Rapyd Statistics 2026: TPV, Valuation & Licences

Rapyd closed its $610 million acquisition of PayU’s Global Payment Organisation on March 14, 2025, after approval from seven regulatory authorities worldwide. The deal handed the Israeli fintech direct card-acquiring rails into six Latin American countries, plus Nigeria and South Africa, geographies where Stripe and Adyen do not hold local acquiring licences. The data below covers Rapyd’s transaction volume, valuation timeline, customer count, multi-jurisdiction licence portfolio, and how the post-PayU footprint stacks up against Stripe and Adyen.

Key Takeaways

• $610 million PayU GPO acquisition closed March 14, 2025, expanding card acquiring across 6 Latin American countries, plus Nigeria and South Africa.
• Rapyd executes transactions in over 100 countries using more than 1,200 payment methods, with 41 countries licensed or regulated.
• Combined post-PayU workforce reached approximately 1,600 employees with revenues of over $1 billion.
• The merged company serves over 250,000 merchant clients, including Adidas, Google, Ikea, Meta, Netflix, Rappi, and Uber.
• Rapyd holds at least 7 primary regulator-issued licences across Iceland, the UK, Hong Kong, Singapore, Israel, and the US.
• Total funding crossed over $1 billion, including a $500 million March 2025 equity-and-debt round at approximately $4.5 billion valuation.
• Rapyd’s 2026 State of Stablecoins report found 64% of business decision-makers either use stablecoins today or plan to adopt them within the next three years.

Editor’s Choice

• Rapyd’s Series E priced at an $8.75 billion valuation on a $300 million raise led by Target Global.
• Secondary share sales valued Rapyd at approximately $15 billion, the company’s peak.
• Rapyd’s March 2025 round reset the valuation to approximately $4.5 billion, well below the prior $15 billion secondary peak.
• Rapyd’s global payments network is supported by 18 settlement hubs.
• Rapyd-disclosed total payment volume reached $5 billion in 2020 and was on track to pass $20 billion the following year.
• Rapyd Payments Limited was renamed from Valitor Limited on 4 September 2023 under UK Companies House registration 08053178.
• Rapyd Europe hf. carries Iceland licence 500683-0589 issued by the Central Bank of Iceland.

Recent Developments

• March 14, 2025: Rapyd completed the $610 million PayU GPO Latin America and Africa acquisition.
• March 13, 2025: Rapyd closed a $500 million equity-and-debt round at an approximately $4.5 billion valuation.
• September 10, 2025: Rapyd’s Series F closed with backers including BlackRock, Fidelity, and General Catalyst.
• 2025: Rapyd’s Series F raise targets liquidity pools, crypto-as-a-service, fiat on- and off-ramps, and custody.
• 2026: Rapyd published the 2026 State of Stablecoins report; 64% of businesses use or plan to adopt stablecoins within three years.

Rapyd Total Payment Volume Statistics

• Rapyd’s TPV was $5 billion in 2020.
• Rapyd’s Series E disclosure put TPV on target to pass $20 billion that year, a fourfold increase on 2020’s $5 billion volume.
• Post-PayU GPO close in March 2025, Rapyd executes transactions in over 100 countries using more than 1,200 payment methods.
• The combined company supports over 250,000 merchant clients globally.
• CEO Arik Shtilman stated the company had a nearly 100% year-over-year growth rate in 2023.
• PayU GPO’s addition gives Rapyd direct acquiring rails in 6 Latin American countries, plus Nigeria and South Africa.
• The TPV trajectory reflects a pattern across our coverage of 100-plus payment platform statistics: scale follows licence acquisition, not the other way round. Each major Rapyd TPV step-change traces to a closed acquisition, not to organic same-market user growth.

Source: Rapyd press releases, TechCrunch, CalcalisTech

TPV captures movement; the merchant base behind those flows is what captures stickiness.

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Rapyd Customer and Merchant Statistics

• Rapyd had some 12,000 small and medium-sized businesses on its platform, plus 650 large enterprise clients at the Series E disclosure.
• By the August 2023 PayU GPO announcement, the combined entity reached over 250,000 merchant clients globally.
• Rapyd’s named Tier 1 enterprise customers include Adidas, Google, Ikea, Meta, Netflix, Rappi, and Uber.
• PayU GPO’s Latin America footprint served more than 450,000 merchants and more than 2 million credit customers before the carve-out, though the credit customers and the India business stayed with Prosus.
• Rapyd’s Neat acquisition (announced December 2021) added Hong Kong cross-border trade tooling for SMBs and startups.
• Valitor brought European SMB acquisitions across Iceland, the UK, Ireland, and broader Europe at the time of the $100 million definitive agreement.

Source: Rapyd press releases, TechCrunch

Those merchants sit in specific markets, and the map matters more than the headcount.

