Payoneer Celebrates 20 Years of Powering Borderless Trade

As part of its 20th anniversary, Payoneer is investing in Endeavor to help fund its new initiative. 

Global financial technology (fintech) company Payoneer is celebrating 20 remarkable years of transformation, innovation and the entrepreneurs that embody ambition that transcends borders and boundaries.

Founded in 2005, Payoneer has been empowering the world’s small and medium-sized businesses to transact, do business, and grow globally. 

“For 20 years, Payoneer has been helping businesses turn ambition into achievement, wherever they are in the world,” said Nagesh Devata, Senior Vice President for Asia Pacific at Payoneer.

Last year, the company was able to power an annual transaction volume of $80 billion (approximately PHP 4.44 trillion). It recently acquired workforce and payroll management platform Skuad, which allows Payoneer to further its mission of providing an end-to-end stack of financial services and tools that enable businesses to grow seamlessly across borders. 

Empowering Entrepreneurs Through Endeavor 

With a commitment to empowering entrepreneurs, the company’s Payoneer Foundation is investing $2 million (approximately PHP 111 million) over the next three years to support Endeavor, a global community of, by, and for high-impact entrepreneurs. 

This investment seeks to support Endeavor’s new Organizational Growth Program, which is designed to accelerate the scale and impact of its global network of 2,900 entrepreneurs. This includes Endeavor’s elite Outliers, its fastest-growing, high-impact companies. 

“Entrepreneurs and small businesses around the world are leading the next chapter of global commerce,” Devata pointed out. “Payoneer’s global licenses, local expertise, and strong ecosystem relationships position us to continue to power trade from anywhere to everywhere, and lead the industry.”

Devata added, “Our partnership with Endeavor strengthens our mission to empower entrepreneurs and drive global commerce, reinforcing an environment of trust and opportunity across borders.”

“When we support a founder in an emerging market, we don’t just fuel one company, we unlock their Multiplier Effect™, empowering them to train, mentor, and invest in the next generation,” Endeavor Co-Founder and CEO Linda Rottenberg said. “That’s why we’re especially thrilled to partner with Payoneer to help entrepreneurs around the world unlock their potential and reshape global entrepreneurship.”

Payoneer’s Landmark 20th Anniversary Celebration Event

In addition to its Endeavor investment, Payoneer hosted a landmark event in New York City to celebrate its two decades in the industry. The event, which connected entrepreneurs, partners, and industry leaders from different geographies, served as a catalyst for creativity, knowledge exchange, and solutions to pressing global business challenges.

The Ambition Hackathon NYC was part of this anniversary event as 20 selected Payoneer customers had the opportunity to present their growth challenges. Teams of Payoneer employees, partners, and industry innovators then collaborated to create actionable, impactful solutions.

There was a fireside chat featuring Payoneer leaders from past and present, who discussed the company’s two decades of empowering global trade, as well as what lies ahead for cross-border commerce. 

Lastly, the event also featured a Nasdaq closing bell ceremony, which commemorated Payoneer’s 20-year journey and its crucial role in shaping global business and cross-border trade.