Rapyd the digital payment platform is laying off about 30 employees

Rapyd, the digital payment platform, is laying off about 30 employees - almost 4% of the company's approximately 800 employees. Most of the laid-off are programmers, according to the source of the details. Instead of the fired teams, teams will be established in destinations such as Eastern Europe or
The layoffs also come against the background that last August, Rapid announced the acquisition of PayU GPO, a provider of payment solutions for consumers and small businesses. The company was purchased from the Dutch investment company Prosus, for the amount of 610 million dollars.
Last December, it was announced that Rapid was under threat of a boycott from Iceland, among other things, due to a virtual skirmish between Eric Tillman, the company's CEO, and a former employee at the Rapid branch in Iceland, against the background of the Israel-Hamas war. It was also announced in December that at least two companies Large companies in the Nordic country, including IKEA Iceland and the local electricity company Snerpa, announced that they would stop approving payments on the Rapid platform. In addition, it was announced that there were many calls for a boycott of the company, as well as a list that was uploaded at the time to the network, in which the names of Icelandic companies that stopped Do business with Rapid South Africa, areas where labor is considered cheaper.
Rapid, which was established in 2015, has raised approximately $960 million to date, according to IVC. The company has developed a digital payment platform that competes with Stripe and PayPal, and allows small, medium and large businesses that connect to it to receive payments from about 200 possible channels, compared to about 70 channels in PayPal. Thus, the company allows to receive payments and cash out money from many sources, such as banks, credit companies, digital wallets and payment companies. The company has 790 employees, according to IVC, of ​​which 345 work in Israel. In March 2022, Skandari's deal with the company reflected a value of $15 billion.