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24/7
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Full list of Israeli high-tech funding rounds in 2024
16:00
CommBox closes $15M round to expand secure AI customer service platform
14:48
How DNA can be used to alter personalities and train employees
14:41
"Success in business is a situation where everyone wins"
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"The next phase for Miami will be an increase in exits"
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Oracle CEO: "If we continue on our current trajectory, reaching a valuation of a trillion dollars is inevitable"
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Once $5 billion IPO bound, Cybereason merges with Trustwave amid decline
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Is your solitaire opponent actually a bot?
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Cloudera acquires Israeli startup Octopai to advance metadata and AI integration
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Rapyd
20 stories about Rapyd
Rapyd CEO: "We moved to profitability this year and AI will triple our EBITDA margins in the next three years"
24.09.24
|
Sophie Shulman
Arik 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 Orbach
The 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 Shulman
Following 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 Orbach
The 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
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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
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Meir Orbach
Investment 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
|
CTech
Arik 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 Orbach
Israel’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
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Meir Orbach
Challenges 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
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Meir Orbach
The 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
Israel’s massive fintech year confirms the sector as a powerhouse
17.03.22
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James Spiro
A new report from Viola Group has highlighted the impact that fintech had on Startup Nation in 2021
Rapyd reaches $15 billion valuation, becomes Israel’s highest valued unicorn
13.03.22
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Meir Orbach
The fintech company, which offers payment services across the world, has seen its value surge six-fold since January 2021
Have tech companies gone too far with exorbitant perks to attract employees?
12.02.22
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Roni Dori
The expensive parties, trips abroad, and other perks at tech companies are causing more and more discomfort for people within the industry. They admit that it embarrasses them, and even causes damage by interfering with their private lives, hurting their work, disrupting priorities and wasting money. Now employees and managers are finally brave enough to explicitly say - enough is enough.
Rapyd completes acquisition of Hong Kong’s Neat
01.02.22
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Yonatan Sredni
The purchase of Neat enables the Israeli Unicorn to offer customers company incorporation in Hong Kong, business accounts, credit cards, and payments services from a single platform
Nir Zuk faces criticism after saying high-earning techies should be heavily taxed
30.12.21
|
CTech
The founder of Palo Alto suggested increasing taxes for high-earning tech employees in order to bridge the gaps in Israeli society, but CEO of Rapyd Arik Shtilman called him out, claiming taxes are one of the reasons for the sector’s workforce shortage
Students are enrolling at ‘Rapyd Academy’ to help enter the job market
04.12.21
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James Spiro
To help get the best talent, companies like Rapyd have established their own academies to internally train young graduates
Fintech startup Anchor raises $15 million Seed round for autonomous billing platform
01.12.21
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Meir Orbach
The Israeli company has developed a SaaS billing solution for B2B service providers
Hunting season: The escalating tech recruitment war
29.10.21
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Diana Bahur-Nir
Huge billboards, parties, massive bonuses, viral videos, and vacations. The battle for tech talent has reached “madness” levels but is it all necessary or are there egos at play?
Unicorn-nation: how Israel became a production line for companies valued at over $1 billion
23.09.21
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Sophie Shulman
Israel has become a unicorn hub, with some local companies nearing $10 billion valuations
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