Over half of the positions are in R&D, together with software program engineers and IT, with the remaining unfold throughout the corporate’s totally different sectors, together with product and challenge managers, and operation and advertising roles.
“We need to recruit these workers as shortly as potential. This can be a plan that must be carried out as quickly as potential. We now have a number of initiatives that require workers and the recruiting is a challenge in itself,” Payoneer COO Keren Levy instructed Calcalist. “We’re working from residence and we now have places of work in China and Hong Kong which made it simpler for us to permit our Israeli workers to work at home. We will likely be conducting many of the job interviews in Israel over Zoom, however at a sure stage we may also be interviewing them face-to-face.”
Based in 2005 and based mostly in central Israel with extra places of work in New York and Hong Kong, Payoneer offers on-line cash switch and digital cost providers. Customers pays and obtain funds through a number of strategies, together with bank cards, debit playing cards, digital wallets, and bank transfers. The corporate has raised roughly $245 million to this point.
Levy stated that the corporate initially waited to see how the Covid-19 disaster would have an effect on its enterprise however determined to increase after shortly seeing that the pandemic was strengthening the web cash switch and digital cost sectors.
“After a couple of weeks, we noticed that we’re using all the present traits within the international economic system, apart from tourism, which is now additionally starting to get well,” stated Levy, including that the corporate can also be contemplating an IPO. “We now have been fascinated with doing an IPO for some time. All our development engines are working and we’re persevering with to develop our platform. We now have a income of $300 million and are very nicely suited to an IPO. However that is not our objective, however reasonably a part of our path. We’re the best way to obtain our objectives and an IPO is a really respectable possibility.”
Payoneer employs 1,500 internationally, 900 of them in Israel. The accelerated digitization course of in a variety of sectors as a result of Covid-19 pandemic has elevated the demand for the providers supplied by the corporate, which was already one of many greatest cash switch companies on the earth, together with for the likes of Amazon and Walmart.
“The brand new world that was created in 2020 requires us to maneuver ahead shortly,” stated Payoneer CTO Noam Oren. “We’re reassessing our buyer expertise, including capabilities and refreshing the person expertise, and naturally are required to take one other leap in scale. We’re deepening the automatization each in our inside processes and within the instruments and models utilized by our inside and exterior shoppers. We need to add individuals who will assist us get stronger, enhance, undertake new instruments and construct extra providers with the brand new alternatives we now have been given and out of the understanding we now have relating to our new wants and complexities.”