Payoneer, Cross-border Payment Giant, Halts Earnings Projections and Seeks Acquisition
2025-05-12 / Read about 0 minute
Author:小编   

The cross-border payment specialist Payoneer has temporarily withdrawn its 2025 full-year earnings projections and is actively seeking a potential buyer. Established in 2005 by Israeli engineers, Payoneer excels in offering tailored cross-border payment solutions to small and medium-sized enterprises (SMEs) and entrepreneurs worldwide. In 2021, the company achieved a significant milestone by listing on Nasdaq through a merger with a Special Purpose Acquisition Company (SPAC). Furthermore, in April 2025, Payoneer China successfully completed the acquisition of YeePay, enhancing its market presence. Despite once boasting a market capitalization of over $4.2 billion, Payoneer's share price has declined by 33% this year, resulting in a current market capitalization of approximately $2.4 billion.