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Our team represented at ICE365 London 2024! 👏 We had a blast connecting with fellow gaming industry enthusiasts, exploring the latest innovations, and discussing the future of gaming payments at our booth.
When Ambition Unites, Everything Is Possible. 🤾 As a global payments leader, Rapyd knows how to make money move and help businesses win all over the world. We’re proud to sponsor the Icelandic Handball Association and believe investing in the next generation of athletes supports Rapyd’s rich history in Iceland and our mission to play hard and be fair. Our Rapyd Goal Assist scholarship program is now accepting applications, offering 10 exceptional young athletes from the youth national handball team 700,000 ISK grants to further their education and training.
From a post by Rex Salisbury, Founder and General Partner at Cambrian: Rapyd is getting ready to cross $1 billion in revenue...and could be the next Fintech IPO! The growth will come in part from the $600 million acquisition PayU announced over the summer. Crucially, in acquiring PayU, Rapyd made sure that moving payment volumes from PayU clients to Rapyd would not require those clients to write a single line of code. Founder & CEO Arik Shtilman sat down recently with Rex Salisbury, Founder and General Partner at Cambrian, to talked about how Rapyd went from: (1) a failed DTC company => (2) rapid organic growth as a B2B2C platform serving marquee customers like Google & Uber with non-obvious global payment needs => (3) rapid organic + inorganic growth as they continue to serve those customer and acquire other companies. We love this conversation since it pulls on so many threads that are common for founders in fintech about (1) how hard it is to get started (2) how important it is to find your first large customer and serve them well (in this case Uber) and (3) how even at scale you keeping finding new problems that need solving. Enjoy!
Rapyd has entered into a definitive agreement to acquire PayU Global Payment Organization (GPO)! This acquisition marks a momentous turning point for Rapyd – and the entire global fintech industry – and represents an incredible opportunity for Rapyders to take part in something extraordinary. Who is PayU Global Payment Organization (GPO)? PayU Global Payment Organization (GPO) is the payments and fintech business of Prosus (AEX:PRX; XJSE:PRX), one of the world's largest technology investors. It encompasses a broad range of payments business holdings in EMEA and LATAM regions. With approximately 900 committed and talented employees around the world, PayU GPO has established itself as a formidable force in the fintech industry - very similar to Rapyd. Why is this acquisition important? Our strategy has always been clear: to become a global leader in fintech through both organic growth and strategic acquisitions. This agreement with PayU GPO moves us towards that goal, making Rapyd one of the largest and most influential fintech companies worldwide. Together, we offer a single, integrated Fintech-as-a-Service platform that caters to the diverse needs of businesses across the globe, simplifying the challenges of global payments. How does PayU GPO complement Rapyd? PayU GPO product set is well-suited for Rapyd's technology approach: a single integration to local payment networks while further enriching our technology stack.
In June and July 2022 Rapyd kicked off spectacular pride events packed with thought provoking personal stories, stories by LGBTQ+ icons, parades and more. Throughout the events in Israel, Amsterdam, Reykjavik and more we reminded team members of the importance of bringing their authentic selves to Rapyd every day. Our slogan was “Celebrate Who You R”. We can't wait to see what 2023 will bring.
Rapyders from 8 global offices were fast asleep after a 24 jam-packed hour Matrix themed Hackathon event this December in which they pushed themselves to solve some of our biggest business challenges. Our shared goal? To liberate global commerce for all our partners and customers 💸 Together we collaborated, innovated, shared knowledge and charged our offices with positive energy. Participants also managed to sneak in time to enjoy a very happy feast, toast, and some incredibly funny breaks.
In October Rapyders crushed it on stages at the Singapore Fintech Festival, Money 20/20 in Las Vegas, and our first Rapyd Summit in Lisbon. Our incredibly sharp new brand capturing the attention and imagination of everyone at these events. Following the event LinkedIn hosted their B2Believe Marketing Summit in San Francisco and highlighted Rapyd alongside many prominent brands as “Companies with the potential to become the next big B2B brands''. While in Lisbon we wrapped up our Hack-the-Galaxy competition; in case you missed it, over the past year we gathered more than 50,000 developers in our new Rapyd developer community (https://community.rapyd.net/) and took them for a wild ride, including a massive hackathon experience. In Lisbon we crowned the Greatest Fintech Developers in the world.
In January 2022 we celebrated another significant step in Rapyd’s mission to provide world-class fintech solutions on a global scale by acquiring Neat, a Hong Kong-based platform that makes international trade more accessible to entrepreneurs, SMBs and ambitious young companies from across the globe. By acquiring Neat, Rapyd expanded its APAC and Greater China coverage, and began offering small and medium businesses the ability to: - Incorporate new companies in minutes and streamline receivables and payables in a single venue. This will begin in Hong Kong, and soon launch in other trade-friendly markets around the world - Offer real-time, high value payments in Hong Kong via FPS, CHATS, and SWIFT - Accelerate payments to suppliers across Greater China - Empower smart business and employee spending via virtual and physical Visa cards As a Rapyd company, Neat customers now have access to 900 payment methods in over 100 countries and global payouts in over 200 countries offered through the Rapyd Global Payments Network.
In July 2002 Rapyd was thrilled to announce that we acquired Valitor, an Icelandic payment solutions company. By acquiring Valitor, Rapyd expanded our card payment capabilities throughout Europe, establishing Iceland as our European hub and continuing to grow our investments in the country. This marked the largest acquisition Rapyd ever completed and the continuation of our mission to provide world-class fintech solutions on a global scale.
In May 2022 Rapyd hosted a grand opening event at our 10th global office in Dubai! Leading up to the opening, we ran a massive month-long billboard campaign in Dubai featuring marketing messaging on almost 300 billboards and signs around the city. Our goals in Dubai are to establish brand awareness for business opportunities and recruit / generate recruiting leads. This is a super bold move and was never done before by an Israeli company in Dubai, On the launch day more than 20 new team members hailing from India, Israel and Poland attended alongside noteworthy figures such as the Israeli Consul General, Indian Consul General, CEO of the DIFC, Chief Rabbi of the UAE, and the Founder & Managing Partner of Tal Capital. The office will continue to expand to become an R&D hub in the region. Read all about the office opening here: https://fastcompanyme.com/news/rapyd-debuts-in-dubai-to-tap-into-cross-border-commerce/ Check out our marketing campaign here: https://www.youtube.com/watch?v=0sSvcsi5oFo
