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Rapyd reaches $15 billion valuation, turns into Israel’s highest valued unicorn

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Israeli fintech firm Rapyd has reached a valuation of $15 billion. Calcalist has discovered that the corporate was valued at this determine in a number of secondary offers over latest months during which early traders bought shares. Rapyd’s traders embody BlackRock, Constancy, Basic Catalyst, Goal International and Spark Capital. These latest secondary offers make Rapyd Israel’s highest valued non-public tech firm and highest valued fintech firm.

Based in 2015 as CashDash by Arkady Karpman, Arik Shtilman, and Omer Priel, Rapyd affords fee companies enabling the switch of digital funds throughout borders by numerous technique of fee, together with financial institution transfers, digital wallets, and money.

Rapyd raised $300 million at a $10 billion valuation in its Collection E final August. The corporate has raised $960 million in whole up to now, $160 million of which in secondary offers. Rapyd accomplished a $400 million funding spherical at a valuation of $2.5 billion in January of 2021.
Rapyd introduced final June that it was launching Rapyd Ventures, its new enterprise arm that can give attention to investing in early and growth-stage companies creating monetary companies innovation. Rapyd employs 600 individuals globally, together with 330 in Israel. It plans to recruit a whole lot of recent staff within the close to future.

The fintech sector has skilled an unprecedented increase in Israel over latest years. Tipalti raised $270 million at an $8.3 billion valuation final December, whereas Fireblocks, which gives options for the blockchain and crypto sector, raised $310 million in a Collection D at an $8 billion valuation three months in the past.

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