Payoneer

Payoneer is a financial services company that provides online money transfer and digital payment services and working capital solutions. Account holders can send and receive funds to their bank account, Payoneer e-wallet, or a convertible MasterCard debit card that can be used online or at points of sale. The company specializes in facilitating cross-border B2B payments. Provides cross-border transactions in 200 countries and territories and over 150 local currencies, with cross-border bank transfers, online payments, and rechargeable debit card services.

Companies such as Airbnb, Amazon, Google, and Upwork use Payoneer to send mass payments worldwide. It is also used by eCommerce marketplaces such as Walmart and Wish.com, [Independent marketplaces such as Fiver and Envato, and works with advertising networks to link these firms with publishers based off their country headquarters.

Payoneer collaborates with Getty Images, iStock, Pond5 and others in the authoring space as well as in the freelance market. New York-based company.] Since 2019, the company has employed approximately 1,200 people [in 14 offices worldwide.

Payoneer was founded in 2005 with $ 2 million in seed funding from the founder and then-CEO Yuval Tal, an ex-officer in the Israeli army, and other private investors. 83North (Greylock Israel) ran $ 4 million in additional funding in 2007, with other investors including Carmel Ventures, Crossbar Capital, Ping An, Wellington Management, Susquehanna Growth Equity [5] and Nyca Partners.

In March 2016, the company received an internet escrow from Armor Payments. in order to reach the B2B transaction market between USD 500 and USD 1,000,000, where credit cards and letters of credit are not appropriate. She also started working with the Latin American eCommerce Linio website.

In August 2016, the company added automated tax forms to its mass payout offer.

In October 2016, the company acquired $ 180 million from Technology Crossover Ventures, bringing the total funding to $ 234 million.

In 2009, Payoneer became available for use in the Philippines and later in 2016 opened branches in Japan and Japan. He has worked with the Japanese giant giant Rakuten in a store that aims to open his site in the US, Rakuten.com, to outside vendors. USA.] They also worked with the Korean online B2B marketplace EC21. In 2017, the company released an integrated payment API for SaaS providers to connect cross-border B2B payments across cloud platforms. In June 2017, the company opened a branch in London.

In 2017 and 2018, Payoneer was named the 40th and 13th most important company, CNBC.