Rapyd
Rapyd Financial Network Ltd
Rapyd is a London-based fintech-as-a-service platform offering payment processing, wallets and card issuing (physical and virtual) via APIs. Issued cards are funded by a Rapyd Wallet and run on networks such as Visa and Mastercard (it was the first partner in the Mastercard Fintech Express program). It serves fintechs, enterprises and marketplaces with a global payment network. It has been valued at around $4.5 billion, down from its 2021 peaks.
Data & conditions
| Service type | Card issuing / BaaS |
|---|---|
| Pricing model | Custom quote |
| Card networks | Visa, Mastercard |
| Card types | virtual, physical, prepaid, debit |
| Customer type | Fintech, Enterprise, Marketplace, Platforms |
| Fund custody | Custodial (platform holds funds) |
| Supported countries | US, EEA, UK, APAC, LATAM, MENA, AFRICA |
| Segment | B2B |
| MiCA / License status | EMIMastercard issuing (Fintech Express) |
Strengths
- Full suite (payments, wallets, card issuing) via APIs, with global payment coverage.
- Card issuing on Visa and Mastercard networks; first partner in the Mastercard Fintech Express program.
- No notable sovereignty advantage documented.
Weaknesses
- B2B service: not accessible to private end consumers.
- Valuation down from 2021 (about $4.5B vs a ~$9-10B peak): context worth monitoring.
- Custodial: the platform holds your funds and can freeze or lose them.
Verdict
Score 4.0/5, very strong profile. In its favour: full suite (payments, wallets, card issuing) via APIs, with global payment coverage. The trade-off to weigh: b2B service: not accessible to private end consumers.
On the Sovereignty lens the score is 0.0/5 (weak): the strength is fund control (0.0/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Can an individual use Rapyd?
No. Rapyd is fintech-as-a-service infrastructure for businesses: fintechs, enterprises and marketplaces integrate it into their own products for payments and card issuing.
Does Rapyd custody funds?
Yes, in its operations. Issued cards are funded by a Rapyd Wallet and the platform processes and holds funds in transit on behalf of business clients.
Sources
- Official service page Data verified on Jul 17, 2026
- docs.rapyd.net Data verified on Jul 17, 2026
- research.contrary.com Data verified on Jul 17, 2026