Payoneer Global Inc is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital.
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16 Facts About Payoneer
2.
Payoneer was founded in 2005 with $2 million in seed funding from founder and then-CEO Yuval Tal and other private investors.
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3.
In 2017 and 2018, Payoneer was named as CNBC's 40th and 13th most disruptive companies, respectively.
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4.
In 2019, Payoneer partnered with freelancing platform Toptal to facilitate cross-border payments, allowing more efficient movement of wages between employer and its remote workers.
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5.
Payoneer got an authorisation as an Electronic Money Institution by Central Bank of Ireland for customers in EEU.
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6.
In 2019, Payoneer hired FT Partners to help facilitate expansion of the company and an additional round of private funding.
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7.
In December 2019, Payoneer acquired optile, a German payments orchestration platform.
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8.
In February 2021, Payoneer announced that it will become a publicly traded company through a merger with FTAC Olympus Acquisition Corp.
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9.
The combined company will operate as Payoneer and have an implied estimated enterprise value of approximately $3.
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10.
In 2009, Payoneer became available for use in the Philippines and later opened offices in Manila in 2016.
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11.
Payoneer operates in Pakistan with MCB Bank, Standard Chartered, and Faysal Bank, among others.
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12.
Payoneer has a presence in China, and in 2017, it was the exclusive partner and payment service provider of Chinese e-sellers for the Latvian e-commerce platform Joom.
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13.
Payoneer re-entered the Indian market in 2016, after partnering with IndusInd Bank and receiving Central Bank's approval.
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14.
Payoneer customized its offerings for the Indian market, with special reporting systems and fund-transfer limits that comply with local rules.
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15.
Payoneer was the first digital payment platform in India to provide customers with a Foreign Inward Remittance Certificate digitally, thereby simplifying the required business processes.
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16.
Payoneer partnered with popular rental website Airbnb in November 2013.
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