Reflecting on the company ’ s growth , Stilman says : " We are continuing to go from strength to strength , despite the current economic conditions . I ’ m proud of this . While many other fintech organisations had to recede and slow their growth , Rapyd continued to expand globally ." ARIK SHTILMAN
LIFETIME OF ACHIEVEMENT IN FINTECH
Arik Shtilman , CEO and Co-founder of Rapyd , launched the company after identifying a critical gap in global commerce – the need for a unified platform to manage international payments .
This insight led to the creation of Rapyd , a scalable fintech infrastructure designed to help businesses integrate and streamline their financial operations worldwide . Shtilman explains the origins of his journey , stating : " Before Rapyd , I wasn ’ t involved in payments or fintech , I was a cloud expert and entrepreneur . After three years in the military , I decided to skip university and start my own company . I and three other co-founders bootstrapped the business and built it into a multimillion-dollar organisation . The company ran for 10 years and we sold it in 2013 .”
Under Shtilman ' s guidance , Rapyd has made significant strategic acquisitions , such as Neat in Hong Kong and Valitor in Iceland , broadening the company ' s global reach and capacity . The acquisition of PayU for US $ 610m notably expanded Rapyd ’ s capabilities into over 100 countries and enriched its offerings to include 1,200 payment types .
Reflecting on the company ’ s growth , Stilman says : " We are continuing to go from strength to strength , despite the current economic conditions . I ’ m proud of this . While many other fintech organisations had to recede and slow their growth , Rapyd continued to expand globally ." ARIK SHTILMAN
TITLE : CEO COMPANY : RAPYD INDUSTRY : FINTECH LOCATION : ISRAEL
Arik Shtilman serves as the CEO of Rapyd , the B2B service enabling enterprises and mobile platforms to make digital payments and withdraw money through the use of a single API . He has extensive experience
in industries such as payments , fintech , cloud computing , mergers and acquisitions , alliances , business development and marketing .
Challenges and Innovations Rapyd has encountered numerous challenges , notably in navigating compliance and regulatory matters . " In the early days , while we were building Rapyd , we learned that dealing with compliance and regulation was a bigger hurdle than we ’ d anticipated ," he recalls .
His solution was to make Rapyd the compliance and regulation problem solver for other companies , simplifying these issues to facilitate easier crossborder operations .
26 June 2024