Payoneer Inc., a New York-city based online payments company, completed a $25m Series D financing.
The round was led by Susquehanna Growth Equity, LLC, with participation from existing investors Carmel Ventures, Greylock IL and Vintage Venture Partners. Upon regulatory approval, Amir Goldman, Managing Director of Susquehanna Growth Equity, is expected to join Payoneer’s Board of Directors.
The company intends to use the capital to accelerate its product roadmap, expand into new verticals and markets, increase sales and marketing investments, and pursue acquisitions.
Led by Scott Galit, CEO, Payoneer provides a global payout platform that removes the limitations that typically surround international business by allowing companies to engage business partners and service providers in over 200 countries, receive funds for services or products sold. Payout options includes transfers to local banks worldwide, prepaid debit cards, international wire transfers, and local eWallets.
FinSMEs
06/03/2014