Payoneer

Global payment platform for cross-border transactions

New York City, New York, United States

About Payoneer

Payoneer provides a global payment platform that makes international business transactions easier and more affordable. The platform allows businesses to send and receive payments in various currencies, which helps them expand into new markets without the hassle of traditional international wire transfers. By enabling companies to transact as if they were local, Payoneer reduces the complexity and costs associated with cross-border payments. It serves a diverse clientele, from small businesses to large corporations, and connects users to major online marketplaces, enhancing their growth opportunities. Unlike traditional banks, Payoneer charges lower fees for its services, making it a more cost-effective option for businesses looking to operate internationally. The goal of Payoneer is to simplify global commerce and support businesses in their international expansion efforts.

New York City, New YorkHeadquarters
2005Year Founded
$553.5MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Paid Sick Leave
Parental Leave
Wellness Program
Flexible Work Hours

Risks

Increased competition from digital payment platforms like Wise and Venmo.
Integration challenges from the Skaud acquisition may pose financial risks.
SMBs' unpreparedness for geopolitical risks could impact Payoneer's transaction volumes.

Differentiation

Payoneer simplifies international transactions by offering multi-currency payment solutions.
The platform connects businesses to leading marketplaces for global expansion opportunities.
Payoneer charges lower fees than traditional banks for international wire transfers.

Upsides

Acquisition of Skuad enhances Payoneer's payroll and contractor management capabilities.
Growing trend of SMBs expanding into Europe and Central Asia benefits Payoneer.
Integration of AI in SMBs' operations aligns with Payoneer's service offerings.