Payoneer Inc. ( (PAYO) ) has released its Q4 earnings. Here is a breakdown of the information Payoneer Inc. presented to its investors.
Payoneer Inc. is a financial technology company that facilitates global transactions for small and medium-sized businesses, enabling them to operate and grow in the digital economy. The company is known for its comprehensive financial stack that simplifies cross-border commerce.
Payoneer reported strong financial results for the fourth quarter and full year of 2024, achieving a record annual transaction volume of $80 billion and an 18% increase in revenue. The company’s profitability also reached new heights, reflecting its robust business model and strategic execution.
Key financial highlights include a 21% year-over-year growth in transaction volume and a 32% increase in adjusted EBITDA. The company also saw significant growth in its B2B segment, with a 42% increase in volume. Additionally, Payoneer expanded its financial offerings by acquiring Skuad, a global workforce and payroll management company, and received regulatory approvals for a strategic acquisition in China.
Looking ahead, Payoneer remains optimistic about its growth prospects for 2025, with projected revenues between $1,040 million and $1,050 million. The company plans to focus on expanding its regulatory framework, modernizing technology infrastructure, and enhancing its financial services to sustain its growth trajectory.