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Payoneer

Fintech / Cross-Border PaymentsFounded 2005
Reviewed by Swet Parvadiya
Company data updated: October 2026
Independent Editorial Analysis
10 historical events · Editorial analysis

Payoneer Company Profile: Revenue, Business Model & Strategy

Research depth: 10 milestones · 10 FAQs

Payoneer Global Inc. (NASDAQ: PAYO) is a New York-based cross-border payments company founded in 2005 by Yuval Tal and Ben Yaniv Chechik and led by CEO John Caplan. It reported $1.05 billion in 2025 revenue and $87.5 billion in volume, serving businesses in 190+ countries.

How Payoneer makes money: Payoneer makes money in three main ways. First, transaction fees: it charges for receiving marketplace payouts, for B2B payments between businesses, for currency conversion and withdrawals, and for card spending.

Revenue & employeesCEO historyFoundersBusiness model
Annual Revenue (FY2025)$1.1B
Employees2,540
CEOJohn Caplan
Founded2005
IndustryFintech / Cross-Border Payments
By Swet ParvadiyaLast reviewed:
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Data sources: annual reports, SEC filings, methodology
Industry:Fintech / Cross-Border Payments

Payoneer key figures

Payoneer had revenue of $1.1B for fiscal year 2025, up 7.7% from FY2024. Net income was $73.2M, a net margin of 7.0%.

Source: Payoneer Global Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-02-26) · Last reviewed October 2026

Revenue growth, FY2019 to FY2025
+22.1% a year
Compound annual rate, $317.8M to $1.1B
Peak revenue year
FY2025
The latest annual year is the highest in this series
Revenue per employee
$414,478
FY2025 revenue divided by 2,540 employees; headcount may use another date
Current chief executive
John Caplan
In the role since 2022 (4 years)
Documented transactions
5
Between 2019 and 2026
Founded
2005
21 years ago
Where was Payoneer founded?
Payoneer was founded in New York City, New York, United States in 2005.
When did Payoneer start?
Payoneer was founded in 2005.
How old is Payoneer?
Payoneer is 21 years old as of 2026.
In-Depth Analysis
310 words · 2 min read

What Payoneer Does

Payoneer Global Inc. (NASDAQ: PAYO) helps small businesses, marketplace sellers and freelancers in more than 190 countries and territories receive international payments, hold several currencies, withdraw locally and pay suppliers. It was founded in New York in 2005 by Yuval Tal.

How Payoneer Makes Money

Payoneer charges fees on payouts, B2B payments, currency conversion, withdrawals and card spending, and earns interest on customer balances (about $7.9 billion at the end of 2025). In 2025 revenue was $1,052.8 million, of which $821 million came from sources other than interest. B2B revenue grew 28%.

Financial Performance

Revenue grew from $473.4 million in 2021 to $1.05 billion in 2025. Net income was $93.3 million in 2023, $121.2 million in 2024 and $73.2 million in 2025. In 2025 the company processed $87.5 billion in volume, generated $272 million in adjusted EBITDA and $146 million in free cash flow, and bought back $175 million of stock. In Q2 2026 revenue rose 5% to $274.3 million and volume rose 15% to $23.7 billion, but lower interest income produced a $2.4 million net loss.

Leadership

John Caplan, formerly president of Alibaba.com for North America and Europe, became co-CEO in May 2022 and sole CEO on March 1, 2023, succeeding Scott Galit. Caplan moved Payoneer toward the larger cross-border B2B market and added Skuad (2024) and China-licensed Easylink (2025).

Competitors

Payoneer competes with Wise, PayPal and Hyperwallet, Airwallex, Stripe, Revolut Business and Adyen. Its edge lies in marketplace integrations and licenses in hard-to-enter markets such as mainland China.

The Nuvei Acquisition

On June 15, 2026, Nuvei agreed to acquire Payoneer for $7.40 per share in cash, about $2.75 billion in equity value and roughly a 44% premium to the June 8 close. The deal is expected to close in mid-2027. Payoneer withdrew its 2026 outlook and suspended earnings calls pending the transaction.

Table of Contents

Payoneer Key Facts

CompanyPayoneer
Annual revenue change+7.7% (FY2024–FY2025)
Financials$1.1B (FY2025, last reviewed October 2026)
Market Cap$2.8B
FY2025 net income$73.2M
Last reviewedBy Swet Parvadiya, Founder & Editor - October 2026
Founded2005
Founder(s)Yuval Tal, Yaniv Chechik
CEOJohn Caplan
HeadquartersNew York, New York, United States
IndustryFintech / Cross-Border Payments
Employees2,540+

Payoneer Company Profile: Revenue, Business Model & Strategy

"What most people miss about Payoneer is the sheer scale of conflict it survived to become Fintech / Cross-Border Payments."

Payoneer Global Inc. (NASDAQ: PAYO) is a New York-based cross-border payments company founded in 2005 by Yuval Tal and Ben Yaniv Chechik and led by CEO John Caplan. It reported $1.05 billion in 2025 revenue and $87.5 billion in volume, serving businesses in 190+ countries. Nuvei agreed in June 2026 to acquire Payoneer for about $2.75 billion in cash.

Revenue

$1.1B

Founded

2005

Employees

3K+

Market Cap

$2.8B

Author: CorpDigest Research DeskCompany Research

Explore Payoneer In Depth

Detailed research across every dimension of Payoneer — history, financials, leadership, and strategy.

