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Payoneer reaches $3.3b deal to go public with Betsy Cohen SPAC

Following its public debut, the firm plans to expand its offerings that allow businesses to transact with each other overseas, an area that’s long been dominated by pricey wire payments and paper checks. The firm also hopes to do more mergers and acquisitions of its own.

“Payoneer is a wonderful example -- and I’d be hard pressed to reach for another one that is quite as well advanced -- in which the adoption curves of consumers and the capacity of the technology have melded and merged quite so well,” Cohen said.

Tags

spac, m&a, payments