Rapyd: empowering APAC and Latin America through fintech
Coming with a complementary , the e-wallet, also called ‘LytePay’, will enable the sales teams at to analyse data, check their commissions, send invoices to clients, monitor their retirement and health insurance, and more.
The payment card (Lyte Talent) will enable the user to spend commission earnings at any establishment accepting Mastercard. Dennis Goh, Co-Founder of LytePay, stated that empowering Singapore’s real estate agents through fintech has been long overdue:
“Property agents in Singapore range from those who make a decent living to those who are just making ends meet. Neither groups get access to financial services that employees or small businesses enjoy mainly because their income is variable.
“By using data science and fintech, we want to help all property agents make more money and live more assured lives.”
Joel Yarbrough, VP for Asia-Pacific, Rapyd, added that the company was glad its technology could form the foundation of a solution which enhances worker’s lives, particularly as people’s day-to-day lives continue to be affected by COVID-19:
“Our Card Issuing platform helps innovators like LytePay and ERA create opportunities for new user segments in a simple and innovative way. Making income available more quickly is always great, but it is particularly essential now, during the pandemic.”
Empowering lives through fintech
Rapyd’s capacity for enhancing payment solutions was further demonstrated at the beginning of August 2020, when it announced a collaboration with to make tuition fee payments easier for students in Asia-Pacific and Latin America.
Allowing PayMyTuition’s platform to extend to over 600 US and Canada-based universities, Rapyd’s experience at facilitating international payments on a global scale made it an ideal partner for the venture.
“We are very excited to partner with such a forward thinking and technology-driven company as we expand our strategic partnerships into the education services industry,” said Vinay Shiriwastaw, Head of Sales for the Americas at Rapyd.
“We’re confident that our in-depth local expertise and broad network reach will help accelerate PayMyTuitions’ global facilitation of tuition payments for international students whether online or on-campus.”
NFT Marketplace Rarible Raises US$14.2m
Alongside the funding announcement, Rarible has shared that they’ve officially partnered with NBA Top Shot maker Dapper Labs to bring their NFT marketplace to Dapper’s Flow blockchain. Dapper Labs has begun building out a wider coalition of NFT platforms on its proprietary blockchain which is more energy-efficient and less costly than transactions on the Ethereum network.
“To mark this next phase, we are also proud to enter an official partnership with Flow. Dapper Labs has an impressive track record of bringing NFTs mainstream by creating native experiences for non-crypto audiences. As a blockchain, Flow enables easier access and lowers the entry barrier for traditional consumers and brands, which makes it a perfect partner on our journey to the wider adoption.
“In the coming couple of months, we will be bringing Rarible on Flow as a primary and secondary marketplace, also welcoming the robust ecosystem of projects built on Flow blockchain,” Rarible said.
According to the company, last June, 6 months post-launch, total trading volume on Rarible hit the $28,000 mark. By June 2021 it grew by a mind-blowing 3000x, reaching $150 million in total sales.
“Just as we have always been at the forefront of the NFT movement, Rarible is determined to pioneer the next wave,” the co-founder of Rarible’s marketplace and CEO Alexei Falin said. “With this company milestone, we are thankful for the support of Venrock, 01 Advisors, and Coinfund and look forward to going beyond the current enclosed crypto environment and taking NFTs into mainstream consciousness.”
In a blog post the company says they hope to use this funding to explore more user-friendly developments like accepting credit card payments. “We need a world where an indie creator can effortlessly create an NFT and sell it for $5 to his community of supporters, as well as where a pop icon can use NFTs to establish close contact with her multi-million audience in a sustainable way.”
Rarible has a lot underway in the upcoming few months, including the launch of Rarible NFT protocol, L2 solution for scalability and sustainability, credit card payments, adoption of Flow blockchain, multiple partnerships and drops, and more. Many projects are already working on integrations with Rarible protocol, such as the partnership with one-click NFT creator S!NG that allows users to mint and put their NFTs on sale with no costs involved.