Global Fintech Leader Marks Milestone with $2M Donation from Payoneer Foundation; Hosts Global Business Hackathon and Nasdaq Closing Bell Ceremony
Payoneer (Nasdaq: PAYO), the global financial technology company powering business growth across borders, is proudly celebrating two decades of transformation, innovation and the entrepreneurs that embody ambition that transcends border and boundaries. Payoneer has become a force in enabling millions of businesses and entrepreneurs to thrive in the global economy, delivering record-breaking volume and revenue in 2024, and with a strategy to expand, innovate and lead the dynamism of cross-border trade.
20 Years of Global Impact and Innovation
Since its founding in 2005, Payoneer has been at the forefront of powering borderless trade, expanding from a mass payout solution into a comprehensive financial stack that fuels global commerce across industries, markets, and over 7,000 trade corridors.
In 2024, Payoneer powered annual transaction volume of $80 billion, helping millions of businesses worldwide to scale faster and more efficiently. The company’s recent acquisition of Skuad, a global workforce and payroll management platform, is another significant step in its mission to provide an end-to-end stack of financial services and tools that enables businesses to grow seamlessly across borders.
Strengthening Entrepreneurship: Payoneer Partners with Endeavor
As part of its commitment to empowering entrepreneurs to shape industries and drive global economic growth, Payoneer – through the Payoneer Foundation – is investing $2 million over the next three years to support Endeavor, the Global Network of Trust of, by and for entrepreneurs. This first-of-its-kind partnership will support Endeavor’s new Organizational Growth Program, designed to accelerate the scale and impact of its global network of 2,900 entrepreneurs. This includes Endeavor’s elite Outliers – its fastest-growing, high-impact companies with median revenues close to $100 million and $42 billion raised in the past three years. In 2024 alone, Endeavor Entrepreneurs generated $88.5 billion in annual revenue and created over 4 million jobs across 45 countries.
“For 20 years, Payoneer has been helping businesses turn ambition into achievement, wherever they are in the world,” said Nagesh Devata, Senior Vice President for Asia Pacific at Payoneer. “Entrepreneurs and small businesses around the world are leading the next chapter of global commerce. Payoneer’s global licenses, local expertise, and strong ecosystem relationships position us to continue to power trade from anywhere to everywhere, and lead the industry. Our partnership with Endeavor strengthens our mission to empower entrepreneurs and drive global commerce, reinforcing an environment of trust and opportunity across borders.”
“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,” said Linda Rottenberg, Co-founder and CEO of Endeavor. “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. That’s why we’re especially thrilled to partner with Payoneer to help entrepreneurs around the world unlock their potential and reshape global entrepreneurship.”
A Global Celebration of Ambition Without Borders
To mark its 20th anniversary today, Payoneer is hosting a landmark event in New York City. By connecting entrepreneurs, partners, and industry leaders from different geographies, the event—like globalization, will be a catalyst for creativity, knowledge exchange, and solutions to pressing global business challenges as they scale in today’s environment. The celebration will feature:
- A fireside chat featuring Payoneer leadership, past and present, reflecting on two decades of empowering global trade and looking ahead to the future of cross-border commerce in an increasingly interconnected world.
- Ambition Hackathon NYC, where 20 select borderless Payoneer customers will present their growth challenges. Teams of Payoneer employees, partners, and industry innovators will collaborate to create actionable, impactful solutions.
- The Nasdaq closing bell ceremony, commemorating Payoneer’s 20-year journey and its role in shaping global business and cross-border trade.