Rapyd Country and Market Coverage Statistics

• Rapyd executes transactions in over 100 countries post-PayU close.
• Rapyd holds financial-activity permits in 41 countries.
• The company’s combined post-PayU workforce of approximately 1,700 worked across 22 offices worldwide at the August 2023 announcement.
• PayU GPO added direct card-acquiring rails into Mexico, Brazil, Argentina, Chile, Colombia, and Peru, plus Nigeria and South Africa.
• Rapyd’s global payments network spans 18 settlement hubs.
• The post-PayU combined entity operates across Europe, the UK, South America, Asia, and the US, with new operations planned to launch in Israel during 2025.

Source: Rapyd press releases, CalcalisTech

Coverage is one dimension; the breadth of payment instruments is another.

Rapyd Payment Methods and Currencies

• The combined Rapyd + PayU GPO entity supports over 1,200 payment methods, supported by 18 settlement hubs.
• Rapyd merchant clients can accept payments with cards and hundreds of local payment methods.
• Neat’s Hong Kong integration provides FPS, CHATS, and SWIFT rails plus Visa card issuance for SMBs.
• Valitor’s stack added in-store and online payment acceptance, plus card issuing services for European SMB merchants.
• Korta, completed July 7, 2020, is a fully licensed European Merchant Acquirer and principal member of Visa and Mastercard.
• Rapyd’s Series F raise will fund deep liquidity pools, crypto-as-a-service, fiat on- and off-ramps, and custody solutions for the platform.

Source: Rapyd press releases, Ventureburn

Funding that footprint required a specific capital path.

Rapyd Valuation Timeline and Funding Rounds

• Rapyd’s Series D was priced at a $2.5 billion valuation seven months before the Series E.
• Rapyd’s Series E raised $300 million at an $8.75 billion valuation, led by Target Global.
• Secondary share sales valued Rapyd at approximately $15 billion at peak.
• Rapyd’s March 2025 round raised $500 million in a combination of equity and debt financing at an approximately $4.5 billion valuation.
• Total funding for Rapyd crossed over $1 billion with the March 2025 round, one of the largest funding rounds in Israeli tech history.
• A separately reported Series F closed September 10, 2025, with backers including BlackRock, Fidelity, General Catalyst, Target Global, Altimeter, Whale Rock, Dragoneer, Latitude, Durable Capital, Tal Capital, Avid Ventures, and Spark Capital.
• The valuation round-trip from the secondary peak of approximately $15 billion to the March 2025 equivalent round at approximately $4.5 billion represents a sharp drawdown.

By the numbers: Per CTech reporting, Rapyd’s secondary share sales reached $15 billion in March 2022, but the March 2025 round priced the company at approximately $4.5 billion, a 70% peak-to-Series-F drawdown that compressed the valuation back below the August 2021 Series E level.

The valuation reset reflected the operating reality that the revenue line was already exposing.

Is Rapyd publicly traded?

Rapyd remains privately held. The company was founded in 2015, and secondary share sales among existing shareholders established the $15 billion peak valuation rather than a primary capital raise. No IPO has been announced as of the latest filing data.

Rapyd Revenue Statistics

• Post-PayU GPO close, Rapyd reported revenues of over $1 billion.
• At the August 2023 PayU GPO announcement, CEO Arik Shtilman stated the company had a nearly 100% year-over-year growth rate in 2023.
• The UK operating entity, Rapyd Payments Limited (Companies House 08053178), filed its most recent annual accounts made up to 31 December 2024, with its next accounts due by 30 September 2026.
• Rapyd Payments Limited’s last confirmation statement is dated 1 May 2026, with the next due 15 May 2027.
• Rapyd Payments Limited carries SIC code 82990, “Other business support service activities not elsewhere classified”.

Source: CalcalisTech, UK Companies House

Rapyd remains privately held; combined-entity revenue figures come from CEO press disclosures, while UK Companies House provides the line item for the UK operating company only. Headcount tracked the revenue and acquisition pattern.

Rapyd Employee and Headcount Statistics

• Rapyd employed 600 people globally, with 330 in Israel, per the secondary share-sale disclosure.
• The combined Rapyd + PayU GPO workforce reached 1,700 at the August 2023 PayU GPO announcement, working in 22 offices worldwide and representing 50-plus nationalities.
• Following the PayU acquisition close in March 2025, Rapyd’s workforce expanded to approximately 1,600 employees.
• The 2020 Korta acquisition included plans for continued hiring and expansion in Reykjavik across engineering, product, sales, and customer service roles.

Behind the headcount sits the licence portfolio that lets those teams operate across borders. Adyen’s published headcount shows the same metric at a publicly listed peer of comparable European scale.

How many employees does Rapyd have?

