Israeli Digital Payment Company Payoneer Raises $180M

October 5, 2016 | Israeli digital payments company Payoneer has raised $180 million in growth equity financing from TCV (Technology CrossOver Ventures) with the participation of former investor Susquehanna Growth Equity. The financing includes $90 million for expanding the company while shareholders sold a stake worth a further $90 million. This is the largest-ever investment in an Israeli FinTech company. Payoneer transforms the way businesses send and receive cross-border payments. The company was founded in 2005 in Israel by president Yuval Tal and former CTO Ben Yaniv Chechik and has raised $235 million to date including the latest financing round. Payoneer is headquartered in New York and has its development office in Tel Aviv, which houses 560 of the company’s 760 employees worldwide.