Payoneer, a New York-headquartered digital funds firm that has raised greater than $265 million (€243.5 million) in funding, has secured an e-money licence from the Central Financial institution.
The information comes as the corporate introduced the opening of a brand new workplace in Dublin.
Payoneer is the 12th firm to be granted an e-money licence by the Central Financial institution, which permits it to passport its companies throughout the European Union. Different corporations to acquire the licence embrace Fb, Stripe, Soldo and Irish fintech Pay as you go Monetary Companies.
“This license is the end result of our efforts to make sure stability and continuity for our clients. With this funding, we’re capable of proceed to help the expansion of our clients from across the globe, protecting cross-border commerce flowing easily, whatever the regulatory modifications triggered by Brexit,” mentioned chief govt Scott Galit.
Based in 2005, Payoneer has developed a digital platform that facilitates deal with cross-border funds in additional than 200 nations. Among the many corporations to make use of its options are Airbnb, Amazon and Google.
The Dublin workplace will probably be headed by Patrick de Courcy, who beforehand ran Payoneer’s Asia Pacific operations.
General, the corporate, which is valued at greater than $1 billion, making it a so-called tech unicorn, claims 4 million clients globally. It has over 1,500 staff throughout 21 workplaces.
Backers of the corporate embrace Expertise Crossover Ventures, Susquehanna Progress Fairness and Viola Ventures.