Rapyd had approximately 1,600 employees as of the March 2025 PayU GPO completion, down from the 1,700 disclosed at the August 2023 announcement. The reduction reflects expected post-merger integration. The combined entity’s earlier baseline was 600 employees globally, 330 of them in Israel.

Rapyd Regulatory Licences and Multi-Jurisdiction Footprint

• Rapyd Europe hf., the Iceland-domiciled subsidiary, is regulated by the Central Bank of Iceland as an Electronic Money Institution with ID number 500683-0589.
• Rapyd Payments Limited, the UK operating entity, is authorised by the Financial Conduct Authority as an Electronic Money Institution under licence number 900688.
• Rapyd HK Limited holds a Money Service Operator Licence (19-06-02796) and a Money Lenders Licence (0854/2025) from the Hong Kong regulators.
• Rapyd HK Asia Limited holds a Trust or Company Service Providers Licence number TC007913.
• Rapyd Holding Pte. Ltd. is licensed by the Monetary Authority of Singapore as a Major Payment Institution under licence number PS20200311.
• Rapyd Payments Israel Ltd. is registered with the Israeli Securities Authority under registration number 516003837 as a Payment Services License holder.
• Rapyd Financial Technology US Inc. is registered with FinCEN as a Money Services Business with registration number 31000258164740.
• CashDash UK Limited, regulated as an Electronic Money Institution under licence number 900769, is part of the Rapyd group, regulated by the FCA.
• Rapyd Financial Technology US Inc. provides regulated services in partnership with Evolve Trust and Bank and MVB Bank.
• Rapyd Payments Limited was incorporated on 1 May 2012 and was renamed from Valitor Limited on 4 September 2023 under Companies House registration 08053178.

Source: Rapyd regulatory framework disclosure, UK Companies House

Key finding: Per Rapyd’s regulatory framework disclosure, the company carries seven primary regulator-issued licences across the FCA, Central Bank of Iceland, MAS, HKMA, the Hong Kong Companies Registry, the Israeli Securities Authority, and FinCEN, a direct-licensed footprint that outstrips Stripe’s US-state money-transmitter network plus Central Bank of Ireland passport and Adyen’s single Dutch DNB licence with EU passporting.

Rapyd M&A Footprint

• Rapyd completed the Korta acquisition on July 7, 2020, with the announcement dated from London and Reykjavik, Iceland.
• Korta is a fully licensed European Merchant Acquirer and principal member of Visa and Mastercard; deal value was not disclosed.
• Rapyd entered into a definitive agreement with Arion Bank to acquire Valitor for $100 million, subject to regulatory approval.
• Valitor was founded in 1983 and operates as an international payment solutions company providing in-store and online payment acceptance alongside card issuing services to SMB merchants throughout Europe.
• Rapyd’s acquisition of Neat, originally announced in December 2021, added a Hong Kong-based cross-border trade platform for SMBs and startups.
• Rapyd announced the acquisition of PayU’s Global Payment Organisation for $610 million on August 1, 2023.
• The PayU GPO completion was announced on March 14, 2025, following approval from seven regulatory authorities worldwide.
• The PayU GPO sale enabled Prosus to focus on the Indian payments and credit market, where its remaining PayU India arm continues to operate.

Source: Rapyd press releases, TechCrunch

Beyond traditional acquiring, Rapyd’s stablecoin posture is a newly named line of business.

When did Rapyd acquire PayU GPO?

Rapyd announced the PayU GPO acquisition on August 1, 2023, for $610 million and completed the deal on March 14, 2025, after approval from seven regulatory authorities worldwide. The completion came roughly 19 months after signing, reflecting the breadth of regulator review required.

Rapyd Stablecoin Business Statistics

• Rapyd’s 2026 State of Stablecoins report found 64% of businesses surveyed either use stablecoins today or plan to adopt them within the next three years.
• Current utilization among businesses reached 34%, with 48% planning adoption within 12 months.
• 76% of respondents believe stablecoins are either already mainstream or will become mainstream within the next five years.
• Companies with 51-100 employees show the highest current usage at 50%.
• 72% of businesses rank faster payments and settlements as a key benefit, while 62% cite easier cross-border transactions.
• 60% of organizations report cost savings as a primary benefit, and over 83% of businesses rate their trust in stablecoins as moderate to high.
• Rapyd’s Series F use-of-proceeds targets deep liquidity pools, crypto-as-a-service, fiat on- and off-ramps, and custody.

Verticals beneath the stablecoin push shape that merchants Rapyd actually reaches.

