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Payment Startup Rapyd Raises $100 Million

Payment Startup Rapyd Raises $100 Million

Rapyd develops a payment service that enables the transfer of electronic funds across borders through bank transfers, digital wallets, cash, and other means of payment

Adi Pick  :  2019-10-02T12:46:22..

Israeli fintech startup Rapyd Financial Networks Ltd. has completed a $100 million series C funding round, the company announced Tuesday. In February, the company announced it had raised a $40 million series B round

The round was led by Connecticut-based venture firm Oak HC/FT Partners LLC, with participation from investment firms Tiger Global, Coatue Management, General Catalyst, Target Global, and Entrée Capital, and San Francisco-based online payments company Stripe Inc.

Rapyd Rapyd's co-founders Arkady Karpman (left), Arik Shtilman, and Omer Priel. Photo: Tomer Hazan Rapyd

Formerly known as CashDash, Rapyd develops a payment service that enables the transfer of electronic funds across borders through bank transfers, digital wallets, cash, and other means of payment. The company’s network is accessible to more than 4 billion users, according to company statements. Rapyd's platform supports 65 currencies in more than 170 countries and enables global transfers in real-time. The company has raised $160 million to date.

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