Payoneer Global Inc., a leading financial technology firm, reported robust financial results for the fourth quarter and full year of 2024, marking significant milestones in volume, revenue, and profitability. The company reached an all-time high of USD80 billion in annual volume, a 21 percent year-over-year growth, and an 18 percent increase in revenue, underscoring its expanding influence in the global SMB market.
CEO John Caplan highlighted Payoneer’s scalable, profitable business model and the growing demand for its high-value products, particularly its card and B2B services. He expressed confidence in the company’s ability to sustain strong growth into 2025, with a focus on regulatory expansion, technological modernization, and enhancing their financial stack.
Key achievements included a 42 percent increase in B2B volume, continued strong performance in marketplaces, and a 36 percent rise in Payoneer card usage. The company also made strategic moves with the acquisition of workforce management firm Skuad and received regulatory approval for its China-based payment service acquisition, expected to close in mid-2025.
Chief financial officer Bea Ordonez said that Payoneer is well-positioned to build on 2024’s momentum, with a positive 2025 outlook and confidence in meeting medium-term financial goals. As Payoneer continues to expand its global presence, its financial results reflect a strong trajectory of growth and increasing profitability.
