Total amount raised
$1.28B
Latest funding date
2025-09-29
Location
Rapyd has successfully raised funds through 11 rounds, with the latest being a Series F round. The company is backed by 25 investors, including recent investors Funders and General Catalyst.
Keep reading to explore the intricacies of Rapyd's fundraising journey and the investors backing this innovative platform.
Rapyd has raised over $1.01 billion across multiple funding rounds, backed by investors including General Catalyst, Target Global, Coatue, BlackRock, Fidelity, Dragoneer, and Stripe, among others.
Keep reading to explore Rapyd's full fundraising journey, from its early Seed round to its landmark Series F.
What Is Rapyd?
Rapyd is a global fintech infrastructure company headquartered in London, UK (with offices in the US and Israel). Founded in 2016, Rapyd provides a \"Fintech as a Service\"platform that enables businesses to embed payment, payout, and financial services capabilities through a single API. Its global payments network spans 100+ countries, supporting local payment methods, digital wallets, bank transfers, and cash payments. Following its 2025 acquisition of PayU, Rapyd serves merchants, marketplaces, and enterprises worldwide.
How Much Funding Has Rapyd Raised?
- Series A
- Amount Raised: $15,000,000 (USD)
- Date: January 2018
- Lead Investors: Target Global, SBI Group, IGNIA
- Series B
- Amount Raised: $40,000,000 (USD)
- Date: February 2019
- Lead Investors: General Catalyst, Stripe
- Other Participants: Target Global, IGNIA
- Series C
- Amount Raised: $100,000,000 (USD)
- Date: October 2019
- Lead Investors: Oak HC/FT
- Other Participants: Tiger Global Management, Coatue, General Catalyst, Entrée Capital, Target Global, Stripe
- Series C Extension
- Amount Raised: $20,000,000 (USD)
- Date: December 2019
- Lead Investors: Durable Capital Partners
- Series D
- Amount Raised: $300,000,000 (USD)
- Date: January 2021
- Lead Investors: Coatue
- Other Participants: Spark Capital, Avid Ventures, FJ Labs, Latitude, General Catalyst, Oak HC/FT, Tiger Global, Target Global, Durable Capital Partners, Tal Capital, Entrée Capital
- Series E
- Amount Raised: $300,000,000 (USD)
- Date: August 2021
- Lead Investors: Target Global
- Other Participants: Fidelity Management and Research Company, Altimeter Capital, BlackRock Funds, Whale Rock Capital, Dragoneer, General Catalyst, Durable Capital Partners, Tal Capital, Avid Ventures, Spark Capital, Latitude, Stripe
- Series F
- Amount Raised: $500,000,000 (USD)
- Date: March 2025 (initial close); expanded through September 2025
- Valuation: $4.5 billion
- Lead Investors: Undisclosed (no lead investor publicly identified)
- Other Participants: BlackRock, Fidelity Management and Research Company, General Catalyst, Target Global, Dragoneer Investment Group, Altimeter Capital, Whale Rock Capital, Durable Capital Partners, Tal Capital, Avid Ventures, Spark Capital, Latitude, XBO Ventures
Total Amount Raised: At least $1.28 billion based on disclosed funding rounds.
Key Investors
- General Catalyst
- Details: General Catalyst is a global venture capital firm backing transformative companies. It has participated in Rapyd's Series B, D, E, and F rounds.
- Target Global
- Details: Target Global is an international VC firm with a strong focus on fintech and technology. It led Rapyd's Series E and has been an investor since the early rounds.
- Coatue
- Details: Coatue is a technology-focused investment manager that led Rapyd's Series D round in January 2021.
- BlackRock
- Details: BlackRock, the world's largest asset manager, participated in Rapyd's Series E and Series F rounds.
- Fidelity Management and Research Company
- Details: Fidelity participated in both the Series E and Series F rounds, supporting Rapyd's global expansion.
- Dragoneer Investment Group
- Details: Dragoneer is a San Francisco-based investment firm that joined Rapyd's Series E and continued participation in the Series F.
- Durable Capital Partners
- Details: Durable Capital Partners led a Series C extension in December 2019 and has participated in multiple subsequent rounds.
- Oak HC/FT
- Details: Oak HC/FT led Rapyd's Series C in October 2019 and has been a key institutional supporter of the company's growth.
- Stripe
- Details: Stripe, the global payments company, co-led Rapyd's Series B alongside General Catalyst and has been a strategic partner.
What's Next for Rapyd?
Rapyd's acquisition of PayU marks a pivotal moment in its global expansion strategy. With over $1 billion raised and a valuation of $4.5 billion, Rapyd is positioning itself as one of the leading fintech infrastructure providers worldwide. The company continues to invest in its payment network, expand into new markets, and develop innovative financial services products to serve a growing base of enterprise and marketplace clients globally.
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