Company History

Payoneer is a cross-border payments company built for businesses that sell or work internationally but sit outside the usual banking corridors.

Full Payoneer history →

Revenue & Financials

Payoneer had $1.1B in revenue for fiscal year 2025. Data covers 7 fiscal years. Market capitalization stands at approximately $3B.

Payoneer financials →

Founders

Payoneer was founded by Yuval Tal, Yaniv Chechik in 2005. Explore each founder's background, motivations, and their role in building the company.

Payoneer founders →

CEO & Leadership

Payoneer is currently led by John Caplan. Explore the full CEO history — leadership transitions, tenures, and the strategic decisions of each chief executive.

Payoneer CEO history →

Business Model

Payoneer makes money in three main ways. First, transaction fees: it charges for receiving marketplace payouts, for B2B payments between businesses, for currency conversion and withdrawals, and for card spending.

How Payoneer makes money →

Acquisitions

Payoneer has completed 5 documented acquisitions. Explore the full acquisition history and strategic rationale behind each deal.

Payoneer acquisitions →

Competitive Strategy

Under John Caplan, Payoneer has moved from serving mainly marketplace sellers toward the much larger cross-border B2B payments market, with more emphasis on customers moving at least $10,000 a month.

Payoneer strategy →

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 Research Profile

Our analysts compile business strategy profiles from public financial filings, press releases, and analyst reports. Each profile is reviewed for accuracy before publication by our editorial desk and updated on a rolling basis.

About the Author →Our Methodology →

Frequently Asked Questions About Payoneer

How does Payoneer make money?

Payoneer earns fees on cross-border transactions (marketplace payouts, B2B payments, currency conversion, withdrawals and card spending) plus interest on customer balances. In 2025, revenue excluding interest was $821 million of $1.05 billion total revenue.

Who owns Payoneer?

Payoneer is a public company traded on NASDAQ as PAYO and owned by its shareholders. On June 15, 2026 it agreed to be acquired by Nuvei for $7.40 per share in cash, about $2.75 billion in equity value; the deal is expected to close in mid-2027, after which Payoneer would become part of Nuvei.

Who is the CEO of Payoneer?

John Caplan is CEO of Payoneer. He joined as co-CEO alongside Scott Galit in May 2022 and became sole CEO on March 1, 2023. He was previously president of Alibaba.com for North America and Europe and founded OpenSky.

Who are Payoneer's competitors?

Main competitors include Wise, PayPal (including Hyperwallet), Airwallex, Stripe, Revolut Business and Adyen, along with banks that offer international wires.

What is Payoneer's revenue?

Payoneer reported revenue of $1,052.8 million in 2025, up 7.7% from $977.7 million in 2024, with net income of $73.2 million. Q2 2026 revenue was $274.3 million, up 5%.

Who founded Payoneer and where is it headquartered?

Yuval Tal and Ben Yaniv Chechik founded Payoneer in 2005. The company is headquartered in New York, with about 51% of its roughly 2,540 employees based in Israel.

Which marketplaces use Payoneer for payouts?

Payoneer has long been a payout option for platforms including Amazon, Upwork, Fiverr, Airbnb and Walmart, letting international sellers and freelancers receive earnings and withdraw them locally.

Why is Nuvei buying Payoneer?

Nuvei wants to pair its payment processing with Payoneer's cross-border accounts, payouts, cards and treasury tools, and to gain Payoneer's licenses, including its mainland China online payment license. The $7.40 cash offer was about a 44% premium to the June 8, 2026 close.

Is Payoneer a bank?

No, Payoneer is not a bank; it is a licensed money transmitter and e-money institution that facilitates cross-border business payments and provides virtual receiving accounts.

Who founded Payoneer?

Payoneer was founded in 2005 by Israeli entrepreneur Yuval Tal and other investors to help international freelancers easily receive payments from American companies.

Analysis: How Payoneer Makes Money

Deep dive into the Payoneer business model, revenue streams, and strategic moats in 2026.

Competitor Benchmarking

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Financial data on this page is sourced from SEC EDGAR filings, official earnings releases, and verified press statements. Revenue figures are reviewed and updated periodically. Read our full data methodology ->

Explore More Brand Histories

This corporate intelligence report on Payoneer compiles data from verified filings. Explore more detailed brand histories and company histories in the global Fintech / Cross-Border Payments marketplace.

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Editorial Methodology

Company Research

We use company filings, annual reports, company statements and press reports, with primary sources preferred where available. Each financial row shows its recorded source. Full-year figures are separated from annualized run-rates, partial periods and forecasts; unaudited figures carry a label. Source detail varies by company, so check the linked material when the reporting basis matters.

1. Primary Sources

Public companies may provide filings and annual reports. Private-company figures may come from statements or press coverage. A missing figure stays missing, and a source link should identify where its number came from.

2. Expert Curation

We organize company records and review claims for strategic context, source quality and clarity. Pages show a review date where one is recorded.

3. Multi-Pass Audit

Technical checks flag inconsistent figures and missing links. Editorial review of the underlying source remains necessary for claims those checks cannot verify.

Swet Parvadiya
SEC filings & public records methodology
Sourced from public financial records

Explore Related Pages for Payoneer

History & FailuresTimeline, setbacks, and key milestonesBusiness ModelHow they make money and market productsFinancialsRevenue history and fiscal metricsCompetitive StrategyRivals, benchmarks, and SWOT analysis

Sources & References

The data and narrative synthesized in this intelligence report were verified against primary sources:

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.