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Payoneer (NASDAQ: PAYO) Accelerates Growth:FY23 Revenue Jumps Over 32%, Bottomline Turns Positive
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Image source: shutterstock.com
Highlights
Financial technology company, Payoneer Global Inc. (NASDAQ: PAYO) facilitates small and medium-sized businesses (SMBs) to perform overseas and cross-border trade and transactions. Its payments platform brings together businesses, professionals, countries, and currencies.
For 2023, the company posted a 6% growth in active Independent Contractor Providers (ICPs) and around 36% increase in Average Revenue Per User (ARPU).
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