Rapyd MILITARY

Direct Defence Contracting & Procurement

Rapyd’s public materials identify its Israeli regulated entity, Rapyd Payments Israel Ltd., as a payment-services licensee regulated by the Israeli Securities Authority, rather than as a defence supplier ¹.

The Bank of Israel reported on 26 April 2026 that RAPYD Israel Payments Ltd. had begun operating in the core systems of Israel’s financial realm through connection to the SHVA-operated payment-cards system, a civilian retail-payment function that does not identify a military or security end user ².

No public evidence identified of a Rapyd contract, tender award, framework agreement, memorandum, or announced cooperation with the Israeli Ministry of Defense, IDF, Israel Police, Border Police, Israel Prison Service, or another Israeli-security body.

The reviewed SIBAT / Israeli Ministry of Defense directory did not yield a verified Rapyd procurement or supplier record ³.

Dual-Use Products & Tactical Variants

Rapyd publicly describes its activities as payment services and embedded-finance infrastructure, including acquiring, payouts, card issuing, business accounts, payment processing, and multi-currency capabilities ^{1, 4}.

No public evidence identified of tactical, ruggedised, mil-spec, targeting, weapons-integration, or other defence-specific Rapyd product variants.

No public evidence identified of Israeli-security end-user certification, military export licensing, or export-control decisions concerning Rapyd products.

A May 2025 interview with CEO Arik Shtilman discussed AI in relation to fraud detection, compliance automation, onboarding, transaction analysis, and payment flows rather than kinetic, targeting, or fire-control uses ⁵.

Heavy Machinery, Construction & Infrastructure

No public evidence identified that Rapyd equipment or services were used in settlement construction, demolitions, barrier works, checkpoints, military installations, detention sites, or other occupied-territory infrastructure.

No public evidence identified of Rapyd construction, engineering, maintenance, servicing, or facilities contracts for Israeli military, detention, checkpoint, or settlement sites.

The supplied document-scoped review reported no Rapyd mention in the specified OHCHR settlement-business database checks, but this does not establish absence from all settlement-related activity ⁶.

Supply Chain Integration with Defence Primes

No public evidence identified of Rapyd supplying components, subsystems, manufacturing services, payment infrastructure, or other services to Elbit Systems, Israel Aerospace Industries, Rafael, IMI/Elbit Land, or another identified Israeli defence prime.

No public evidence identified of joint development, co-production, technology transfer, licensed manufacturing, or a verified supplier relationship between Rapyd and an Israeli defence manufacturer.

Rapyd’s own public description characterises its business as financial-services infrastructure rather than industrial production or defence systems supply ⁴.

Logistical Sustainment & Base Services

No public evidence identified of Rapyd providing transport, freight, port services, catering, fuel, telecommunications, facilities, or payment services under a verified contract for an IDF base, security installation, detention facility, or military-cargo operation.

The reported SHVA connection concerns civilian payment-card infrastructure and provides no demonstrated military-logistics connection ².

In March 2024, Walla reported that dozens of Rapyd employees joined Maccabi Tel Aviv, “Brothers for the Symbol,” and The Gate to pack more than 4,000 Purim parcels for distribution to soldiers, war-wounded people, elderly people, and children facing social difficulties ⁷.

The Walla report described this as volunteer activity and did not state that Rapyd funded it, supplied the IDF, or held a contract with a security body ⁷.

Munitions, Weapons Systems & Strategic Platforms

No public evidence identified that Rapyd manufactures, integrates, maintains, finances under a named programme, or supplies components for munitions, missiles, aircraft, armoured vehicles, drones, naval platforms, guidance systems, fire-control systems, targeting systems, or other strategic defence platforms.

Rapyd’s published offering is payment and embedded-finance infrastructure, which does not itself establish involvement in weapons-system production or sustainment ^{1, 4}.

No public evidence identified of military AI designed for targeting, weapons effects, or operational combat integration.

Export Licensing, Regulatory & Legal History

Rapyd Payments Israel Ltd. is identified as holding Israeli Payment Services License registration no. 516003837 under supervision of the Israeli Securities Authority ¹.

This civilian payment-services authorisation is not evidence of a defence export licence or security procurement relationship ¹.

No public evidence identified of a Rapyd defence-export licence grant, refusal, suspension, revocation, sanctions or enforcement action, arms-embargo investigation, or court proceeding concerning defence supply to Israel.

Rapyd’s disclosed group structure includes entities in Israel, the United Kingdom, Singapore, Dubai, the United States, Iceland, and Hong Kong, alongside locally named operating entities in additional jurisdictions ^{8, 9}.

UK Companies House records Rapyd Payments Limited under company no. 08053178 and records its 4 September 2023 name change from Valitor Limited ¹⁰.

Rapyd’s August 2021 Series E announcement stated that the financing followed its acquisition of Valitor ¹¹.

Civil Society Scrutiny & Documented Investigations

The supplied deterministic pre-scan reported no Rapyd mention in the specified OHCHR 2023 and 2025 settlement-business databases, A/HRC/59/23, and the named PAX, Al-Haq, Amnesty, Human Rights Watch, BankTrack, BDS, KLP, and Who Profits reports; these are report-scoped non-mentions rather than database-wide findings ⁶.

No public evidence identified in the reviewed material of an organised boycott, divestment, exclusion, or NGO investigation specifically alleging Rapyd defence-sector supply to Israeli state bodies.

No public evidence identified of a public Rapyd statement responding to alleged defence-supply or occupied-territory activity.

Rapyd’s public leadership page identifies Arik Shtilman as CEO and names senior executives including Omer Priel, Arkady Karpman, Eran Nachshon, Marc Winitz, Gardar Stefansson, Nir Mlynarsky, Yoav Lande, and Robert Gray ⁴.

Startup Nation Central identifies Shtilman and Priel as Rapyd co-founders, respectively CEO and GM of Rapyd DNA ¹².

In the May 2025 interview, Shtilman said he spent three years in the Israeli military after high school, while the source did not identify a unit, role, reservist status, defence-industry position, donation, or military-channel act ⁵.

No public evidence identified in the bounded research of a named Rapyd founder or executive holding a defence-industry directorship, holding documented equity in an Israeli defence prime, making a documented defence-channel donation, or making a verified public co-belligerency statement.

Rapyd’s 2021 financing announcement listed Target Global as Series E lead and named investors including Fidelity, Altimeter, Whale Rock, BlackRock, Dragoneer, General Catalyst, Latitude, Durable Capital Partners, Tal Capital, Avid Ventures, Spark Capital, Stripe, Oak HC/FT, Coatue, and Tiger Global, without establishing present ownership percentages or control ¹¹.