Payoneer (NASDAQ: PAYO) is a global payments platform which turns every international transaction into a local purchase for two million small and medium sized businesses. The company connects these SMBs, particularly in emerging markets, to the worldwide economy and manages their cross border transactions. Payoneer’s unique architecture enables same day and near real time settlement in 150 countries through a PAYO-provided virtual account that’s integrated with 100 foreign banking and payment service providers. Consequently, end-users benefit from faster and cheaper payment processing services. Furthermore, Payoneer also provides Accounts Receivable, Accounts Payable and Cash Management services which greatly eases the administrative burden on their customer base. The company recently guided to mid-teens revenue growth and 25% adjusted EBITDA through 2026, a potentially positive sign for continued market demand.
