175.0xSeries E
Jan 2021$200M$2.5B12.5xSeries D

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Rapyd Funding History

Rapyd has raised a total of $1.3B across 7 funding rounds.

Rapyd's first fundraising round was a $10M Series B in June 2018. The most recent completed round was a $500M undisclosed-stage round in March 2025.

Rapyd funding rounds

Rapyd funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2025Undisclosed stage-$500M$4.5BRapyd, an Israeli-founded global fintech platform established in 2015 by Arkady Karpman, Arik Shtilman, and Omer Priel, provides payments infrastructure including bank transfers, digital wallets, cash payments, card issuing, and more, operating in over 100 countries with 1,200+ payment methods post-acquisition. In March 2025, Rapyd raised $500 million, primarily equity with some debt, at a $4.5 billion valuation to complete its $610 million acquisition of PayU's Global Payments Organization (GPO), initially signed in August 2023 and approved by seven global regulators. This funding round, one of the largest in Israeli tech history, brings Rapyd's total capital raised to over $1 billion, down from peak valuations of $9-15 billion in 2021-2022. The PayU acquisition expands Rapyd's workforce to approximately 1,600 employees and positions it to generate revenues exceeding $1 billion annually, with operations spanning Europe, the UK, South America, Asia, the US, and planned expansion into Israel in 2025. Rapyd has a history of strategic acquisitions, including Valitor for $100 million in 2022, and now PayU GPO, enhancing its regulatory licenses in 41 countries and global partnerships. The company holds financial activity permits across multiple jurisdictions, supporting its fintech-as-a-service model for embedded finance and digital payments. Earlier reports in February 2025 mentioned talks for a $300 million raise at $3.5 billion, but the completed March round was larger at $500 million and $4.5 billion valuation specifically to fund the PayU deal.
Aug 2021Series ETal Ventures (lead); Target Global (lead)$300M$8.8BRapyd is a global fintech platform providing embedded finance infrastructure, including payments, compliance, FX, fraud management, escrow, virtual accounts, and card issuing, serving e-commerce, gig economy, marketplaces, and financial institutions. The company, founded in 2016 by Israeli and Russian entrepreneurs, operates from London, Mountain View, and other locations, enabling businesses to integrate financial services via API without building their own systems. In August 2021, Rapyd raised $300 million in a Series E round led by Tal Ventures and Target Global, achieving a record post-money valuation of $10 billion. This followed a $300 million Series D in January 2021 at $2.5 billion valuation led by Coatue, with participants including Target Global, General Catalyst, and Tal Capital. New investors in Series E included Fidelity Management and Research, Altimeter Capital, Whale Rock Capital, BlackRock funds, and Dragoneer, alongside existing backers like General Catalyst, Latitude, Durable Capital Partners, Tal Capital, Avid Ventures, and Spark Capital. Total funding raised reached $960 million, including $160 million in secondary deals. The funds were earmarked for accelerated growth via organic expansion, acquisitions, and strategic investments through Rapyd Ventures, launched earlier in 2021 with $20-40 million for early-stage fintechs. Half of the proceeds targeted an immediate acquisition announced in Q4 2021 and SMB product marketing, with consideration for small tuck-in acquisitions for talent. This came post-acquisition of Valitor for $100 million, enhancing European payments and card issuing. Traction included five-fold revenue growth in 2020, driven by a new onboarding API amid the pandemic. The round positioned Rapyd as a leader in borderless fintech amid booming global e-commerce and gig economy demand.
Jan 2021Series DCoatue (lead); Tal Ventures (lead)$300M$2.5BRapyd is a London- and Mountain View-based fintech startup founded in 2016 by Israeli and Russian entrepreneurs Arik Shtilman, Arkady Karpman, and Omer Priel, offering 'fintech as a service' through an API that enables developers to implement various payment processes, serving online marketplaces, e-commerce, gig economy platforms, and financial institutions. The company provides a global payments network connecting businesses to over 900 local payment methods, with a focus on unifying fragmented payment systems worldwide. In January 2021, Rapyd raised $300 million in a Series D funding round led by Coatue and Tal Ventures, with participation from new investors Spark Capital, Avid Ventures, FJ Labs, and Latitude, plus existing backers including General Catalyst, Oak HC/FT, Tiger Global, Target Global, Durable Capital, Tal Capital, and Entrée Capital. This round valued the company at $2.5 billion post-money, doubling its previous valuation, and brought total funding to around $460-470 million. The proceeds were intended to accelerate growth, expand global reach, double engineering and product teams, enhance self-service onboarding, and pursue strategic acquisitions following the 2020 purchase of card payment service Korta, targeting regions in the Americas, Asia-Pacific, Europe, Middle East, and Africa. CEO Arik Shtilman noted booming business from the pandemic, aided by a new onboarding API, with revenues growing approximately five-fold in 2020, though specific revenue or ARR figures were not disclosed.
