back Back

Rapyd introduces $100 million Miami Tech Power Initiative

By Pavithra R

March 22, 2021

  • India
  • Rapyd
Share

Rapyd introduces $100 million Miami Tech Power initiative
Eric Rosenthal, Vice President and Managing Director of the Americas for Rapyd

Rapyd, a global FinTech as a Service company has announced its ‘ $100 Million Miami Tech Power Initiative’, a new initiative with the City of Miami to bolster the growing technology and startup industry. 

Under the program, Rapyd will waive payment processing fees of up to $5 mn for 20 companies, $100 mn in total, for companies interested in relocating and for companies already based in the city. The program will be launched in Miami first and will be rolled out in other emerging technology centers across the country in the future. The program aims to strengthen the tech ecosystem and empower companies to expand their global digital footprint. 

“The world is becoming more ‘local’ with an increased focus on creating authentic experiences. Rapyd specializes in connecting business and consumers no matter where they are located or what they do, starting in local markets and expanding into strong global connections to break down boundaries. We see that Miami is rapidly becoming a central destination for technology development. Our goal is to work with local ecosystems that are looking to change the way business is done globally and make investments to help power that growth. Miami represents this “shift” as a rapidly emerging destination of technology development and innovation which is why Rapyd is making this investment in the local ecosystem,” said Eric Rosenthal, Vice President and Managing Director of the Americas for Rapyd. 

Miami’s tech ecosystem has undergone a tremendous acceleration in the past years as a center of innovation and an environment that is friendly to startups and established businesses looking to grow. The new initiative from Rapyd, in collaboration with the City of Miami, aims to attract high-tech companies and talent to the city and support their growth.

“We are thrilled to be partnering with Rapyd on this new initiative as it will further accelerate the exciting tech ecosystem developing in Miami by providing local companies with the payment infrastructure they need to grow and succeed locally and internationally. Our city will continue to welcome new companies and employees working remotely, as well as support local businesses working to expand their international markets, and we thank Rapyd for their support,” said Francis Suarez, the Mayor of Miami.

Founded in 2016, Rapyd is a trading name of CashDash UK Limited. The company offers FinTech-as-a-Service platform with various local payment methods and services. Its solution portfolio includes collect, disburse, wallet and issuing. 

Previous Article

March 22, 2021

Mastercard and Ooredoo to launch virtual prepaid cards in Qatar

Read More
Next Article

March 22, 2021

Profile Software to acquire Sweden-based Euronext Centevo

Read More








IBSi Daily News Analysis

March 22, 2024

India

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 28, 2024

Payop partners with Tink to add Pay by Bank in Europe

Read More

March 22, 2024

FinTech Focus: Catch latest developments of the week

Read More

March 21, 2024

Micropayment and Tink partner to launch Pay by Bank at checkout

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023