Rapyd

What Rapyd does

Rapyd is a global fintech-as-a-service company founded in 2016 that provides unified payment infrastructure for businesses to accept, send, and manage funds across 100+ countries through a single API. The platform combines card acquiring, global payouts, virtual and physical card issuing, multi-currency business accounts, hosted checkout, payment links, virtual terminals, POS hardware, and emerging capabilities including Tap to Pay on iPhone and stablecoin payment solutions. Technical differentiation rests on proprietary direct card acquiring with claimed higher authorization rates, integration with 600+ local payment methods, and a regulatory footprint spanning FCA (UK), Central Bank of Iceland, MAS (Singapore), Israeli Securities Authority, FinCEN (US), and Hong Kong MSO/Money Lenders authorities, plus Level 1 PCI-DSS certification and SOC2 Type II attestation.

The company serves enterprise and mid-market customers across eCommerce, B2B payments, marketplaces, iGaming, online trading, creator economy, online travel, and crypto exchanges, with named logos including Uber, IKEA, Booking.com, Google, Meta, Adidas, Microsoft, Playtech, Rappi, and Paysafe. Distribution is hybrid: direct enterprise field sales for tier-1 merchants, self-serve API onboarding for developers and SMBs, and a partner channel spanning ISO/ISV/PayFac/Referral programs and pre-built e-commerce plugins (Shopify, WooCommerce, Magento, PrestaShop, Wix, Ecwid). Revenue is generated primarily through transaction-based take rates on payment processing, plus subscription fees for gateway services and POS hardware rentals.

Rapyd has grown aggressively through M&A — Valitor (Iceland, $100M, 2021), Neat (2022), and PayU Global Payment Organisation (Netherlands, ~$610M, 2023) — and raised $300M Series E in 2021 at a $5B valuation, followed by a $500M Series F in 2025. CEO Arik Shtilman announced profitability in 2024, an AI-driven restructuring with layoffs in 2026, and plans to take the company public in 2026.

Name

Rapyd

Legal name

Rapyd Financial Network (2016) Ltd.

Website

https://rapyd.net

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Rapyd is a global fintech-as-a-service company providing unified payment infrastructure — card acquiring, payouts, card issuing, and multi-currency accounts across 100+ countries — to enterprises, marketplaces, and SMBs through a single API.

Ownership category

akta.pro rank

Product category

Payment Processing Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Credit Card Issuing (52221), Nondepository Credit Intermediation (5222)

SIC

Finance Services (6199)

akta.pro primary industry

Card Issuing Platforms (Issuer Processing) (FSAGABAD)

akta.pro secondary industries

Card Issuing & Program Management Platforms (BPAMAFAH), EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG)

Keywords

• Global payment processing
• Fintech-as-a-service platform
• Payment API infrastructure
• Cross-border payouts
• Card acquiring services

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Payment Processing/Transaction Fees: Transaction-based fees charged on payment processing volume across card acquiring, online payments, and in-store POS transactions. Includes interchange fees, assessment fees, and Rapyd's service margin.
2. Gateway and API Services: Monthly subscription fees for Rapyd Gateway access plus per-transaction fees. Setup fees for enterprise integrations.
3. Card Issuing: Revenue from issuing payment cards to businesses and consumers, including card program fees and transaction interchange
4. Cross-Border Payments: Fees for cross-border transactions, currency conversion, and international payout services
5. Dynamic Currency Conversion (e.DCC): Revenue share from Dynamic Currency Conversion transactions where cardholders elect to pay in their home currency

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Rapyd is a Fintech-as-a-Service platform that provides unified global payment infrastructure through a single API, enabling businesses to accept payments online and in-store, send cross-border payouts, issue virtual and physical payment cards, and hold multi-currency business accounts across 100+ countries. Offerings span Rapyd Gateway, Hosted Checkout, Payment Links, Virtual Terminal, Direct Card Acquiring, POS terminals, Tap to Pay on iPhone, and Stablecoin Solutions. The platform is licensed as an Electronic Money Institution in the UK (FCA) and Iceland (CBI), a Major Payment Institution in Singapore (MAS), a Money Services Operator in Hong Kong, a Payment Services provider in Israel, and a FinCEN-registered MSB in the US.

