Payoneer aims for USD 3.3 bln equity value after FTAC Olympus Acquisition merger

Thursday 4 February 2021 11:07 CET | News

US-based payments and commerce-enabling company Payoneer and FTAC Olympus Acquisition have entered into a definitive agreement and plan of reorganisation. 

Upon closing of the reorganisation, the newly created holding company will be renamed Payoneer Global and the combined company will operate as Payoneer, a US publicly listed entity. The company is expected to have an implied estimated enterprise value of approximately USD 3.3 billion at closing, based on current assumptions.

Payoneer’s management team will continue to lead the company. Payoneer has been backed by investments from TCV, Susquehanna Growth Equity (SGE), Viola Ventures, Wellington Management, Nyca Partners, Temasek and more. Payoneer services include: marketplace payments; B2B accounts payable / accounts receivable; merchant services; working capital; and risk and compliance services.

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Keywords: Payoneer, FTAC Olympus Acquisition, merger, mergers and aquisitions, Susquehanna Growth Equity, Viola Ventures, Wellington Management, NYCA Partners, Temasek, United States, US, North America
Categories: Payments & Commerce
Countries: United States
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