About Payoneer
Payoneer is a company based in New York (United States) founded in 2005.. Payoneer has raised $269 million across 9 funding rounds from investors including W Capital Partners, CBC Capital and TCV. The company has 2,410 employees as of December 31, 2024. Payoneer has completed 4 acquisitions, including Armor Payments, Skuad and Spott. Payoneer operates in a competitive market with competitors including Tipalti, Ebury, Airwallex, Rapyd and Currencycloud, among others.
- Headquarter New York, United States
- Employees 2410 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Payoneer Global Inc.
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Annual Revenue
$977.72 M17.64as on Dec 31, 2024
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Net Profit
$121.16 M29.82as on Dec 31, 2024
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EBITDA
$207.16 M65.4as on Dec 31, 2024
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Total Equity Funding
$269 M (USD)
in 9 rounds
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Latest Funding Round
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Investors
W Capital Partners
& 11 more
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Employee Count
2410
as on Dec 31, 2024
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Investments & Acquisitions
Armor Payments
& 3 more
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IPO & Listings of Payoneer
Payoneer is a publicly listed company on the NASDAQ with ticker symbol PAYO in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Product Management Team
84 people
Software Development Team
54 people
Leadership Team
50 people
Legal and Compliance
44 people
Finance and Accounting
31 people
Senior Team
24 people
Human Resources and Administration
19 people
Data Analysis and Operations Team
13 people
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Funding Insights of Payoneer
Payoneer has successfully raised a total of $269M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Last Round
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First Round
First Round
(01 Jun 2005)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Series E - Payoneer | Valuation | CBC Capital | |
| Oct, 2016 | Amount | Series E - Payoneer | Valuation | TCV | |
| Aug, 2015 | Amount | Series E - Payoneer | Valuation | Wellington |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Payoneer
Payoneer has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include W Capital Partners, CBC Capital and TCV. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in TMT & other tech sectors
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Founded Year | Domain | Location | |
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Venture capital is invested in global technology companies by TCV.
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Founded Year | Domain | Location | |
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Investment management firm which invests in direct secondary market
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Payoneer
Payoneer has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Armor Payments, Skuad and Spott. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online P&C insurance comparison for e-commerce businesses is facilitated.
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2020 | ||||
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Global HR platform automates remote payroll and compliance worldwide.
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2019 | ||||
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B2B escrow payment services are provided to e-commerce businesses.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Payoneer
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Payoneer Comparisons
Competitors of Payoneer
Payoneer operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tipalti, Ebury, Airwallex, Rapyd and Currencycloud, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Forex risk management and payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cross-border payments are processed for businesses via tools and APIs.
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| domain | founded_year | HQ Location |
Global payment solutions are provided by Rapyd to businesses worldwide.
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for cross-border transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Payoneer
Frequently Asked Questions about Payoneer
When was Payoneer founded?
Payoneer was founded in 2005.
Where is Payoneer located?
Payoneer is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Payoneer?
John Caplan is the current CEO of Payoneer.
Is Payoneer a funded company?
Payoneer is a funded company, having raised a total of $269M across 9 funding rounds to date. The company's 1st funding round was a Series E of $50M, raised on Jun 01, 2005.
How many employees does Payoneer have?
As of Dec 31, 2024, the latest employee count at Payoneer is 2,410.
What is the annual revenue of Payoneer?
Annual revenue of Payoneer is $977.72M as on Dec 31, 2024.
What does Payoneer do?
Cross-border remittance solution for businesses. It enables businesses and professionals to send and receive cross-border payments using multiple payout options including bank transfers, prepaid debit cards, international wire transfers, and local eWallets. Offers businesses an end-to-end solution to get paid from clients, pay VAT, pay suppliers, and withdraw international earnings into local bank accounts. The application is available on Android and iOS platforms.
Who are the top competitors of Payoneer?
Is Payoneer publicly traded?
Yes, Payoneer is publicly traded on NASDAQ under the ticker symbol PAYO.
How many acquisitions has Payoneer made?
Payoneer has made 4 acquisitions, including Armor Payments, Skuad, and Spott.
Who are Payoneer's investors?
Payoneer has 12 investors. Key investors include W Capital Partners, CBC Capital, TCV, Susquehanna Growth Equity, and Greylock Partners.
What is Payoneer's ticker symbol?
The ticker symbol of Payoneer is PAYO on NASDAQ.
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