Israeli fintech Rapyd has reached a valuation of $15 billion. Calcalist has learned that the company was valued at that figure in several secondary transactions over the past few months in which early investors sold shares. Rapyd’s investors include BlackRock, Fidelity, General Catalyst, Target Global and Spark Capital. These recent secondary transactions make Rapyd Israel the most valuable private technology company and the most valuable financial technology company.
Founded in 2015 as CashDash by Arkady Karpman, Arik Shtilman and Omer Priel, Rapyd offers payment services that allow electronic funds to be transferred across borders via a variety of payment methods, including bank transfers, digital wallets and digital wallets. species.
The fintech sector has experienced an unprecedented boom in Israel in recent years. Tipalti raised $270m at an $8.3bn valuation last December, while Fireblocks, which provides solutions for the blockchain and crypto industry, raised $310m in a Series D at a valuation of $8 billion three months ago.