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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