Work Here?
About Payoneer
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2005
Overview
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 operate 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 them to major online marketplaces, enhancing their growth opportunities. Payoneer generates revenue through service fees that are generally lower than those of traditional banks, making it a cost-effective choice for businesses looking to streamline their international transactions.
Simplify's Take
What believers are saying
- Acquisition of Easylink Payment expands Payoneer's reach in the Chinese market.
- Partnership with Meezan Bank enhances cross-border payments for Pakistani SMBs.
- Record annual volume and revenue growth highlight Payoneer's scalable business model.
What critics are saying
- Local Chinese platforms may challenge Payoneer's Easylink Payment acquisition.
- Regulatory hurdles in Pakistan could delay the Meezan Bank partnership.
- Geopolitical tensions may impact Payoneer's expansion in China.
What makes Payoneer unique
- Payoneer simplifies international transactions with a focus on cost-effectiveness.
- The company offers marketplace connections, enhancing global business opportunities.
- Payoneer provides a trusted platform for businesses of all sizes worldwide.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$832M
Above
Industry Average
Funded Over
7 Rounds
Greylock PartnersBenefits
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
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -1%Payoneer has acquired China's payment service provider EasyLink Payment. Founded in 2005, Payoneer offers cross-border financial solutions to support SMBs in their transactions and business operations.
Small business-focused FinTech Payoneer bought China’s Easylink Payment Co. The deal makes Payoneer the third foreign payment platform licensed to offer online payment services in China, according to a Thursday (April 10) press release. The acquisition cost was not provided. “We serve a diverse range of companies in China, allowing them to grow their business globally,” Payoneer CEO John Caplan said in the release. “We are honored to be a licensed payment service provider in China. Our acquisition strengthens our global regulatory infrastructure and positions us to better serve those customers with enhanced and localized products and services.”
Payoneer (NASDAQ: PAYO), a financial technology company focused on empowering small and medium-sized businesses (SMBs) globally, has officially acquired Easylink Payment Co., Ltd., a licensed payment service provider based in China.
Celebrating bold Ambition: Silver Bell Group at Payoneer's 20-year Ambition Hackathon.
In a major step towards financial inclusion and global connectivity, Payoneer has partnered with Meezan Bank to introduce a new international payment system, designed specifically for small businesses, freelancers, and e-commerce sellers in Pakistan.
Payoneer is Hiring for 60 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Payoneer
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2005
Payoneer is Hiring for 60 Jobs on Simplify!
Find jobs on Simplify and start your career today