Celebrating 20 Years of Payoneer: Pioneering Cross-Border Financial Services

Payoneer, a leading financial services platform based in New York, is celebrating its 20th anniversary in 2024, marking two decades of empowering businesses in cross-border trade. With a remarkable growth trajectory, the company has established itself as a vital player in facilitating international commerce.

Record Growth and Future Expansion

In 2024, Payoneer reported unprecedented transaction volumes and revenue, processing an annual transaction volume of US$80 billion. The company aims to further bolster its role in cross-border trade through continuous innovation and strategic development.

Evolution of Payoneer

Founded in 2005, Payoneer started as a mass payout solution and has transformed into a comprehensive financial services platform. It now supports commerce across various industries and markets, operating in over 7,000 trade corridors.

Strategic Acquisitions and Investments

To enhance its offerings, Payoneer recently acquired Skuad, a workforce and payroll management platform. This acquisition aims to strengthen its financial services for companies operating on a global scale.

Supporting Global Entrepreneurship

Payoneer is also committed to social responsibility through the Payoneer Foundation. The company plans to invest US$2 million over the next three years to support Endeavor, a global network for entrepreneurs. This partnership will fund Endeavor’s new Organisational Growth Programme, which is designed to boost the scale and impact of its network of 2,900 entrepreneurs.

• Endeavor Entrepreneurs generated US$88.5 billion in annual revenue in 2024.
• These entrepreneurs created over 4 million jobs across 45 countries.

Voices of Leadership

John Caplan, CEO of Payoneer, emphasizes the company’s commitment: “Entrepreneurs and small businesses are leading the next chapter of global commerce. Our global licenses and local expertise position us to support trade from anywhere to everywhere.”

Linda Rottenberg, Co-founder and CEO of Endeavor, shares her vision: “We believe the best way to build thriving entrepreneurial ecosystems is by supporting ambitious founders in overlooked markets. This unlocks their Multiplier Effect™, empowering them to nurture the next generation of entrepreneurs.”

Celebrating Two Decades of Impact

In honor of its 20th anniversary, Payoneer is hosting an event in New York City, gathering entrepreneurs, partners, and industry leaders to celebrate this milestone. Key features of the event include:

• A fireside chat with current and former Payoneer leadership, reflecting on the company’s history and future.
• The Ambition Hackathon, where 20 selected Payoneer customers will present business challenges for teams to develop actionable solutions.
• Participation in the Nasdaq closing bell ceremony.

Notable participants in the Ambition Hackathon include:

• Eau De Luxe, a US-based beauty and fragrance supplier transitioning to a direct-to-consumer model.
• ia Blueprint, which provides high-quality remote staffing solutions for US-based insurance agencies from the Philippines.

For more information on Payoneer’s services and innovations, visit their official website.