Payoneer Strengthens Group With New Govt Hires

Govt crew targeted on optimizing worthwhile development technique

NEW YORK, January 30, 2023–(BUSINESS WIRE)–Payoneer World Inc. (“Payoneer” or the “Firm”) (NASDAQ: PAYO), the monetary know-how firm empowering the world’s small companies to transact, do enterprise and develop globally, at the moment introduced new govt hires inside its Go-To-Market and Company Growth groups. These modifications will strengthen Payoneer’s buyer focus and place the Firm to proceed to drive sustainable worthwhile income development.

  • Adam Cohen returns to Payoneer as Chief Development Officer. He’ll lead the Firm’s buyer development and international partnership technique and oversee the Firm’s six regional leaders. Cohen beforehand labored at Payoneer for six years, most not too long ago serving as its GM of Enterprise, and brings a deep understanding of each Payoneer and SMBs globally.

  • Kivanc Onan joins Payoneer as SVP World Product Commercialization. Onan will concentrate on growing buyer engagement, retention, and profitability, in addition to scaling new product alternatives throughout areas. Onan spent the previous 20 years in management roles at PayPal and Alibaba Group, driving market enlargement and development throughout worldwide markets and new product initiatives.

  • Kevin Ambrosini joins Payoneer as SVP Company Growth. Ambrosini will concentrate on increasing Payoneer’s product providing and geographic footprint by means of inorganic investments. Ambrosini joins Payoneer after years as an govt main international transformation at Alibaba.com. Earlier, he co-founded and was CFO at OpenSky, an ecommerce platform for SMBs acquired by Alibaba, and was a member of Morgan Stanley’s Know-how Funding Banking Group.

“I’m happy to announce additions to our management crew,” mentioned John Caplan, Co-CEO. “Payoneer is intently targeted on worthwhile development and on delivering long-term worth for our prospects, workers, and shareholders. We’re making modifications to our management crew to raised align our group, drive diversified income development by way of our distinctive regional leaders and thru acquisitions, and enhance working effectivity. I’m excited to deliver Adam Cohen again to the corporate to steer our international development effort and work carefully with our know-how, product, and operations leaders.

“Payoneer has a longtime monitor document of producing sturdy outcomes, and we’ve a chance to do even higher. We’re targeted on leveraging our differentiated international community to drive continued development, in addition to larger scale and working effectivity. These initiatives require revolutionary and disciplined leaders, and we’ve assembled a crew that we consider will allow us to ship on our strategic imaginative and prescient and long-term alternative. It should require significant time and effort, and we’re assured and excited concerning the path forward.”

“We stay dedicated to our long-term purpose of reaching 20% income development and 20% adjusted EBITDA margins,” mentioned Scott Galit, Co-CEO. “Realizing our alternative requires a robust crew and John’s concentrate on guaranteeing Payoneer has the expertise for our subsequent section of development has been a core a part of our progress over the previous yr. I’m enthusiastic concerning the crew we’re constructing to drive Payoneer’s future success.”

Robert Clarkson, Payoneer’s present Chief Income Officer, will step down from his position with the Firm efficient February 15, 2023. We thank him for his contributions to Payoneer and need him nicely in his future endeavors.

About Payoneer

Payoneer is the monetary know-how firm empowering the world’s small companies to transact, do enterprise and develop globally. Payoneer was based in 2005 with the assumption that expertise is equally distributed, however alternative just isn’t. It’s our mission to allow anybody anyplace to take part and succeed within the international digital economic system. Since our founding, we’ve constructed a worldwide monetary platform that has already made it simpler for tens of millions of SMBs, significantly in rising markets, to pay and receives a commission, handle their funds, and develop their enterprise.

Ahead-Trying Statements

This press launch contains, and oral statements made occasionally by representatives of Payoneer, could also be thought of “forward-looking statements” throughout the which means of the “protected harbor” provisions of the US Personal Securities Litigation Reform Act of 1995. Ahead-looking statements typically relate to future occasions or Payoneer’s future monetary or working efficiency. For instance, projections of future quantity, income, transaction price and adjusted EBITDA are forward-looking statements. In some circumstances, you possibly can establish forward-looking statements by terminology equivalent to “might,” “ought to,” “anticipate,” “intend,” “plan,” “will,” “to be,” “estimate,” “anticipate,” “consider,” “predict,” “potential” or “proceed,” or the negatives of those phrases or variations of them or comparable terminology. Such forward-looking statements are topic to dangers, uncertainties, and different elements which might trigger precise outcomes to vary materially from these expressed or implied by such ahead wanting statements. These forward-looking statements are based mostly upon estimates and assumptions that, whereas thought of affordable by Payoneer and its administration, because the case could also be, are inherently unsure. Components that will trigger precise outcomes to vary materially from present expectations embody, however are usually not restricted to: (1) the end result of any authorized proceedings; (2) modifications in relevant legal guidelines or laws; (3) the chance that Payoneer could also be adversely affected by geopolitical and different financial, enterprise and/or aggressive elements; (4) Payoneer’s estimates of its monetary efficiency; and (5) different dangers and uncertainties set forth in Payoneer’s Annual Report on Kind 10-Ok for the interval ended December 31, 2021 and future studies that Payoneer might file with the SEC occasionally. Nothing on this press launch must be considered a illustration by any person who the forward-looking statements set forth herein will probably be achieved or that any of the contemplated outcomes of such forward-looking statements will probably be achieved. You shouldn’t place undue reliance on forward-looking statements, which communicate solely as of the date they’re made. Payoneer doesn’t undertake any obligation to replace these forward-looking statements.

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Contacts

Investor Relations:
Michelle Wang
[email protected]

Media:
[email protected]

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