Payoneer
Beijing, California, United States
Valuation
$3.3B
2024 Revenue
$891.2M
Customers
14M
Funding
$270M
Avg ACV
$64
Team
2.2K
Profits
$1
Churn
5%
How Payoneer CEO Scott Galit grew to $891.2M revenue and 14M customers in 2024.
Provider of online payment distribution platform and services. The company offers prepaid cards. It also provides online payment options for registration, issuance, funding and reporting.
Last updated
Payoneer Revenue
In 2024, Payoneer's revenue reached $891.2M. The company previously reported $345.6M in 2020. Since its launch in 2005, Payoneer has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Payoneer Hit $891.2m revenue in December 2024Source | |
| 2020 | Payoneer Hit $345.6m revenue in December 2020 | |
| 2016 | Payoneer Hit $317.8m revenue in December 2016 | |
| 2005 | Launched with $0 revenue |
Payoneer Valuation, Funding Rounds
Payoneer's most recent disclosed valuation is $3.3B.
Payoneer has raised $270M in total funding across 7 rounds, with its most recent round in 2016.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2016 | Funding round | $180M | - | - | |
| 2015 | Funding round | $50M | - | - | |
| 2014 | Funding round | $1M | - | - | |
| 2014 | Funding round | $25M | - | - | |
| 2008 | Funding round | $8M | - | - | |
| 2007 | Funding round | $4M | - | - | |
| 2005 | Funding round | $2M | - | - |
Founder / CEO
Scott Galit
Scott Galit is the CEO of Payoneer. Prior to joining the Payoneer team, Scott was the Global Head of Prepaid for MasterCard, the founder and CEO of Solspark, SVP/General Manager of First Data Prepaid and EVP at Meta Payment Systems. He is thrilled to be leading Payoneer’s team around the world and is proud to be part of a company that empowers entrepreneurs to achieve their potential and access unlimited opportunities. Scott lives in New York with his wife, two kids and their dog Luna, the master of the house.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Payoneer serves 14M customers.
Payoneer Employees & Team Size
Payoneer employs approximately 2.2K people as of 2026, up from 1.8K in 2021, including 10 sales reps that carry a quota. It serves 14M customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 2.2K employees (December 2024) |
| 2021 | Reached 1.8K employees (April 2021) |
Frequently Asked Questions about Payoneer
What is Payoneer's revenue?
Payoneer generates $891.2M in revenue.
Who founded Payoneer?
Payoneer was founded by Scott Galit.
Who is the CEO of Payoneer?
The CEO of Payoneer is Scott Galit.
How much funding does Payoneer have?
Payoneer raised $270M.
How many employees does Payoneer have?
Payoneer has 2.2K employees.
Where is Payoneer headquarters?
Payoneer is headquartered in Beijing, California, United States.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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