NY-based Payoneer says Wellington Management Company has led a $50 million investment in Payoneer. Susquehanna Growth Equity, an existing shareholder, also joined the funding.
Susquehanna Growth Equity, which led Payoneer’s Series D financing round in 2014, focuses on making investments in high-potential technology businesses across a range of sectors, including financial services.
Payoneer is headquartered in New York with offices in Silicon Valley, Europe and Asia, and has a workforce of more than 500 employees globally. In addition to Susquehanna Growth Equity, Wellington Management Company joins existing Payoneer investors Carmel Ventures, Greylock Partners, Nyca Partners and Ping An Group.
Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments.
For data, background and forecasts on Payoneer: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).