Dec 2019Series CDurable Capital Partners (lead)$20M$1.2BRapyd is a London-based fintech company providing an API platform for financial services, including payments, funds, checkout, and cross-border transactions across 65 currencies in over 170 countries. It serves customers such as gig economy platforms like Uber, eCommerce merchants, technology providers, and financial institutions. The $20 million funding round in December 2019, led by Durable Capital Partners and described as a Series C extension, valued the company at $1.2 billion post-money, up from just under $1 billion in its prior October 2019 $100 million Series C led by Oak HC/FT with participation from Stripe, Target Global, Tiger Global, Entree Capital, General Catalyst, and Coatue. This brought Rapyd's total funding raised at the time to $180 million across seed, Series A, $40 million Series B in February 2019 led by General Catalyst and Stripe, and the recent Series C rounds. The new capital was intended to support acquisitions, with CEO Arik Shtilman noting plans for deals in the $100 million range, larger than initially planned. Durable Capital Partners, founded by former T. Rowe Price executive Henry Ellenbogen, highlighted Rapyd's potential in the 'fintech-as-a-service' category to embed financial services into technology stacks. In the months leading up to the round, Rapyd signed 20 additional large-scale clients and integrated services like logistics, launching a closed beta for merchants and partnering with companies like Convoy. This funding positioned Rapyd for accelerated growth through inorganic expansion, preceding later rounds like Series D in 2021 at higher valuations.
Oct 2019Series COak HC/FT (lead); General Catalyst; Stripe; Target Global; Tiger Global; Entrée Capital; Coatue$100M$1BRapyd is a fintech company offering 'fintech-as-a-service' through a cloud-based API platform that enables businesses to integrate payments, disbursements, and financial services into commerce applications globally, supporting local and cross-border transactions across multiple channels. The October 2019 Series C funding round raised $100 million led by Oak HC/FT, with participation from Tiger Global, Coatue, General Catalyst, Target Global, Stripe, and Entrée Capital, bringing total funding to around $150-160 million at that point. The post-money valuation reached nearly $1 billion, reflecting rapid growth including payments volume increasing more than fivefold that year. The funds were intended to expand the Rapyd Global Payment Network, scale operations, enter new markets, and enhance product capabilities to address challenges in localized payment processing, risk management, and compliance for global commerce. This followed a $40 million Series B in February 2019 led by General Catalyst and Stripe. CEO Arik Shtilman highlighted the platform's role in enabling businesses to launch applications quickly without building their own infrastructure. Investors praised Rapyd's differentiated platform and growth potential in digitized financial services. While specific revenue or ARR figures were not disclosed using standard terms, the company forecasted its revenue run rate to triple in 2020 compared to 2019, indicating strong traction. A subsequent $20 million Series C extension occurred in December 2019 led by Durable Capital Partners.
Feb 2019Series BGeneral Catalyst (lead); Stripe (lead); Target Global; IGNIA$40M-Rapyd is a global fintech-as-a-service platform enabling businesses and consumers to handle local and cross-border payments using any method, including cash, through APIs for e-commerce and other applications. In February 2019, it raised $40 million in a Series B round led by General Catalyst and Stripe, with participation from Target Global, IGNIA, and other strategic investors, to expand operations and enhance product offerings. This followed seed and Series A rounds led by TaL Capital. At the time of the Series B, Rapyd had around 50 corporate customers in e-commerce and gig economy sectors, with its payment and fund disbursement network covering over 1.5 million access points worldwide. By October 2019's subsequent $100M Series C led by Oak HC/FT, CEO Arik Shtilman noted the company was on track for tens of millions in revenue for that year, though not specified as ARR or tied directly to the February round. Payments volume on the platform grew over five times in 2019. Rapyd continued rapid fundraising post-Series B, with another $20M in December 2019 from Durable Capital Partners reaching $1.2B valuation, a $300M Series D in January 2021, and later rounds totaling over $1.5B raised, culminating in a $4.5B valuation.
Jun 2018Series BSBI Holdings; Target Global; IGNIA$10M--

