Total amount raised
$570 Million
Latest funding date
6/1/2021
Location
Payoneer has successfully raised significant funding through 14 rounds, with recent investors including Winslow Capital and Wellington Management. The platform offers comprehensive global payment solutions, enabling businesses and freelancers to manage cross-border transactions efficiently.
Keep reading to explore the intricacies of Payoneer's fundraising journey and the investors backing this innovative platform.
What Is Payoneer?
Payoneer, founded in 2005, is a financial technology company headquartered in New York, USA. The company specializes in providing global payment solutions and online payment services, enabling small and medium-sized enterprises to transact and thrive.
Operating in the B2B, finance, fintech, and payments industries, Payoneer employs between 1001-5000 people. The platform supports transactions in over 70 currencies and operates in more than 190 countries and territories, serving a diverse customer base that includes freelancers, businesses, and marketplaces.
How Much Funding Has Payoneer Raised?
- Post-IPO Equity
- Amount Raised: USD 300,000,000
- Date: June 2021
- Lead Investors: Wellington Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance global growth and strengthen the company's financial position.
- Series E
- Amount Raised: USD 180,000,000
- Date: October 2016
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate global growth and enhance the balance sheet.
- Series E
- Amount Raised: USD 50,000,000
- Date: August 2015
- Lead Investors: Wellington Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand business operations and enter new markets.
- Series D
- Amount Raised: USD 1,000,000
- Date: September 2014
- Lead Investors: Nyca Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop new products and enhance technological capabilities.
- Series D
- Amount Raised: USD 25,000,000
- Date: March 2014
- Lead Investors: Susquehanna Growth Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand business operations and enter new markets.
- Series B
- Amount Raised: USD 8,000,000
- Date: July 2008
- Lead Investors: Viola Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and support business growth.
Total Amount Raised: USD 564,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Wellington Management
- Details: Wellington Management is a global investment management firm that provides comprehensive investment management capabilities. They participated in Payoneer's Post-IPO Equity funding round.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Not publicly disclosed.
- TCV (Technology Crossover Ventures)
- Details: TCV is a private equity and venture capital firm that invests in technology companies. They led Payoneer's Series E funding round.
- Investment Focus Areas: E-commerce, global commerce, technology platforms.
- Notable Investments: Not publicly disclosed.
- Susquehanna Growth Equity
- Details: Susquehanna Growth Equity is a private equity firm focused on growth-stage companies. They are an existing investor in Payoneer and participated in multiple funding rounds.
- Investment Focus Areas: Financial technology, software, data services.
- Notable Investments: Not publicly disclosed.
- Nyca Partners
- Details: Nyca Partners is a venture capital and advisory firm focused on financial technology. They invested in Payoneer's Series D funding round.
- Investment Focus Areas: Financial technology, payments, banking.
- Notable Investments: Not publicly disclosed.
- Viola Ventures
- Details: Viola Ventures is a venture capital firm that invests in early-stage technology companies. They participated in Payoneer's Series B funding round.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Not publicly disclosed.
What's Next for Payoneer?
Payoneer stands at the cusp of significant growth opportunities, driven by the increasing demand for digital payment solutions and the expansion of global e-commerce. With recent funding, the company is poised to enhance its product offerings and expand into new markets such as China, India, and Japan. This expansion is expected to open up multi-million dollar opportunities, particularly in the burgeoning cross-border e-commerce sector.
Future fundraising efforts may include additional equity financing rounds or even an initial public offering (IPO), as the company continues to scale. However, Payoneer will need to navigate regulatory challenges and intense competition from other digital payment providers. Ensuring robust compliance and maintaining growth momentum will be crucial as the company aims to solidify its position in the global market.
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