Payoneer, a US-based online payments company, has completed a series D financing round of $25m led by Susquehanna Growth Equity, a private equity firm focused on the financial services industry and an affiliate of quantitative trading firm Susquehanna International Group, with participation from existing investors Carmel Ventures, Greylock IL and Vintage Venture Partners.
“This new funding will help us expand our position as the leading provider of payment solutions that connect marketplaces, ecommerce platforms, technology companies, professionals and small business owners from around the world,” said Scott Galit, CEO of Payoneer. “We are thrilled to welcome Susquehanna Growth Equity as the lead investor in this round and look forward to leveraging their deep industry knowledge and expertise to take Payoneer’s growth to the next level. All of our investment partners share our vision to empower global commerce by transforming the way small businesses around the world get paid for selling products and services across borders.”
Amir Goldman, managing director of Susquehanna Growth Equity, said: “Payoneer has built a trusted global brand and we look forward to working with the Payoneer team to continue to capitalize on the exciting opportunities in the $50 trillion global market for cross-border business payments.”