Social media spat sparks calls to boycott Rapyd payments firm in Iceland
-
A social media dispute between Rapyd's CEO and a former employee over Israel-Hamas has sparked calls to boycott the company in Iceland.
-
At least 2 major Icelandic companies have stopped using Rapyd's services in protest.
-
A website lists Icelandic companies still working with Rapyd and alternatives, over 20 organizations aim to leave.
-
Rapyd has 120 employees in Iceland out of 700 total, the market is important for its European expansion.
-
The boycott jeopardizes significant revenue as Rapyd processes billions in payments yearly and prepares to raise $700 million.