Rapyd ECONOMIC

Supply Chain & Sourcing Relationships

• Rapyd’s documented activity in the reviewed materials is payment infrastructure, including payment-services regulation and Israeli card-acquiring integration, rather than goods retail, distribution, or import activity ^{1, 2}.

• No public evidence identified of direct procurement from Israeli agricultural exporters, importer-of-record activity, seasonal-produce sourcing, or third-party sourcing of Israeli-origin goods ^{1, 2}.

• No public evidence identified of Rapyd operating a physical supply chain involving warehouses, product distribution, or settlement-origin merchandise ^{1, 3}.

Product Origin, Labeling & Regulatory Compliance

• Rapyd’s reviewed regulatory materials identify payment-services licensing and group entities, but do not describe Rapyd as handling, importing, labeling, or retailing consumer goods ^{1, 3}.

• No public evidence identified of Rapyd handling or retailing settlement-origin goods, or maintaining a product-origin labeling policy ^{1, 3}.

• Rapyd’s Israel-acquiring documentation describes integration with SHVA for domestic Israeli card acquiring and Israeli-shekel instalment payments, rather than a product-origin or goods-labeling service ⁴.

Investment, Capital & Financial Exposure

• Rapyd’s published subsidiary and sub-processor list identifies Rapyd Financial Network (2016) Ltd. and Rapyd Payments Israel Ltd. as Israeli group affiliates ³.

• Rapyd identifies Rapyd Payments Israel Ltd., registration number 516003837, as an Israeli payment-services entity regulated by the Israeli Securities Authority and located at 132 Begin Street, Tel Aviv ¹.

• Rapyd’s January 2021 Series D announcement reported a US$300 million round led by Coatue and named Spark Capital, Avid Ventures, FJ Labs, Latitude, General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital, and Entrée Capital as investors ⁵.

• The disclosed 2021 Series D announcement does not provide share classes, ownership percentages, beneficial owners, or control rights ⁵.

• Globes reported that Rapyd raised a further US$300 million Series E round in August 2021, led by Target Global, with participation by funds managed by Fidelity, Altimeter, Whale Rock, BlackRock, and Dragoneer, as well as existing investors ⁶.

• Rapyd announced the acquisition of Hong Kong-based Neat in 2021, without disclosing a purchase price in the cited announcement ⁷.

• Rapyd announced the proposed acquisition of Icelandic payment company Valitor for US$100 million in July 2021, subject to regulatory approval ⁸.

• Rapyd announced its acquisition of PayU GPO for US$610 million in August 2023, excluding PayU businesses in India, Turkey, and Southeast Asia ⁹.

• Startup Nation Central reported that Rapyd acquired Valitor and European card acquirer Korta in 2020, neither of which it described as an Israeli operating-company acquisition ¹⁰.

• No public evidence identified that Rapyd underwrote Israeli sovereign debt or Israel Bonds, extended lending or trade finance to Israeli defence primes or OHCHR-listed enterprises, insured Israeli state, military, or settlement operations, or held a disclosed portfolio of Israeli sovereign bonds, arms companies, or settlement-active companies.

Operational Presence & Market Activity

• Rapyd identifies Rapyd Payments Israel Ltd. as a licensed Israeli payment-services entity at 132 Begin Street, Tel Aviv ¹.

• Rapyd’s country-specific privacy terms identify Rapyd Payments Israel Ltd. as controller for personal data processed through its local Israeli business at the Tel Aviv address ¹¹.

• Rapyd’s September 2025 privacy policy states that personal data may be processed or stored in Israel and identifies multiple group entities, including Rapyd Financial Network (2016) Ltd. and Rapyd Payments Limited ¹².

• Rapyd’s August 2023 PayU GPO announcement listed Tel Aviv among its office locations and described the combined business as having 1,700 employees across 22 offices, without assigning a workforce figure to Israel ⁹.

• The Bank of Israel announced in 2026 that “RAPYD Israel Payments Ltd.” had completed connection to the SHVA-operated retail payment-card system under identification code 75 ¹³.

• The Bank of Israel characterized the additional payment-system connections as measures intended to promote competition and innovation in Israel’s payments market, rather than providing a quantified Rapyd market-share figure ¹³.

• Rapyd’s developer documentation states that its Israel-acquiring service integrates with SHVA and supports domestic Israeli card acquiring, including instalment functionality settled in Israeli shekels ⁴.

• No public evidence identified of a Rapyd office, warehouse, customer-support centre, merchant operation, reseller, or payment-service operation in a West Bank settlement, East Jerusalem settlement, or the Golan Heights.

Corporate Structure & Foundational Ties

• Rapyd’s current group list includes affiliates in Israel, the United Kingdom, Singapore, Dubai, the United States, Iceland, and Hong Kong, but does not state ownership percentages or identify a group parent ³.

• Rapyd’s privacy policy identifies Rapyd Financial Network (2016) Ltd., Rapyd Payments Limited, Neat Limited, Rapyd Holdings Pte Ltd., CashDash UK Limited, and Rapyd Europe hf. within its group ¹².

• Rapyd identifies Arik Shtilman as co-founder and chief executive officer in its 2021 and 2023 acquisition announcements ^{7, 8, 9}.

• Rapyd’s Valitor FAQ states that Valitor hf. and Rapyd Europe hf. were to merge with Valitor hf. as the surviving entity, subsequently renamed Rapyd Europe hf. ¹⁴.

• No public evidence identified of an ultimate parent, a definitive group legal domicile, Israeli state ownership, government board appointments, critical-national-infrastructure designation, golden-share arrangements, or governance provisions structurally tying Rapyd to Israeli state policy ^{1, 3}.

• No primary company extract was obtained for either identified Israeli affiliate, leaving incorporation details, directors, shareholders, beneficial ownership, registered-address records, and company status unverified ¹⁵.

Profit Repatriation & Economic Contribution

• Rapyd’s reviewed public materials establish an Israeli regulated payment-services presence and a connection to Israel’s retail payment-card system, but do not quantify Israel-specific revenues, profitability, taxes, investment, or employment ^{1, 13}.

• No public evidence identified of Israel-specific profit repatriation flows, tax paid in Israel, Israeli workforce size, preferred-technology-enterprise status, Israeli revenue, or Israeli profitability.

• The Bank of Israel’s 2026 announcement states that additional participants saw an opportunity to operate and invest in Israel’s market, but it does not quantify Rapyd’s investment, revenues, employment, taxes, or economic contribution ¹³.