Who has invested in Rapyd?

11 investors have backed Rapyd across its funding rounds, including Target Global, General Catalyst, Coatue, Stripe, IGNIA and Tal Ventures.

Lead investors include Tal Ventures, Target Global, Coatue, Durable Capital Partners, Oak HC/FT and 2 other investors.


Rapyd Investors

Investors in Rapyd by funding rounds participated
InvestorHQRoundsRoleFirst check
Target GlobalUnited KingdomLondon4LeadJun 2018
General CatalystUnited StatesSan Francisco, CA2LeadFeb 2019
StripeUnited StatesSan Francisco, CA2LeadFeb 2019
Tal VenturesIsraelTel Aviv2LeadJan 2021
CoatueUnited StatesNew York City, NY2LeadOct 2019
IGNIAUnited StatesBoston, MA2ParticipantJun 2018
SBI HoldingsJapanTokyo1ParticipantJun 2018
Durable Capital PartnersUnited StatesWashington, DC1LeadDec 2019
Oak HC/FTUnited StatesGreenwich, CT1LeadOct 2019

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Rapyd

Rapyd has acquired 4 companies to date.

Last acquisition by Rapyd was on August 1st 2023. Rapyd acquired PayU GPO for $610M.


Latest Acquisitions by Rapyd

PayU GPO
Neat
Valitor
Korta
Description
PayU GPO is the Amsterdam-headquartered global payments organization under PayU, delivering acquiring services, local payment methods, and analytics to merchants in 50 countries. It supports cards, wallets, and bank transfers with machine learning fraud tools achieving 99 percent uptime. PayU GPO powers platforms for travel, retail, and gaming, partnering with Visa, Mastercard, and regional acquirers. Backed by Prosus, it processes cross-border transactions optimized for emerging markets.
Neat is a fintech platform providing multi-currency business accounts, payments, and cards for global entrepreneurs in 50+ countries. Hong Kong-headquartered and founded in 2020, it supports e-commerce sellers on Shopify and Amazon, processes $1 billion in annual transactions, and complies with FCA regulations for UK users.
Valitor is a Reykjavik-headquartered payment acquirer holding one of Europe's first cross-border licenses since 2003. The company processes card-present and e-commerce transactions for merchants across the EEA via partnerships with Nets and Adyen. Serving high-risk sectors with tailored risk management, Valitor handles millions in volume annually for clients in gaming and retail.
Korta is a Reykjavik-headquartered payment service provider handling Visa and Mastercard acquiring across Europe. PCI DSS certified since 2005, the company manages authorizations, settlements, POS terminals, and secure card storage for merchants without requiring their own certification. Licensed by the Icelandic Financial Supervisory Authority as a principal member of Visa Europe and Mastercard International, Korta ranked 106th on the 2016 Inc 5000 Europe list.
HQ CountryNetherlandsHong KongIcelandIceland
HQ City
Amsterdam
Hong Kong
Reykjavík
Reykjavík
Deal Date1 Aug 20238 Dec 20211 Jul 202120 Apr 2020
Valuation$610Mundisclosed$100Mundisclosed
EV/Revenue
EV/EBITDA

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Investments by Rapyd

Rapyd has invested in 1 company to date.

