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Susquehanna backs $25m Series D for online payment company Payoneer

6 Mar 2014

payments_lrgFinancial services-focused private equity firm Susquehanna Growth Equity has led a $25m Series D financing round for online payments business Payoneer.

Existing investors Greylock IL, Carmel Ventures and Vintage Venture Partners also backed the round, while Susquehanna managing director Amir Goldman is expected to join the company’s board.

Payoneer provides a cross-border payment platform which connects professionals and small businesses across more than 200 countries.

It has a four-year revenue compound annual growth rate of more than 65 per cent.

Goldman said, “Payoneer has revolutionized the way businesses are able to send and receive cross-border payments.

“Payoneer’s flexible, secure platform helps companies accelerate global business, as evidenced by the company’s exceptional growth over the past several years.

“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.”

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