Arik Shtilman, CEO of Rapyd, joined the Leaders in Payments podcast to discuss the company’s growth, industry trends, and the impact of AI and crypto on fintech. Over the past two and a half years, Rapyd has shifted its strategy from rapid expansion to profitability, achieving profitability in late 2024. This shift required streamlining operations, focusing on high-margin markets, and reducing headcount growth. A significant milestone was Rapyd’s $610 million acquisition of PayU, expected to finalize soon.

Shtilman highlighted major macroeconomic shifts, including changing interest rates and geopolitical events, which have influenced the company’s approach. He believes AI will revolutionize financial services, comparing its impact to the rise of the internet in 1998. Rapyd has already integrated AI into compliance, financial operations, and customer support, leading to faster onboarding, improved risk assessment, and reduced operational costs. AI-driven efficiencies are expected to shape the competitive landscape, favoring companies with advanced automation.

On crypto, Rapyd initially stayed cautious but has now embraced stablecoins for settlements and payments, anticipating further mainstream adoption. Looking ahead, Shtilman predicts continued consolidation in fintech, AI-driven efficiencies, and an industry transformation that will reshape how financial services operate in the coming years.