Latest investment by Rapyd was on February 1st 2023. Rapyd invested in Skuad in their $750K Undisclosed stage round.


Latest Investments by Rapyd

Skuad
Description
Skuad is a global HR platform specializing in payroll automation, local compliance, and taxation for distributed teams. The Singapore-headquartered company operates in over 160 countries, enabling businesses to hire international contractors without local entity setup. Key features include real-time payroll processing, tax withholding, and compliance with regulations in regions like Europe, Asia-Pacific, and Latin America. Skuad integrates with tools such as Slack, QuickBooks, and Xero, supporting companies like GitLab and Revolut in managing remote workforces.
HQ CountrySingapore
HQ City
Singapore
Deal Date1 Feb 2023
RoundUndisclosed stage
Raised$750K
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Rapyd Competitors

Rapyd competitors include listed companies like Paymentus, dLocal and Edenred, and private ones like Grab Financial Group, Clip and Fintiv.

Public and private companies comparable to Rapyd
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PaymentusUnited StatesUnited StatesPublicly listed$1.2B$117M$4.6B3.0x
dLocalUruguayUruguayPublicly listed$1.1B$229M$4.2B2.3x
Grab Financial GroupSingaporeSingaporePrivate--$3B-
EdenredFranceFrancePublicly listed$3.4B$1.3B$7.7B2.8x
ClipMexicoMexico CityPrivate--$2.5B-
FintivUnited StatesAustin, TXPrivate--$2.4B-

Rapyd Public Comps

Rapyd is still privately-owned, but its public comps include Paymentus, GMO Payment Gateway, dLocal, Bread Financial, BILL.com, HUB24, Kakao Pay, ACI Worldwide, Marex Group and Q2 Holdings.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Paymentus$1.2B$117M3.5x3.0x35.8x24.8x
GMO Payment Gateway$530M$229M6.4x5.6x14.7x12.5x
dLocal$1.1B$229M3.1x2.3x14.6x10.7x
Bread Financial$3.8B-1.3x1.3x--
BILL.com$1.7B$34M2.4x2.4x116.2x10.3x
HUB24$349M$134M11.5x10.9x29.9x26.2x
Kakao Pay$698M$58M5.6x4.7x67.9x30.9x
ACI Worldwide$1.8B$456M3.3x3.1x12.8x10.9x

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Common questions about Rapyd

When was Rapyd founded?Rapyd was founded in 2016.
Where is Rapyd headquartered?Rapyd is headquartered in London, United Kingdom.
Is Rapyd publicly listed?No, Rapyd is a private, VC-backed company.
What is Rapyd's valuation?Rapyd was last valued at $4.5B in its undisclosed-stage round in March 2025.
How much funding has Rapyd raised?Rapyd has raised $1.3B across 7 funding rounds.
What was Rapyd's last funding round?Rapyd's last funding round was a $500M undisclosed-stage round in March 2025.
Who are Rapyd's investors?Rapyd's investors include Target Global, General Catalyst, Stripe, Tal Ventures, Coatue, IGNIA, SBI Holdings, Durable Capital Partners, Oak HC/FT, Tiger Global and 1 other.
What is Rapyd's revenue?Rapyd's latest recorded revenue is $1B (March 2025).
What is Rapyd's revenue multiple?Rapyd's latest valuation implies a 4.5x revenue multiple ($4.5B valuation on $1B of revenue).
Which companies are comparable to Rapyd?Companies comparable to Rapyd include Paymentus, dLocal, Grab Financial Group, Edenred, Clip and Fintiv.
How many companies has Rapyd acquired?Rapyd has acquired 4 companies, including PayU GPO, Neat, Valitor and Korta.
What was the largest acquisition by Rapyd?The $610M acquisition of PayU GPO in August 2023 is the largest acquisition Rapyd has made to date.
How many companies has Rapyd invested in?Rapyd has invested in 1 company, including Skuad.
What was Rapyd's last investment?In February 2023, Rapyd invested in Skuad's $750K undisclosed-stage round.

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