Payoneer Features in CB Insights List of Top 250 Fastest-Growing Fintech Companies Globally
Payoneer recognized for its contribution in the cross-border payments and global e-commerce
Payoneer is the only fintech company present in India that provides cross-border payment services exclusively for the B2B trading/segment to have been featured in the list
Pune, India, October 23, 2018 – Payoneer, an innovative cross-border payments company that drives global eCommerce, has been featured in the CB Insights 2ndannual top 250 companies in Fintech sector, the only fintech company that provides cross-border payment services exclusively for B2B trading sellers and freelancers to have made it to the list.
Commenting on this achievement, Payoneer’s Country Head, Rohit Kulkarni said, “Payoneer does not just limit itself to transfer of payments, but our bigger goal is to enable Indian sellers to take global strides and sell more in international markets. India is a key strategic market for us, and with sellers and services on the rise who do cross-border trading, our mission is to empower every single Indian seller and freelancer through our platform experience. We are excited that CB Insights recognized our efforts and felicitated us as one of fastest growing fintech companies globally.”
The CB Insights research team selected the top 250 Fintech companies based on several factors including data submitted by each company and their Mosaic Score. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies. Through this evidence-based, statistically-driven approach, the Mosaic Score can help predict a company’s momentum, market health and financial viability.
The Payoneer Advantage:
Cost Effective: SMEs can receive funds from their international clients for ZERO transfer fees and at competitive rates as compared to other payment providers.
Convenient: Access to international receiving accounts and funds auto transferred to the local bank account in INR or in USD.
Compliant: Payoneer partners with India’s leading banks and helps its Indian customers with tax compliance
Global Marketplace Expansion: Payoneer partners with over 2000 enterprise clients including world-leading marketplaces like Amazon, Wish, Tophatter, Cdiscount, Lazada and Rakuten. We help our customers grow their businesses by expanding into new geographies and markets.
Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today’s borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Additionally, thousands of leading corporations including Airbnb, Amazon, Getty Images, Google and UpWork rely on Payoneer’s mass payout services.
With Payoneer’s fast, flexible, secure and low-cost solutions, businesses and professionals in both developed and emerging markets can now pay and get paid globally as easily as they do locally. Founded in 2005 and based in New York, Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000’s Financial Services companies and was awarded a spot on the 2018 CNBC Disruptor 50 list.