Israeli fintech company Rapyd has reached a valuation of $15 billion. Calcalist has learned that the company was valued at this figure in several secondary deals over recent months in which early investors sold shares. Rapyd’s investors include BlackRock, Fidelity, General Catalyst, Target Global and Spark Capital. These recent secondary deals make Rapyd Israel’s highest valued private tech company and highest valued fintech company.
Founded in 2015 as CashDash by Arkady Karpman, Arik Shtilman, and Omer Priel, Rapyd offers payment services enabling the transfer of electronic funds across borders through various means of payment, including bank transfers, digital wallets, and cash.
The fintech sector has experienced an unprecedented boom in Israel over recent years. Tipalti raised $270 million at an $8.3 billion valuation last December, while Fireblocks, which provides solutions for the blockchain and crypto sector, raised $310 million in a Series D at an $8 billion valuation three months ago.
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