Payoneer

remittancesbusiness

FOUNDING YEAR: 2005
LOCATION: United States
Last Update: 17/07/2020

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About

Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its cross-border payment platform.

Focus

PRODUCTS & SERVICES

Online cross-border payments solutions. It provides cross-border wire transfers, online payments, and refillable debit card service for businesses and working professionals.

REVENUE MODEL

Payoneer doesn't charge companies sending payments through the Payoneer Mass Payout Account. A single transfer is priced at $3 which is deducted from the beneficiary, unless the sender wishes to bear the transfer cost.

MAIN CLIENTS

Amazon

AirBnB

Elance

uShip

Google

UpWork

Getty Images

EXISTING PARTNERSHIPS

Mastercard

Visa

PCI

COMMENT

Payoneer offers beneficiaries a new experience including a variety of payment options with reduced cost and global reach to more than 200 countries.

People

FOUNDERS

Yuval Tal

BOARD MEMBERS AND ADVISORS

Amir Goldman

Oded Zehavi

Lazaro Campos

NUMBER OF EMPLOYEES

501-1000

INVESTORS:

83North

Carmel Ventures

CBC Capital

Charlie Federman

China Broadband Capital

Crossbar Capital

Greylock Partners

Ilan Kaufthal

Michael Loeb

Nyca Partners

Ping An

Susquehanna Growth Equity

TCV

Vintage Investment Partners

Wellington Management

Yuval Tal

Zohar Gilon

KEY EMPLOYEES:

Scott Galit(CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$15 M

DATE OF LAST FUNDING

Dec 2017

TOTAL FUNDING COMMENT

The company intends to use the funds to further strengthen its global platform and accelerate investment in China operations (Dec 2017).

SEED & PRIOR FUNDING

$2 M

SEED CLOSED ON

Jan 2005

FUNDING SERIES

SERIES A  · $4 M  · Mar 2007

SERIES B  · $8 M  · Jul 2008

SERIES C  · ---  · Sep 2013

SERIES D  · $1 M  · Sep 2014

SERIES E  · ---  · Dec 2017

LISTED

NO

COMMENT

Venture fund: $1 M(Sep 2014)

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