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Payment Startup Rapyd Raises $40 Million

The company's platform supports 65 currency types in more than 170 countries and enables global transfers in real time

Meir Orbach 15:0013.02.19

Israeli fintech startup Rapyd Financial Networks Ltd. formerly known as CashDash, raised a $40 million round, the company announced Wednesday. The round was led by Massachusettes-based venture capital firm General Catalyst and San Fransisco-based online payment company Stripe, Inc. Target Global, who has previously invested in the company, also participated in the round.

 

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Rapyd has developed a payment service that enables the transfer of electronic funds across borders through bank transfers, digital wallets, cash and other means of payment. The company’s network is accessible to more than 2 billion users, according to company statements.

Rapyd's co-founders. Photo: Tomer Hazan Rapyd's co-founders. Photo: Tomer Hazan
Rapyd's platform supports 65 currency types in more than 170 countries and enables global transfers in real time.

 

Founded in 2015, the company has raised $60 million to date.
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