Payoneer Raises $180 Million to Expand its Cross-Border Payments Platform
Posted: Wed Oct 05, 2016 9:03 am
Payoneer, a provider of digital cross-border payments and transaction-related services, has raised $180 million from investors in order to capitalise on the explosion of businesses globalizing their operations. Although the firm has been in the black for three years, it proceeded with raising the finance to assist with the expansion of its workforce and global presence.
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Growth-equity firm TCV led the round, with participation from existing investor Susquehanna Growth Equity, bringing Payoneer’s total funding to $275 million.
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The goal is to become a global platform for people ... (read more)