LeapRate Exclusive… LeapRate has learned from sources in Israel that digital cross-border payments provider Payoneer is on an official hiring spree, looking to add 140 employees in its home base of Israel, plus personnel in other locations abroad including New York and Tokyo.
According to sources, Payoneer is looking to add mainly experienced sales personnel and programmers, to help deal with (and continue to drive) massive growth. The company is reported to have brought in about $250 million in Revenues in 2016, up from $150 million the previous year, and has continued to grow rapidly into 2017.
Payoneer also has a lot of dry powder left from $245 million of venture capital funds which have been invested in the company, including a $180 million raise led by TCV and Susquehanna late last year.
Payoneer recently expanded its operations in Japan, hiring former Groupon Japan CEO Satoru Nemoto as Country Manager.
Payoneer enables millions of businesses and professionals from more than 200 countries to grow globally by facilitating seamless, cross-border payments. As web based businesses in particular have grown in size and number, enabling companies to sell and source from abroad with relative ease, Payoneer has seen a large demand in growth for its services for everything from paying suppliers and employees to enabling secure international money transfers and credit card payments.