Fintech Payoneer, once worth $3.3 billion, suspends earnings guidance and reportedly seeks a buyer

Quick Summary:

Payoneer in November had a $4.24 billion market cap but has seen that drop by near one-third.

Founded in 2005, Payoneer specializes in cross-border payments for small-and-medium sized businesses, or SMBs, as well as entrepreneurs.

Now the payments company is on the hunt for a buyer, according to three banking and private equity executives, who asked not to be identified because they were not authorized to speak publicly on matter.

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Article Details

Author / Journalist: Luisa Beltran

Category: EconomyBusiness

Markets: United States

Topics: Payments Payments processing SPACs Fintech Digital and mobile payments

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 12:11:05 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 125 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28514292

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Official Website: fortune.com

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