
The $250+ million ARR club: Israel’s most lucrative tech startups
28.07.25|Sophie Shulman, Meir OrbachForget flashy valuations, these companies are winning where it counts: revenue and resilience.

Revolut, Rapyd, Mesh, and Airwallex win payment licenses in Israel
23.07.25|Almog AzarNew approvals aim to shake up local banking competition and slash costs for consumers.

Revolut, Rapyd, Mesh, and Airwallex win payment licenses in Israel
23.07.25|Almog AzarNew approvals aim to shake up local banking competition and slash costs for consumers.

Revolut and Rapyd eye Israeli market with lean bank ambitions
10.06.25|Almog AzarTwo fintech giants are in talks with the Bank of Israel as regulators weigh reforms to open the deposit market.

Rapyd’s IPO ambitions gain momentum with $500M raise and PayU purchase
16.03.25|Allon SinaiThe Israeli fintech firm is growing fast—will its market debut be next?

Rapyd raises $500M at $4.5B valuation to complete $610M PayU acquisition
13.03.25|Meir OrbachFollowing the PayU acquisition, Rapyd’s workforce grows to 1,600 employees with revenues surpassing $1 billion.

Rapyd's valuation drops 65% to $3.5 billion as it seeks $300 million in new funds
09.02.25|Meir OrbachThe Israeli fintech unicorn plans to use part of the funds for a payments sector acquisition.

Israel's biggest tech funding rounds of the first 25 years of the 21st century
31.12.24|CTechExploring the mega-deals that propelled Israel’s most promising startups to global prominence.

Fintech unicorn Rapyd prepares to shake up the credit card market
17.12.24|Almog AzarRapyd is seeking a clearing license in Israel to compete with Isracard, Max, and other traditional players.

Rapyd CEO: "We moved to profitability this year and AI will triple our EBITDA margins in the next three years"
24.09.24|Sophie ShulmanArik Shtilman, co-founder and CEO of Rapyd, added that the company is planning to go public in 2026 and that "we plan to automate 70% of back-office services by 2026. This will significantly improve our profitability, as 70% of our costs are personnel-related."

Rapyd lays off dozens of employees, transferring positions from Israel to Eastern Europe, South America
18.06.24|Meir OrbachThe fintech unicorn is cutting 30 positions in Israel and is moving them abroad due to the desire to cut costs

State of the unicorns 2024: Who's ready for an IPO?
10.01.24|Sophie ShulmanFollowing the upheaval in high-tech, entrepreneurs are going to be forced to issue decacorns at a value lower than their last funding round. Besides the blow to the ego, the move hurts the employees' options. The market is currently flooded with unicorns and the competition for investors is intense

Rapyd acquiring payment service PayU GPO for $610 million
01.08.23|Meir OrbachThe Israeli fintech unicorn will finance the purchase through a capital raising of approximately $700 million, which Rapyd will soon complete at the same valuation as its previous funding round

Rapyd appoints financial crime expert Dr. Shlomit Wagman as Global Chief Regulation and Compliance Officer
19.07.23|Meir Orbach“Dr. Wagman's appointment underlines Rapyd’s commitment to maintaining the highest levels of integrity and regulatory adherence in the industry, and her appointment is another major step for Rapyd as the company makes strides towards a future IPO,” said Co-Founder and CEO Arik Shtilman

Fintech giants battling in $500 million PayU bidding war
28.06.23|Meir OrbachInvestment company Prosus is looking to sell PayU and bidders are believed to include Israeli fintech unicorn Rapyd, Canadian payments giant Nuvei, and Worldpay

Rapyd CEO: "I estimate that this year we will grow by 65-70%"
27.06.23|CTechArik Shtilman, CEO of the digital payments unicorn, announced Rapyd’s entry to the Israeli market at Calcalist’s Financial Innovation conference in Tel Aviv

Fintech unicorn Rapyd to continue with acquisitions and recruitment, says CEO
29.11.22|Maayan Manela“We conduct ourselves the way we think we should and if it bothers some people, that's their problem. Our financial performance is excellent and that's why investors really like what we do,” said Arik Shtilman

Fintech unicorn Rapyd set to lay off dozens of employees
22.11.22|Meir OrbachIsrael’s highest-valued startup, which reached a $15 billion valuation earlier this year, could lay off more than 10% of its 900 employees

Rapyd launches Hack the Galaxy challenge; winners to receive trip to the edge of space
07.06.22|Meir OrbachChallenges will be posted in the Rapyd Developer Community every week through October 3, with each solution to reveal a password unlocking an entry to win tickets to the edge of space aboard the Space Perspective Spaceship Neptune

First quarter of 2022 was the best in Rapyd’s history, but we'll soon begin feeling the new reality, says decacorn CEO
12.05.22|Meir OrbachThe Israeli company recently opened new offices in Dubai, but CEO Arik Shtilman knows it won’t be long before the financial slowdown reaches his company. “The small and medium-sized businesses will suffer from the rising interest rates, which will hurt their growth. That will also affect our growth,” he explained