Payoneer Global Inc. reports developments as a financial technology company focused on cross-border business and global payments. Its updates center on SMB and SME customers that use Payoneer to pay and get paid across borders, manage funds in multiple currencies, and connect to global marketplaces and suppliers.
Recurring news themes include quarterly results, B2B volume and revenue trends, enterprise payout activity, customer funds, take-rate and ARPU metrics, share repurchases, product expansion, partner-enabled financing access for e-commerce sellers, and stablecoin-related payment infrastructure initiatives.
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Payoneer (NASDAQ: PAYO) has announced a new collaboration with Zoho, enhancing their payment solutions for small and medium-sized businesses (SMBs) using Zoho Books, a cloud accounting platform. This partnership allows businesses in India, Australia, New Zealand, the UK, and the Philippines to receive payments directly into their Payoneer accounts while supporting multiple currencies. Key features include automated payment reminders, reducing late payments, and enabling seamless cross-border transactions. Payoneer customers will gain access to Zoho Books and other financial products over the coming months, aiming to streamline financial management for SMBs. The collaboration is designed to empower businesses to expand their reach internationally, aligning with Payoneer’s mission to simplify global transactions.
Payoneer Global Inc. (NASDAQ: PAYO) will release its First Quarter 2023 financial results on May 9, 2023, prior to market opening. The company's senior management will conduct a conference call and earnings webcast at 8:30 a.m. Eastern Time on the same day to discuss these results. Investors can access the live webcast and replay through the Payoneer Investor Relations website.
Founded in 2005, Payoneer is a financial technology company focused on empowering small and medium-sized businesses (SMBs) globally, particularly in emerging markets. The company aims to facilitate business transactions and growth by simplifying payments and fund management.
Payoneer (NASDAQ: PAYO) has announced changes to its Board of Directors, with Sharda Caro Del Castillo joining the board effective March 17. She brings over 25 years of experience in payments and regulatory compliance, previously serving at Affirm, Airbnb, Square, and PayPal. Heather Tookes has stepped down from her position as a board member on the same date. Her resignation was amicable and not due to disagreements. The announcement signifies a strategic evolution within the board, aiming to enhance governance and strengthen leadership.
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Payoneer Global Inc. (NASDAQ: PAYO) announced that CEO John Caplan will participate in a fireside chat at the Wolfe FinTech Forum on March 14, 2023, at 10:05 am ET. This event aims to engage investors and interested parties about Payoneer's mission to empower small businesses globally. Interested individuals can access the webcast and replay through Payoneer’s investor relations website. Established in 2005, Payoneer focuses on providing financial technology solutions that facilitate transactions for small and medium-sized businesses, particularly in emerging markets.
Payoneer Global Inc. (NASDAQ: PAYO) has announced significant leadership transitions. John Caplan has been appointed CEO, effective March 1, 2023, succeeding Scott Galit, who will become a Senior Advisor and remain on the Board. Bea Ordonez, previously Deputy CFO, will take over as CFO on the same date. The company reported record results for 2022, emphasizing consistent revenue and adjusted EBITDA growth. Caplan expressed confidence in the company's trajectory, aiming for profitable growth and leveraging its robust infrastructure to capture new opportunities.
Payoneer Global Inc. (PAYO) reported impressive financial results for Q4 and FY 2022, achieving a revenue growth of over 30% year-over-year. Q4 revenue reached $183.6 million, while FY 2022 revenue stood at $627.6 million, marking a 33% increase. The company reported a reduction in transaction costs as a percentage of revenue, from 21.4% in 2021 to 17.6% in 2022. Despite a net loss of $10.2 million in Q4, adjusted EBITDA improved to $10.6 million. For 2023, Payoneer expects revenue between $800 million and $810 million, driven by strategic growth in high-margin markets and services. The company has strengthened its executive team to support these growth initiatives.
Payoneer (Nasdaq: PAYO) has received its Electronic Money License (EMI) from the UK's Financial Conduct Authority (FCA), a crucial step for digital financial institutions. This license will enable Payoneer to continue offering its full range of services to UK businesses. The FCA's authorization reflects Payoneer's commitment to the UK market and its mission to support businesses in the global digital economy. The company aims to enhance its presence in the UK and assist more businesses in navigating global commerce. Payoneer already holds licenses in the US, Europe, Hong Kong, Japan, Australia, and India.