Electronic transfers

Rapyd Hits $15 Billion Valuation, Becomes Israel’s Most Valuable Unicorn

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.

Quick raised $300m at a $10bn valuation in its E series last August. The company has raised $960 million in total to date, including $160 million in secondary deals. Rapyd completed a $400 million funding round at a $2.5 billion valuation in January 2021.
Rapyd announced last June that he was launching Rapyd Ventures, his new venture capital arm that will focus on investing in early-stage and growth-stage companies developing innovation in financial services. Rapyd employs 600 people worldwide, including 330 in Israel. It plans to recruit hundreds of new employees in the near future.

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.