Rapyd is a payments platform that enables businesses to accept, send, and hold funds globally through a single interface, integrating over 900 local payment methods across 190 countries. By simplifying the complexities of cross-border transactions and providing multi-currency business accounts, Rapyd enhances transaction success rates and accelerates onboarding for diverse industries.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+2Founders
Product
Problem
Businesses face complexities in managing global transactions due to the fragmented landscape of local payment methods and varying regulatory requirements across different countries. This can lead to increased transaction costs, lower success rates, and difficulties in expanding into new markets.
Solution
Rapyd offers a unified fintech platform that enables businesses to accept, send, and manage funds globally. The platform integrates a wide range of local payment methods, supports multi-currency business accounts, and provides tools to navigate cross-border transaction complexities. By streamlining payment processes and offering localized solutions, Rapyd helps businesses improve transaction success rates, reduce operational overhead, and accelerate global expansion. The platform's capabilities extend to card acquiring and instant payouts, catering to diverse industries such as e-commerce, online gaming, and the creator economy.
Target Audience
Rapyd's primary customers include businesses in e-commerce, online gaming, marketplaces, and other industries that require global payment solutions.
Features
- Access to over 900 local payment methods across 190 countries.
- Multi-currency business accounts for managing funds in 120+ currencies.
- Directly-licensed card acquiring capabilities.
- Tools for optimizing authorization rates.
- Fast onboarding processes for new clients.
- APIs and SDKs for developers to integrate payment functionalities.