Rapyd brings the future of fintech to Dubai

Rapyd brings the future of fintech to Dubai

Rapyd will bring the future of FinTech to Dubai by providing local merchants with cutting-edge solutions to send, receive and simplify payments in the region and anywhere worldwide. The game-changing move will empower merchants to enhance their cross-border payment capabilities and grow their businesses globally. This market entry will enable Rapyd to reinforce its mission to enable businesses, of any size, to make local payments anywhere in the world.

Rapyd aims for Dubai to become a development hub to support its vast expansion and growth needs. Rapyd officially opened the doors to its Dubai office located in the heart of the Dubai International Financial Centre on May 11, 2022. It has ambitious plans to hire 120 employees in Dubai across the R&D, product, operations and HR departments within the next 18 months.

The UAE aims to become home to 20 unicorns–tech companies worth $1 billion or more by 2031, according to the UAE Entrepreneurial Nation initiative. Marking the next step in Rapyd’s unparalleled global expansion as a decacorn, this move further reiterates Rapyd’s commitment to the region as it opens its new development hub in Dubai to support the business’ vast expansion across the entire UAE and beyond.

Arik Shiltman, CEO of Rapyd,