Payoneer focusing on expanding, adding partnerships, CFO says

Payoneer (PAYO) is a financial technology company that provides online money transfer, digital payment services. In an exclusive interview with The Fly, the company’s CFO Bea Ordonez talked about partnerships with different marketplaces. “It’s an ecosystem that we continue to invest in. From our founding, in 2005 we built an infrastructure that was designed to facilitate marketplace payouts from the likes of Amazon (AMZN) and eBay (EBAY) and all those kinds of folks into third-party sellers on a global basis. Our relationships with marketplaces vary. We have exclusive relationships with some where we are the exclusive provider of payment services into those. For others, we’re part of their broader ecosystem in terms of providing payment services. But in all cases, we view sort of these marketplaces and platforms as a key strategic advantage for us. They form a powerful ecosystem for us and a powerful acquisition tool in terms of the SMBs that we serve, and they give us real scale sort of in general, which we then leverage within our banking network as well. We continue to focus on broadening and expanding those relationships and adding relationships. We have a team that is dedicated to that and continuing to make investments to support, to support that side of the business.” “Meet the Company” is The Fly’s recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company. The remainder of this interview to follow.