Total amount raised
$770 Million
Latest funding date
3/1/2022
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.
What Is Rapyd?
Rapyd is a fintech company based in London, England, specializing in global payment processing and financial technology solutions. Founded to simplify the complex offering of local payment methods, Rapyd integrates fintech services into any application.
The company operates in the Financial Services, FinTech, Mobile Payments, and Payments industries. With a workforce of 501-1000 employees, Rapyd has established itself as a significant player in the fintech sector, offering solutions for various industries and emphasizing ease of integration and fast onboarding.
How Much Funding Has Rapyd Raised?
- Series B
- Amount Raised: USD 40,000,000
- Date: February 2019
- Lead Investors: General Catalyst, Stripe
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand business operations and enhance product offerings.
- Series C
- Amount Raised: USD 100,000,000
- Date: October 2019
- Lead Investors: Oak HC/FT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C
- Amount Raised: USD 20,000,000
- Date: December 2019
- Lead Investors: Durable Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop financial technology solutions.
- Series D
- Amount Raised: USD 300,000,000
- Date: January 2021
- Lead Investors: Coatue, Tal Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand global reach.
- Secondary Market
- Date: January 2021
- Lead Investors: FJ Labs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series E
- Amount Raised: USD 300,000,000
- Date: August 2021
- Lead Investors: Tal Ventures, Target Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic acquisitions and product development.
- Secondary Market
- Date: March 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to shareholders.
- Series Unknown
- Amount Raised: USD 500,000,000
- Date: March 2025
- Valuation at Round: USD 4,500,000,000
- Motivation Behind the Round: To finance the acquisition of PayU and expand global operations.
- Debt Financing
- Date: March 2025
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing business operations and strategic initiatives.
- Series F
- Date: September 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the business and enhance technological capabilities.
Total Amount Raised: USD 1,560,000,000. Current Valuation: USD 4,500,000,000.
Key Investors
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. It has a strong track record of supporting innovative startups and helping them scale.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Airbnb, Stripe, Snap.
- Prosus
- Details: Prosus is a global consumer internet group and one of the largest technology investors in the world. It focuses on building leading companies in high-growth markets.
- Investment Focus Areas: Online classifieds, food delivery, payments, fintech.
- Notable Investments: Tencent, Delivery Hero, OLX Group.
- Tal Ventures
- Details: Tal Ventures is a venture capital firm that invests in technology-driven companies. It aims to support entrepreneurs in building market-leading businesses.
- Investment Focus Areas: Technology, fintech, healthcare.
- Notable Investments: Not publicly disclosed.
- Target Global
- Details: Target Global is an international investment firm headquartered in Berlin, with over $1 billion in assets under management. It focuses on investing in fast-growing tech companies.
- Investment Focus Areas: Fintech, mobility, health tech.
- Notable Investments: Auto1, Delivery Hero, WeFox.
- Oak HC/FT
- Details: Oak HC/FT is a venture and growth equity firm that invests in healthcare and financial technology companies. It aims to partner with entrepreneurs to build transformative businesses.
- Investment Focus Areas: Healthcare, fintech.
- Notable Investments: Not publicly disclosed.
What's Next for Rapyd?
Rapyd's acquisition of PayU opens up vast opportunities for the company. With the ability to execute transactions in over 100 countries and integrate more than 1,200 payment methods, Rapyd is poised to significantly expand its global footprint. This expansion is expected to boost annual revenues beyond $1 billion and increase the workforce to 1,600 employees.
Future fundraising opportunities are likely as Rapyd aims to regain its previous valuation levels. The company may attract substantial investment to support further expansion and technological advancements. However, challenges such as integrating PayU’s operations and navigating regulatory requirements in multiple countries could pose significant hurdles.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Rapyd and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
