Payments FinTech Payoneer has gone public through a merger with a special purpose acquisition company (SPAC).
In Brief:
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In total, the merged entity is now worth $3.3bn.
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This means Payoneer receives $300mn from investors.
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The deal is with FTAC Olympus Acquisition Corp.
What does this mean?
Payoneer offers B2B payments for merchant businesses of all shapes and sizes, with Amazon and Google among its clients. FTAC says that Payoneer is “at the forefront of the shift to digital commerce across all sectors”.
