Rapyd, an Israeli fintech startup, has completed a few new deals that will leave the company with a $15 billion valuation, reports Calcalist. If so, Rapyd would become Israel’s (and possibly the world’s) biggest unicorn in history. A unicorn is any startup worth more than $1 billion.
The new unicorns and big investments keep on coming for Israel Startup Nation so Rapyd is in good company. Just last week, StarkWare, an Israeli cybersecurity startup and unicorn that specializes in the development of solutions for enlarging blockchain capacity, hit a $6 billion valuation to become a full-fledged super unicorn. According to a report in Calcalist, the company will hit that valuation once it closes a new $100 million round of funding. And last December. Tipalti, another Israeli fintech unicorn, hit an $8.3 billion valuation when the company raised $270 million in a Series F fundraising round which increased its total capital to a little over $550 million.
And the money is coming in for fintech in general. Also last week, DataRails, an Israeli fintech startup that offers a financial solution designed for SMEs, raised $50 million in a Series B round of investment. DataRails has now brought in a total of $105 million in investments to date.
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Here’s a cool fact: over 77% of consumers in #Iceland shop online 🇮🇸
— Rapyd (@RapydPayments) March 11, 2022
Founded in 2016, Rapyd boats that it does for fintech what the cloud did for IT. The company says that its Global Payments Network connects a company to “all the ways the world likes to pay and the infrastructure to create your own fintech solutions, like ewallets, cards and financial services. With Rapyd, digital sellers in Latin America can accept cash.” Online shoppers in Asia can pay with their favorite ewallet. Businesses can make payouts to companies and individuals anywhere in the world. With 900+ payment methods in 100 countries, clients can open new markets, reach new customers, and create new opportunities anywhere.
“Our powerful Fintech as a Service platforms are the fastest way to integrate fintech and payment capabilities into your applications.”