Rapyd, a global Fintech-as-a-Service company, announced the launch of Rapyd Ventures, its new venture arm that will focus on investing in early and growth stage businesses.
The new venture arm will be led by Joel Yarbrough, MD of Rapyd Ventures and Rapyd’s VP of Asia Pacific.
Rapyd Ventures will largely work with startups after their seed round and through Series B funding that have unique market and customer insights and are expanding on existing market traction.
In addition to capital, Rapyd Ventures will provide access to its extensive Fintech-as-a-Service capabilities and network of partners, offering startups strategic advice and giving them opportunities to move faster, expand more quickly, and accelerate their growth.
The venture arm will look at two types of projects. The first being capability providers delivering core infrastructure in areas where the market is going, including identity and risk management, faster and more seamless money movement and embedded financial services;
It will also focus on end-user platforms that are directly providing innovative financial services to consumers and businesses around the world.
Arik Shtilman
“The innovations that we are seeing in the payments industry are not evenly distributed.
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We believe we have a mission and responsibility to support companies building both the infrastructure for next generation financial services, as well as innovators building on top of these new capabilities around the world, and to accelerate their development,”
said Arik Shtilman, CEO and Co-Founder of Rapyd.
Joel Yarbrough
“We are engaging with entrepreneurs around the world to create the enabling infrastructure for next-generation financial services and bring to the market new fintech products that create opportunities for individuals, small, and large businesses to transact with lower friction, more quickly, safely, and in new ways.”
said Joel Yarbrough, MD of Rapyd Ventures and VP of Asia Pacific.
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Featured image: Joel Yarbrough, MD of Rapyd Ventures and VP of Asia Pacific
The post Rapyd Creates Venture Arm to Invest in Early Stage Fintech Startups appeared first on Fintech Singapore.
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