GATEWAY

Rapyd

We started our journey at Rapyd as a mobile payments company, but soon realized that a much bigger problem existed that needed to be solved. In 2016, we decided to build an e-wallet product that would allow a consumer to withdraw cash from an ATM in any country, without a bank account. We began with just a single country but found it required integration with seven different systems and local services, as well as managing licensing and regulatory requirements, something that simply was not scalable globally. As commerce is becoming increasingly cross-border and at the same time more local, this proved to be a true barrier to innovation.

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