Rapyd Ventures News
3 articles
growth-positive
New approvals aim to shake up local banking competition and slash costs for consumers.
The Israel Securities Authority has granted payment licenses to four international fintech companies, including Revolut, Rapyd, Mesh Payments, and Airwallex, to operate in Israel. This move is expected to significantly expand their operations and introduce competition to services traditionally offered by local banks. Revolut, a British fintech giant, has hired Uri Nathan to lead its Israeli operations. The new licenses allow these companies to offer services such as fund transfers, digital wallets, and interest on deposits, despite initial opposition from the Bank of Israel. The licenses aim to lower costs for Israeli consumers and facilitate easier money transfers abroad.
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growth-positive
Rapyd Launches a Venture Arm to Propel Digital Commerce and Payment Innovation Globally
Fintech-as-a-Service company, Rapyd, has announced the launch of Rapyd Ventures, its new venture arm that will focus on investing in early and growth stage businesses that are delivering the next wave of financial services innovation. The venture arm will be led by Joel Yarbrough, MD of Rapyd Ventures and Rapyds VP of Asia Pacific. Rapyd Ventures will work with startups after their Seed round and through Series B funding, providing them with strategic advice and opportunities to accelerate their growth.
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growth-positive
Rapyd Launches Venture Arm To Invest In Early-Stage Fintech Startups
Rapyd, a global fintech-as-a-service provider, has launched a venture arm called Rapyd Ventures to invest in early and growth-stage businesses in the financial services sector. Rapyd Ventures will provide capital, strategic advice, and access to its fintech-as-a-service capabilities and network of partners. The first investment from Rapyd Ventures is in Gotrade, a fractional shares trading platform. Rapyd itself was founded in 2015 and offers a platform that embeds fintech services into any application, simplifying local payment methods through its Global Payments Network.
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