Product overview

Rapyd is a global Fintech-as-a-Service platform that operates as a unified financial services infrastructure enabling businesses to accept, send, and manage funds globally. The platform provides a comprehensive portfolio of payment products including Rapyd Gateway (payment gateway with direct card processing), Hosted Checkout (hosted payment pages), Payment Links (link-based payments), Virtual Terminals (phone payments), Accept Payments Online/In-Store, Send Payouts (disbursements), Issue Cards (card issuing), and Multi-Currency Business Accounts. The offering extends to physical POS/card terminals, Tap to Pay on iPhone, Stablecoin Solutions, and regional products like Israel Card Acquiring and Iceland's Kortalán card loans. The platform serves multiple industry verticals including B2B Payments, eCommerce, iGaming, Marketplaces, Online Trading, Creator Economy, Online Travel, and Crypto Exchanges, differentiated by direct card acquiring, multi-currency capabilities, higher authorization rates, and fast onboarding.

Differentiator

Problem solved

Functional benefit

Brands

• PayU: Global payment organization offering digital transaction offerings and cross-border payment capabilities; acquired by Rapyd in August 2023 for $610 million
• Valitor
• Rapyd Ventures

Products and services

• Rapyd Gateway Rapyd's most flexible payment gateway solution designed for larger e-commerce sites and systems that want to connect directly to payment services for card processing. Supports Apple Pay, virtual cards, 3D Secure authentication, and e-DCC for dynamic currency conversion.
• Hosted Checkout A hosted payment page solution where Rapyd hosts the checkout page, offering a quick implementation option for merchants accepting online payments.
• Payment Links A payment link solution that allows merchants to send payment links via SMS, WhatsApp, invoices, or email to accept payments without a website.
• Virtual Terminal A virtual POS terminal solution enabling secure card payments over the phone, suitable for merchants taking payments via telephone orders.
• Accept Payments Online Comprehensive online payment acceptance solution supporting global payments processing with multiple payment methods through a single API integration.
• Accept Payments In-Store Point-of-sale payment acceptance solutions including countertop, mobile, and wireless card terminals with support for contactless payments, Apple Pay, and Google Pay.
• Send Payouts (Disburse) Global disbursement and payout service enabling businesses to send instant payouts to recipients worldwide in multiple currencies.
• Issue Cards Card issuing solution allowing businesses to issue virtual and physical payment cards to customers, employees, or vendors.
• Multi-Currency Business Accounts Multi-currency business accounts enabling businesses to hold, manage, and transact in multiple currencies with virtual accounts for receiving payments.
• Card Machines / POS Terminals Physical card payment terminals (POS) including PAX A920 Pro, PAX A77, PAX A50, and PAX A35 devices with support for 4G, WiFi, Bluetooth connectivity and EMV chip payments.
• Short-Term Card Machine Rental Short-term rental solutions for payment terminals, suitable for events or businesses with temporary payment processing needs.
• Direct Card Acquiring Direct card acquiring services enabling merchants to accept credit and debit card payments directly into their accounts.
• Merchant Services Comprehensive merchant services including card acquiring, processing, and settlement services for business operations.
• Israel Card Acquiring Card payment acceptance services specifically for merchants operating in Israel, with localized payment solutions and compliance.
• Kortalán (Card Loans) Card-based installment loan service available in Iceland through Valitor, offering both interest-bearing and interest-free payment plans (3-36 months) for consumer financing.

Quantifiable outcome

• Valuation doubled to $5 billion during 2021 fintech boom with revenues tripling year-over-year
• +1 more outcomes

Named customers14 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability3 records

