Payoneer
Acquisitions
5
Major Deals Covered
$2.8B
Disclosed Deal Value
Payoneer's largest disclosed acquisition here is Nuvei (acquirer of Payoneer, pending) for $2.8B in 2026. This page covers 5 major deals from 2019 to 2026, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| Nuvei (acquirer of Payoneer, pending) | 2026 | $2.8B | Nuvei agreed on June 15, 2026 to acquire all Payoneer shares for $7.40 per share in cash, about $2.75 billion in equity value and roughly a 44% premium to the June 8 close. |
| Easylink Payment Co., Ltd. | 2025 | Undisclosed | Acquired a licensed China-based payment service provider to serve Chinese exporters with local products. |
| Skuad | 2024 | $61.0M | Bought the global hiring and payroll (employer-of-record) platform for $61 million in cash, plus up to $20 million tied to performance goals. |
| Spott | 2023 | Undisclosed | Acquired Israeli AI-powered e-commerce data analytics platform Spott to enhance underwriting intelligence for Payoneer's working capital loan products. |
| Optile GmbH | 2019 | Undisclosed | Acquired Munich-based open payment orchestration platform Optile to provide enterprise merchants with an open payment gateway that integrates multiple global acquirers and alternative payment methods via a single API. |
2026
$2.8B
Nuvei agreed on June 15, 2026 to acquire all Payoneer shares for $7.40 per share in cash, about $2.75 billion in equity value and roughly a 44% premium to the June 8 close.
Payoneer would become part of Nuvei, combining Nuvei's merchant processing with Payoneer's cross-border accounts, payouts and licenses.
Pending
2025
Acquired a licensed China-based payment service provider to serve Chinese exporters with local products.
Made Payoneer the third foreign payment platform licensed to provide online payment services in China.
Completed
2024
$61M
Bought the global hiring and payroll (employer-of-record) platform for $61 million in cash, plus up to $20 million tied to performance goals.
Added workforce management services for SMBs hiring abroad; about 200 Skuad employees joined Payoneer.
Completed
2023
Acquired Israeli AI-powered e-commerce data analytics platform Spott to enhance underwriting intelligence for Payoneer's working capital loan products.
Supported data-driven underwriting for Payoneer's working-capital products.
Integrated
2019
Acquired Munich-based open payment orchestration platform Optile to provide enterprise merchants with an open payment gateway that integrates multiple global acquirers and alternative payment methods via a single API.
Accelerated Payoneer's expansion into enterprise merchant acquiring, allowing large platforms to control checkout conversion and reduce processing fees.
Became the technology base for Payoneer Checkout.
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. It added Skuad (2024) to offer global hiring and payroll, bought China-licensed Easylink (2025) to serve Chinese exporters locally, and expanded cards, invoicing and working capital. The goal is to earn more per customer from fees so profit depends less on interest rates; adjusted EBITDA excluding interest went from about negative $25 million in 2023 to about $40 million in 2025.
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. Second, interest income: it earns a yield on customer balances it holds at partner banks (about $7.9 billion in customer funds at the end of 2025). Third, smaller lines such as working-capital advances to sellers and Skuad's global employment (EOR) services. In 2025, revenue excluding interest income was $821 million, up 14%, while total revenue reached $1.05 billion, so interest made up roughly a fifth of the total. Management has steered growth toward direct B2B customers, whose revenue rose 28% in 2025, because they pay higher take rates than large marketplace payout programs.
Nuvei agreed on June 15, 2026 to acquire Payoneer for $7.40 per share in cash, about $2.75 billion in equity value. Closing is expected in mid-2027, subject to approvals.
In August 2024 Payoneer bought Skuad, a global hiring and payroll (employer-of-record) platform, for $61 million in cash, with up to $20 million more tied to performance goals. About 200 Skuad employees joined Payoneer.
Completing the Easylink Payment acquisition in 2025 made Payoneer the third foreign payment platform licensed to provide online payment services in China.
optile was a German payment orchestration platform that underpinned Payoneer Checkout, and Spott was an AI data company used to support underwriting. Payoneer did not disclose material purchase prices for either.
Payoneer listed on NASDAQ as PAYO in June 2021 through a merger with FTAC Olympus Acquisition Corp, a SPAC sponsored by Betsy Cohen.
In August 2024, Payoneer acquired Singapore-based Skuad for $61 million in cash. The acquisition allowed Payoneer to offer unified Employer of Record and contractor payroll services across 160 countries, enabling international SMBs to hire, manage, and pay global talent seamlessly within their Payoneer accounts.
Payoneer acquired Easylink to deepen its payment licensing and clearing capabilities in the Greater China e-commerce export corridor, expanding direct merchant acquisition across regional supply chain hubs in Shenzhen, Hangzhou, and Guangzhou.
Payoneer acquired optile for approximately $100 million in late 2019. Optile's open payment orchestration platform enabled Payoneer to process credit card checkouts and alternative payment methods for global enterprise merchants, expanding beyond payout distribution into merchant acquiring.
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