Payoneer a New York-based company is marking its 20th anniversary, reflecting on two decades of work supporting business growth across borders.
In 2024, the company reported record transaction volumes and revenue, and outlined plans to continue expanding its role in cross-border trade through innovation and strategic development.
Founded in 2005, Payoneer began as a mass payout solution and has since evolved into a full financial services platform, supporting commerce across industries, markets, and more than 7,000 trade corridors.
In 2024, Payoneer processed an annual transaction volume of US$80 billion, enabling businesses to scale internationally.
Its recent acquisition of Skuad, a workforce and payroll management platform, is intended to strengthen its financial services offering for companies operating globally.
Through the Payoneer Foundation, the company is investing US$2 million over the next three years to support Endeavor, a global network for entrepreneurs.
This partnership will fund Endeavor’s new Organisational Growth Programme, which aims to support the scale and impact of its network of 2,900 entrepreneurs, including the Outliers group, made up of fast-growing companies with median revenues approaching $100 million.
In 2024 alone, Endeavor Entrepreneurs generated US$88.5 billion in annual revenue and created over 4 million jobs across 45 countries.
John Caplan, CEO of Payoneer, said:
” Entrepreneurs and small businesses are leading the next chapter of global commerce. Payoneer’s global licences, local expertise, and strong ecosystem relationships position us to continue supporting trade from anywhere to everywhere. Our partnership with Endeavor strengthens our mission to empower entrepreneurs and drive global commerce.”
Linda Rottenberg, Co-founder and CEO of Endeavor, added:
“At Endeavor, we believe the best way to build thriving entrepreneurial ecosystems is by backing ambitious founders building great businesses in overlooked places around the world. When we support a founder in an emerging market, we don’t just fuel one company, we unlock their Multiplier Effect™, empowering them to train, mentor, and invest in the next generation.”
To commemorate its 20th anniversary, Payoneer is hosting an event in New York City, bringing together entrepreneurs, partners, and industry leaders from different regions.
The event will feature a fireside chat with current and former Payoneer leadership, reflecting on the company’s history and discussing the future of cross-border commerce.
An “Ambition Hackathon” will also take place, where 20 selected Payoneer customers will present business challenges for teams of employees, partners, and industry experts to develop actionable solutions.
The celebrations will conclude with Payoneer’s participation in the Nasdaq closing bell ceremony.
Among the participants in the Ambition Hackathon are Eau De Luxe and ia Blueprint.
Eau De Luxe is a US.-based beauty and fragrance supplier that has transitioned from a wholesale model to a direct-to-consumer approach.
ia Blueprint supports US-based insurance agencies by providing high-quality remote staffing solutions from the Philippines.
Featured image credit: edited from freepik
