About Payoneer
Payoneer is a financial technology company that enables small and medium-sized enterprises to transact and thrive.
Headquarters
Payoneer, New York
Founded
2005-01-01
Industry
B2B, Finance, FinTech, Payments
Last Funding Type
Post Ipo Equity
Valuation
7
Total Funding
$570.00 million dollars
IPO Status
Public
Financial
Payoneer reported a 400% growth in its merchant services as small businesses expanded their global sales. The company also reported robust revenue growth and profitability expansion for FY 2023. Additionally, Payoneer's full-year 2023 earnings exceeded expectations, and the first quarter of 2024 financial results also beat expectations. Research by Payoneer indicated that small and medium-sized businesses are leveraging AI, supply chain diversification, and new trade corridors to grow across borders despite headwinds.
Payoneer Global Inc. reported strong financial performance for Q1 2024, with revenue of $228.2M, up 19% year-over-year, and net income of $29.0M, a 265% increase from the previous year. The company also announced it will report its Q2 2024 financial results on August 7, 2024.
Payoneer Global Inc. reported strong financial performance for Q1 2024, with revenue of $228.2M, up 19% year-over-year, and net income of $29.0M, a 265% increase from the previous year. The company also announced it will report its Q2 2024 financial results on August 7, 2024.
Funding Rounds
15
Number of Lead Investors
8
Total Funding Amount
$570.00 million dollars
Number of Investors
28