Cross-Border Payments Startup Payoneer Raises $180 Million
- Clients include Amazon, Google, Airbnb, Getty Images
- Company had more than $100 million in revenue in 2015
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Payoneer Inc. has raised $180 million from investors betting that the company will capitalize on the explosion of businesses globalizing their operations.
Eleven-year-old Payoneer provides digital cross-border payments and transaction-related services. While the New York-based company has been profitable for three years, Payoneer raised cash to give it more flexibility to spend on expanding its workforce and global presence and build a bigger acquisition arsenal, said Chief Executive Officer Scott Galit.