The Fintech Blueprint How to build a $60B volume global payments platform, with Rapyd CEO Arik Shtilman
Lex chats with Arik Shtilman, CEO of Rapyd - a leading fintech-as-a-service platform. In this episode, Shtilman discusses his background in technology and financial services, as well as the journey of building Rapyd into a leading payment company. He talks about the challenges of starting a consumer payment company and the pivot to becoming a fintech-as-a-service platform. Shtilman explains the importance of building a global business and the need for a platform that enables companies to build financial services at scale. He also discusses the growth of different products within Rapyd, such as the wallet and payment collection capabilities, and the importance of serving marketplace structures. Shtilman shares insights on failure modes in fintech, including the challenges of onboarding SMB clients and the complexities of high-velocity payment processing in the cloud. He also discusses the impact of COVID-19 on the fintech sector and the outlook for financial recovery. Finally, Shtilman highlights the increasing role of developers in the buying process and the importance of building relationships with developers through developer communities and tailored documentation.
MENTIONED IN THE CONVERSATION
Rapyd's Website: https://bit.ly/3EVv0ei
Arik's LinkedIn profile: https://bit.ly/45efpBg
Topics: fintech, fintech-as-a-service, payments, VOIP, Cloud, API, embedded banking
Companies: Rapyd, PayPal, Brex, RobinHood, Stripe
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TIMESTAMPS
1β22β: Navigating the early career: Entering technology and financial services
5β03β: Global business expansion: Strategies and expanding geographical reach, touching on Rapyd
8β33β: Evaluating opportunities: The quest for the ideal fintech platform
10β41β: Identifying the gap: Exploring unmet needs in the fintech platform landscape
15β52β: Landing marquee clients: The go-to-market journey of a fintech platform
19β12β: Driving growth: Exploring fintech product expansion and the mechanics of cross-border payments
25β02β: Beyond borders: Navigating the payments landscape and the global e-money licensing surge
28β46β: Investing in marketplace structures: Admired companies, lessons learned, and avoiding fintech failure modes
34β44β: COVID acceleration and financial recovery in fintech: Navigating strategic direction errors and shifting landscapes
38β42β: Empowering developers: Rapyd's role in the shift from financiers to developers
41β25β: The channels used to connect with Arik & learn more about Rapyd
Disclaimer here β this newsletter does not provide investment advice and represents solely the views and opinions of FINTECH BLUEPRINT LTD.
Contributors: Lex, Laurence, Matt, Farhad, Mike, Daniella
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