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
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.
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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