Rapyd Industry and Vertical Mix

• Named enterprise clients span retail (Adidas, Ikea), big tech (Google, Meta), streaming (Netflix), mobility (Uber), and food delivery/e-commerce (Rappi).
• The retained PayU India arm, which stayed with Prosus, continues to serve more than 450,000 merchants and more than 2 million credit customers, framing what Rapyd does NOT now serve directly.
• Neat’s Hong Kong integration targets startups and SMBs incorporating in Hong Kong with FPS, CHATS, and SWIFT payment capability, plus Visa card issuance.
• Valitor’s European SMB stack covered in-store and online payment acceptance, plus card issuing across Iceland, the UK, Ireland, and broader Europe.
• Rapyd’s PayU GPO addition gives it merchant acceptance in Brazil, Mexico, Colombia, Argentina, Chile, Peru, Nigeria, and South Africa, markets where Stripe and Adyen do not have local acquiring licences.

Source: Rapyd press releases, TechCrunch

Rapyd Major Customers and Tier 1 Enterprise Clients

• Adidas appears on Rapyd’s named Tier 1 enterprise client list.
• Google is named among Rapyd’s Tier 1 enterprise clients.
• IKEA is listed among Rapyd’s named Tier 1 enterprise clients.
• Meta is named among Rapyd’s Tier 1 enterprise clients.
• Netflix appears on Rapyd’s Tier 1 enterprise client list.
• Rappi is named among Rapyd’s Tier 1 enterprise clients.
• Uber is named among Rapyd’s Tier 1 enterprise clients.

Source: Rapyd PayU GPO acquisition press release

Against that book of business, the peer-set comparison is the most-asked question.

Rapyd vs Stripe vs Adyen Statistics

• Rapyd reports revenue of over $1 billion and approximately 1,600 employees post-PayU close.
• Rapyd holds permits in 41 countries and transacts across over 100 countries.
• Stripe and Adyen do not have local acquiring licences in the Latin America and Africa markets where Rapyd now operates direct-acquiring rails.
• Rapyd holds 7 primary regulator-issued licences across Iceland, the UK, Hong Kong, Singapore, Israel, and the US.
• Rapyd’s regulator-by-regulator stack is the operating equivalent of vertical integration in markets where Stripe and Adyen’s EU-passport models cannot directly issue cards or settle.

Source: Rapyd disclosures (CTech), TechCrunch, CoinLaw Stripe + Adyen Statistics

How does Rapyd compare to Stripe?

Rapyd’s post-PayU baseline of approximately 1,600 employees and revenue of over $1 billion puts it materially smaller than Stripe on both lines, but Rapyd’s direct card-acquiring licences in Latin America and Africa cover markets where Stripe and Adyen do not hold local licences. Stripe leans on US state money-transmitter licences plus the Central Bank of Ireland for EU passporting; Adyen runs on a single Dutch DNB licence with EU passporting.

The Series F use-of-proceeds points where the next round of growth is meant to land.

Rapyd Future Outlook and Series F Use-of-Proceeds

• Rapyd’s Series F raise targets deep liquidity pools, crypto-as-a-service, fiat on- and off-ramps, and custody solutions for the platform.
• Rapyd is preparing new web3 offerings aimed at bridging digital assets and traditional finance across payments, DeFi, and embedded finance.
• Rapyd’s September 10, 2025 Series F backers include BlackRock, Fidelity, General Catalyst, Target Global, Altimeter, Whale Rock, Dragoneer, Latitude, Durable Capital, Tal Capital, Avid Ventures, and Spark Capital.
• Rapyd’s Series F roadmap aligns with the 2026 State of Stablecoins finding that 64% of businesses use or plan to adopt stablecoins within three years.
• Post-PayU operations were planned to launch in Israel during 2025, extending the home-market presence beyond R&D.

Source: Ventureburn, Rapyd State of Stablecoins

Conclusion

Rapyd closed the $610 million PayU GPO acquisition on March 14, 2025, and reset the operating story: over 100 transacting countries, 41 licensed jurisdictions, approximately 1,600 employees, total funding of over $1 billion, and revenues of over $1 billion back the company’s pitch as a fintech-as-a-service stack with regulator coverage deeper than its larger peers. The valuation round-trip from the secondary peak of approximately $15 billion to the March 2025 equivalent round of approximately $4.5 billion represents a steep drawdown that carved off most of the late-cycle froth, while the operating footprint that emerged on the other side is materially bigger than the prior baseline. The math, $4.5 billion against $15 billion, frames the magnitude.

Merchants needing direct card acquiring in regulator-fragmented markets (Latin America, parts of Africa, Hong Kong, Iceland) are the primary beneficiaries of Rapyd’s multi-jurisdiction licence stack, particularly where Stripe and Adyen passport-only models cannot directly license. The Series F use-of-proceeds in stablecoin pay-in and pay-out, custody, and crypto-as-a-service signals where the next product wave lands. Rapyd’s State of Stablecoins survey found 64% business adoption intent within three years, the demand signal Rapyd is positioning against. Merchant balances held by Rapyd’s e-money subsidiaries are NOT covered by deposit insurance schemes; e-money safeguarding rules apply instead, a distinction that matters for treasury teams selecting a payments stack.