FinTech Magazine December 2024 | Page 54

RAPYD
TOP 10 – DECACORNS

07

RAPYD

CEO : ARIK SHTILMAN REVENUE : US $ 1.25BN ( ESTIMATED ) HEADQUARTERS : LONDON , UK EMPLOYEES : 850 FOUNDED : 2016
Rapyd , a fintech-as-a-service provider , has grown significantly , reaching a reported US $ 15bn valuation . The platform processes over US $ 100bn in annual transactions for clients including Meta , Netflix and Uber . Rapyd has expanded through acquisitions , notably purchasing PayU ’ s Global Payments Organisation , and now operates in over 100 jurisdictions . With US $ 775m in total funding , the company plans to go public in 2026 . Rapyd aims to enhance its performance through AI implementation , targeting improved EBITDA margins . Its growth in the fintech sector has drawn comparisons to established tech giants , though future performance remains to be seen .
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Arik Shtilman , Rapyd