Earn 25.00 USD from payoneer

Payoneer was founded in 2005 with $2 million in seed funding from founder and then-CEO Yuval Tal and other private in investors. 83North (Greylock Israel) led an additional $4 million in funding in 2007 with additional investors including Carmel Ventures, Crossbar Capital, Ping An, Wellington Management, Susquehanna Growth Equity and Nyca Partners Since 2005 Payoneer has raised over $265 million from investors. In March 2016, the firm acquired internet escrow company Armor Payments aiming to address the market for B2B transactions between US$500 and $1,000,000 where credit cards and Letters of Credit are not suitable. It also began working with the Latin American eCommerce site Linio. In August 2016, the firm added an automated tax form service to its mass payout offering. In October 2016, the company raised $180 million from Technology Crossover Ventures, bringing the total funding to $234 million. In 2017, China Broadband Capital (CBC) invested in Payoneer. In 2017 and 2018, Payoneer was named as CNBC's 40th and 13th most disruptive companies, respectively. In 2018, former chief economist of Israel, Yoel Naveh, joined the company to lead Payoneer's working capital division. Payoneer expanded its Capital Advance service in mid-2019, specifically for e-commerce sellers in the United States, which allows merchants selling on internet platforms such as Amazon and Walmart immediate access to working capital. In 2019, Payoneer partnered with freelancing platform Toptal to facilitate cross-border payments, allowing more efficient movement of wages between employer and its remote workers. Payoneer also got an authorisation as an Electronic Money Institution by Central Bank of Ireland for customers in EEU. In 2019, Payoneer hired FT Partners to help facilitate expansion of the company and an additional round of private funding. In December 2019, Payoneer acquired optile, a German payment orchestration platform. The acquisition allows Payoneer, for the first time, to offer merchant services and consumer payment acceptance in addition to the B2B services they have been providing since inception. Daniel Smeds founded and runs optile, and its staff of 75, which will continue to operate as an independent group based out of their current HQ in Munich while also working for Payoneer. In February 2020, the company was included in the Forbes Fintech 50: The Most Innovative Fintech Companies in 2020. Since 6 January 2021, Wirecard EUR receiving accounts on Payoneer can only receive payments from approved payment sources. Wirecard AG is insolvent since 25 June 2020 but the EUR receiving account is supported by their subsidiary Wirecard Bank AG, which is not part of the insolvency proceedings. Users have the ability to receive payments from other sources by requesting a Citibank EUR receiving account. In February 2021, Payoneer announced that it will become a publicly traded company through a merger with FTAC Olympus Acquisition Corp. (NASDAQ: FTOCU), a Special Purpose Acquisition Company (SPAC) owned by former Bancorp CEO Betsy Cohen. The combined company will operate as Payoneer and have an implied estimated enterprise value of approximately $3.3 billion at closing, with $300 million coming from private investment in public equity (PIPE) from investors including Dragoneer Investment Group, Fidelity Management & Research, and Franklin Templeton. http://share.payoneer.com/nav/q-M6QRRPnhojVxcDGw9tjOp_YZSLne64SO1jhmik5l3ommzL9eaXzIehEsfZABa73B2gK3J7gSrSj5seT7Ablg2