Rapyd is a fintech company that provides end-to-end global payment and financial services infrastructure for businesses and developers. Its platform enables companies to accept payments, send payouts, manage wallets, and embed financial services across borders using a single API-driven system.
Serving e-commerce companies, marketplaces, gig platforms, fintechs, and enterprises, Rapyd simplifies access to local payment methods, currencies, and compliance frameworks, allowing businesses to scale internationally without building complex financial infrastructure from scratch.
What Is Rapyd and What Does It Do?
Rapyd, founded in 2016, is a London-based fintech company that provides global payment and financial infrastructure solutions for businesses and developers. The company enables organizations to accept payments, send payouts, manage wallets, and embed fintech services through a unified API platform.
Rapyd supports over 900 payment methods across more than 190 countries, allowing businesses to localize payments while operating globally. Its platform is widely used by e-commerce companies, marketplaces, gig platforms, and financial institutions to simplify complex cross-border payment flows.
With a workforce of around 500 employees as of December 2024, Rapyd continues to expand its global footprint by offering card acquiring, bank transfers, digital wallets, multi-currency accounts, and instant payout solutions through regulated regional entities.
How Much Funding Has Rapyd Raised?
1. Seed Round
- Amount Raised: $10M
- Date: June 2018
- Motivation: To build the initial global payments platform and establish early market presence.
2. Series B
- Amount Raised: $40M
- Date: February 2019
- Lead Investors: General Catalyst, Stripe
- Motivation: To scale operations and expand the global payment network.
3. Series C
- Amount Raised: $100M
- Date: October 2019
- Lead Investors: Oak HC/FT
- Motivation: To accelerate international expansion and enhance product development.
4. Series C (Extension)
- Amount Raised: $20M
- Date: December 2019
- Lead Investors: Durable Capital Partners
- Motivation: To support rapid growth and increase market penetration.
5. Series D
- Amount Raised: $300M
- Date: January 2021
- Lead Investors: Coatue, Tal Ventures
- Motivation: To expand platform capabilities, enter new markets, and pursue strategic acquisitions.
6. Series E
- Amount Raised: $300M
- Date: August 2021
- Lead Investors: Tal Ventures, Target Global
- Motivation: To strengthen global infrastructure and scale fintech-as-a-service offerings.
7. Series F
- Amount Raised: $250M
- Date: March 2025
- Lead Investors: Fidelity Investments, Dragoneer Investment Group
- Motivation: To support long-term growth, improve operational efficiency, and stabilize valuation post-market volatility.
Total Funding Raised: $1.01 Billion
Current Valuation: $4.5 Billion (as of March 2025)
Latest Funding Date: March 2025
Key Investors
1. Fidelity Investments
- Details: Global asset management firm and a major backer of Rapyd’s Series F round.
- Investment Focus Areas: Fintech, enterprise software, growth-stage technology companies.
- Notable Investments: Rapyd, Coinbase, Stripe, Airbnb.
2. Dragoneer Investment Group
- Details: Growth-stage investment firm focused on category-defining technology platforms.
- Investment Focus Areas: SaaS, fintech, internet marketplaces.
- Notable Investments: Rapyd, Snowflake, Uber, Airbnb.
3. General Catalyst
- Details: Venture capital firm investing in early and growth-stage technology companies.
- Investment Focus Areas: Technology, fintech, healthcare, consumer platforms.
- Notable Investments: Rapyd, Stripe, Airbnb, Snap.
4. Stripe
- Details: Global payments company and strategic investor in Rapyd’s early growth rounds.
- Investment Focus Areas: Payments infrastructure, fintech, developer tools.
- Notable Investments: Rapyd, Shopify, Deliveroo.
Where Is Rapyd’s Headquarters?
Rapyd is headquartered in London, United Kingdom. The city’s strong financial ecosystem, regulatory infrastructure, and access to global banking networks make it an ideal base for building and scaling international payment and fintech services.
What’s Next for Rapyd?
Rapyd is focused on strengthening its core payments infrastructure while expanding into new geographies and regulated markets. With a $4.5 billion valuation and over $1 billion raised, the company aims to improve profitability, optimize operations, and deepen enterprise adoption of its fintech-as-a-service platform.
Future priorities include expanding payout capabilities, enhancing compliance automation, and supporting businesses looking to embed financial services without building their own banking infrastructure.
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