Feature7 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• PayU Global Payment Organisation (Acquired)coreStrategic or Co-development Partner · 1 August 2023Rapyd acquired PayU Global Payment Organisation headquartered in the Netherlands for approximately $610 million to expand digital transaction offerings and cross-border payment capabilities
• NeatcoreStrategic or Co-development Partner · 31 January 2022Rapyd acquired Neat to expand cross-border trade capabilities for businesses, enhancing the platform's international commerce features
• Valitor (Acquired)coreStrategic or Co-development Partner · 1 July 2021Icelandic payments firm acquired for $100 million, becoming Rapyd's European hub. Valitor offers payment acceptance solutions and card issuing for SMB merchants in Iceland, UK, Ireland, and Europe.
• Evolve Bank & TrustcoreTechnology or IntegrationUS banking partner providing regulated services through Rapyd Financial Technology US Inc. in partnership with Evolve.
• MVB BankcoreTechnology or IntegrationUS banking partner providing regulated services through Rapyd Financial Technology US Inc. in partnership with MVB.
• SalesCloudminorChannel Partner/ Reseller/ DistributorIcelandic POS and sales system provider integrated with Rapyd for hospitality and retail merchants
• GODOminorChannel Partner/ Reseller/ DistributorIcelandic hotel booking system integrated with Rapyd for payment processing
• Booking FactoryminorChannel Partner/ Reseller/ DistributorHotel booking system integrated with Rapyd Gateway for automated payment processing and 400+ sales channel connections
• Cloud4ClubminorChannel Partner/ Reseller/ DistributorMembership and subscription management system with Rapyd payment integration for clubs and associations
• VisacoreTechnology or IntegrationCard network connection for processing Visa card transactions globally
• MastercardcoreTechnology or IntegrationCard network connection for processing Mastercard transactions globally
• American ExpresscoreTechnology or IntegrationCard network connection for processing American Express card transactions

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Stripe: Stripe is a global payment infrastructure platform that provides APIs for online payment processing, card acquiring, issuing, and cross-border payouts. It is the most direct competitor to Rapyd's fintech-as-a-service proposition, especially for developer-first enterprise merchants.
• Adyen: Adyen is a global payment processor offering unified online, mobile, and in-store payment acceptance along with card acquiring, cross-border payouts, and issuing. It directly competes with Rapyd for enterprise merchants such as Meta, Microsoft, and Booking.com.
• Checkout.com: Checkout.com provides a global payment platform with unified acquiring, processing, and orchestration capabilities across 150+ currencies and 19+ countries. It targets large enterprises and competes directly with Rapyd's global acquiring and gateway products.
• Airwallex: Airwallex offers cross-border payments, multi-currency business accounts, card issuing, and global acquiring across 100+ countries. It is a direct comparable to Rapyd's cross-border B2B and multi-currency proposition, particularly in APAC.
• Wise: Wise operates a global cross-border payments network with multi-currency accounts for businesses and consumers. It is comparable to Rapyd's cross-border payout and FX capabilities, especially for SMB and marketplace use cases.
• Paysafe: Paysafe is a specialized payments platform serving iGaming, eCommerce, and high-risk merchants with card acquiring, payouts, and card issuing. It overlaps directly with Rapyd's iGaming vertical and is also listed as a Rapyd customer.
• Nuvei: Nuvei provides a global payment platform covering card acquiring, alternative payment methods, payouts, and card issuing across 200+ markets with strength in iGaming and high-risk verticals, directly comparable to Rapyd's vertical-focused offering.

Broad incumbents

• PayPal: PayPal operates a broad portfolio of consumer and merchant payment products including Braintree for developer-led processing, Hyperwallet for payouts, and Honeycard for issuing. It is a broad incumbent competing across most of Rapyd's product surface.
• Worldpay: Worldpay is a global merchant acquirer and payment processor serving large enterprises with omni-channel card acceptance and cross-border capabilities. It is a broader incumbent competitor to Rapyd's acquiring and processing offering.

Emerging players

• Mollie: Mollie is a European payment service provider offering multi-method payment processing, payouts, and merchant onboarding to SMBs and platforms. It is a smaller, regional peer that overlaps with Rapyd's European SMB acquiring capabilities via Valitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/RapydPayments
• YouTubeyoutube.com/channel/UCQEgwX9qILl5NAsRULVRZWA
• Facebookfacebook.com/rapydpayments
• LinkedInlinkedin.com/company/rapydpayments
• Instagraminstagram.com/wearerapyd
• GitHubgithub.com/Rapyd-Samples

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries4 records

Funding overview

Funding rounds11 records

Investors26 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rapyd