Payoneer

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Payoneer
Online Payment, International Money Transfer and Prepaid Debit Cards
Founded 2005
Headquarters New York, NY USA
Key people
Scott Galit, CEO
Website www.payoneer.com

Payoneer is a financial services business that provides online money transfer and e-commerce payment services. Payoneer is a registered Member Service Provider (MSP) of MasterCard worldwide. The company is headquartered in New York City with R&D offices in Tel Aviv, Israel.

History[edit]

Payoneer was founded in 2005 with $2 million in seed funding from then-CEO Yuval Tal and other private investors. Israeli venture capitalist firm Greylock provided an additional $4 million in funding in 2007.[1] It has also received funding from Carmel Ventures, Crossbar Capital, Ping An, Susquehanna Growth Equity and Nyca Partners.[2][3][4][5][6][7][8] Payoneer cards were used by the suspects in the assassination of Mahmoud al-Mabhouh for planes and hotels in their operation in 2010.[9][10] Payoneer board members include former Visa president Hans Morris and former SWIFT CEO Lazaro Campos.[5][11] Companies using Payoneer include iStockphoto, Elance, Google, 99designs, Welocalize, Fiverr, 123RF, Digital River, Quantium Solutions, uShip, and Airbnb.[2][12][13]

Services[edit]

Payoneer provides cross-border wire transfers, online payments, and refillable debit card service for businesses and working professionals.[14] Payoneer account holders have the option to receive funds into their local bank account or e-wallet, or via a re-loadable prepaid debit card, which is issued through MasterCard and can be used at ATMs or at the point-of-purchase.[15] The cards have been used by New York Hospital to pay clinical trial participants.[16] As of 2015, Payoneer is available for more than 100 currencies in 200 countries.[17]

References[edit]

  1. ^ Carthy, Roi (October 22, 2007). "Payoneer Collects $3M from Greylock, Signs-Up iStockphoto". TechCrunch. Retrieved March 29, 2014. 
  2. ^ a b Schonfeld, Erick (2008-07-24). "Payoneer Raises $8 million Series B From Greylock And Carmel". TechCrunch. Retrieved 2011-02-28. 
  3. ^ Chowdhry, Amit (2007-03-26). "Greylock Partners Leads $4 Million Series A Investment In Payoneer". Pulse2. Retrieved 2011-02-28. 
  4. ^ "Payoneer receives investment from Ping An Group, expands into China". The Paypers. 10 June 2014. 
  5. ^ a b Macinas, Melanie (10 September 2014). "Payoneer Welcomes New Director and New Investment". PaymentWeek. 
  6. ^ Basich, Zoran (9 September 2014). "The Daily Startup: For Investors, Russian Tech Scene Loses Luster". The Wall Street Journal. 
  7. ^ Avellana, Nicel (6 March 2014). "New York-based online payments business Payoneer gets $25M in Series D round". Venture Capital Post. 
  8. ^ Gat, Aviva (9 March 2014). "Payoneer raises $25M in fourth round financing". GeekTime. 
  9. ^ Abelson, Max (2010-03-09). "New York City's Assassination Connection". The New York Observer. Retrieved 2011-02-15. 
  10. ^ "An Eye for an Eye: The Anatomy of Mossad’s Dubai Operation". Spiegel. January 19, 2010. Retrieved March 29, 2014. 
  11. ^ "Former SWIFT CEO Joins Payoneer Board". PYMNTS.com. 29 April 2014. 
  12. ^ Xu, Kevin (19 May 2014). "Exclusive Q&A with Payoneer’s Scott Galit: Global Payments for All". PaymentWeek. 
  13. ^ "Google selects Payoneer for Google Trusted Stores payments". The Paypers. 21 March 2014. 
  14. ^ Germain, Jack (January 16, 2008). "Payoneer: Taking Prepaid Debit Cards to the Next Level". E-Commerce Times. Retrieved March 29, 2014. 
  15. ^ "X-mas GPS, Plastic Wages, Video Antivirus". Associated Press. November 14, 2007. Retrieved March 29, 2014. 
  16. ^ "New York Hospital Uses Prepaid Cards to Pay Study Participants". CenterWatch. 2010-03-23. Retrieved 2011-02-28. 
  17. ^ "Send Mass Payouts". Payoneer. 28 December 2014. Retrieved 28 December 2014. 

External links[edit]