Payoneer is a fintech company that connects businesses, professionals, countries and currencies with its cross-border payments platform. The company's technology moves money for businesses in one country working with those in other countries and handles the regulatory and currency issues that come with international transactions. While many payments startups rely on the existing credit card infrastructure, Payoneer has built its own connectors directly into banks, allowing recipients to get money deposited in their accounts and avoiding the transaction fees that come with plastic.
According to Payoneer, the company enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating cross-border payments. Additionally, thousands of large corporations including Google, Airbnb, Elance-oDesk and Getty Images use Payoneer's mass payout services.
Founded in 2005 by Yuval Tal and based in New York, Payoneer is backed by venture capital investors including TCV, Wellington Management and Susquehanna Growth Equity.
*Based on Preferred Stock Price, Payoneer does not have a stock symbol since it is currently private and is yet to have an IPO.
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