Cross border payments company, Payoneer, whose aim it is to simplify global commerce, announced yesterday that it received a $25 million boost.
The funding round was led by new investor Susquehanna Growth Equity. Existing investors also contributed:
- Carmel Ventures
- Greylock IL
- Vintage Venture Partners
The New York-based company plans to use the funds to:
- Accelerate its product roadmap
- Expand into new verticals and markets
- Increase sales and marketing investments
- More actively pursue acquisitions
Prior to this round, Payoneer received $8 million in Series B, $4 million in Series A, and $2 million in Seed funding. Combined, this brings the company’s total funding to $39 million.
Check out Payoneer’s live demo video from FinovateAsia 2013.