Rappi is a Colombian multivertical company headquartered in Bogotá, Colombia, and with main offices in São Paulo and Mexico City. It was founded in 2015 by Simón Borrero, Sebastian Mejía, Felipe Villamarín and Guillermo Plaza. History Rappi was founded in 2015 by three Colombian entrepreneurs: Simón Borrero, Felipe Villamarin and Sebastián Mejía. Rappi entered Y Combinator's Winter 2016 batch, generating additional investment. In August 2018, the company raised another $200 million in funding. SoftBank became a major stakeholder in Rappi in April 2019 with a $1 billion investment that valued Rappi at $3.5 billion. In June 2020, during the COVID-19 pandemic in Latin America, Rappi announced in a live event within the application, that live events could be held in the application as well as announcing the creation of 3 additional divisions in this company such as games, live sales and music. In January 2019, Borrero, Villamarin, and Mejía were listed as part of Bloomberg’s 50 Most Influential people and Rappi was highlighted as a company that is “transforming Latin America”. In February 2019, Simon Borrero was awarded the "Empresario del año" (Businessman of the year) award from the Colombian President. Simon Borrero and Rappi are currently being sued in U.S. federal court for misappropriation of trade secrets. As of August 2020, Rappi had more than 200,000 independent couriers actively connecting to the app in Latin America. Rappi also worked with over 250,000 different businesses including groceries shops, pharmacies, kiosks, and office supply stores. In 2021, Rappi was valued at $5.25 billion following their $500 million Series F financing round. Rappi Bank In March 2019, Rappi partnered with Visa Inc. to offer prepaid cards in Mexico, Colombia and Brazil, together with a QR-Code based digital wallet called RappiPay. In Colombia, they reached an alliance with Davivienda as well. Rappi's Country Manager in Brazil said it was the first of many financial services the company planned to expand beyond delivery. In 2021, RappiBank launched in Mexico as a fintech solution made after an alliance with Banorte, providing digital financial services. In 2022, Rappi got approval to become a bank in Colombia. Rappi offers working capital credit lines to restaurant owners and merchants it partners with. In Colombia, RappiPay has around 750,000 users, distributed more than 120,000 credit cards, and made an alliance with Davivienda. In 2022, as part of the portfolio of Financial Services, Rappi announced the launching of payments using