Payoneer, founded in 2005 and headquartered in New York City, is a global financial services company offering online money transfer, digital payment services, and working capital solutions. It simplifies cross-border trade and powers global commerce by helping businesses manage transactions in multiple currencies.
The company serves a diverse range of customers, from small and medium businesses to leading digital brands such as Airbnb, Amazon, Google, and Upwork. Payoneer is publicly listed on Nasdaq (PAYO) and has a global presence with 25 offices worldwide, supporting over 22 languages. In 2021, Payoneer merged with FTAC Olympus Acquisition Corp., leading to an implied estimated enterprise value of approximately $3.3 billion.
Payoneer's services include an e-wallet, virtual bank accounts, and a prepaid MasterCard, facilitating cross-border B2B payments in over 150 local currencies. They recently acquired the Israel-based AI data platform, Spott, enhancing their data-driven decision-making capabilities.
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