Payoneer Global Inc. - PAYO STOCK NEWS

Payoneer (NASDAQ: PAYO) announced the winners of its sixth annual Entrepreneurship Awards, recognizing outstanding digital entrepreneurs from Australia, India, Israel, Mexico, and China. Notably, women secured 60% of the awards among 4,315 entrants from 170 countries. The winners include Candice Deepler (Disruptor of the Year), Archana Garodia Gupta (Socially Responsible Business of the Year), Lior Pozin (eCommerce Business of the Year), Guadalupe Rincón (Freelance Business of the Year), and Wen Xu (Entrepreneur of the Year). The awards celebrate creativity and sales growth in the digital economy.

Payoneer Global Inc. (NASDAQ: PAYO) reported a 47% increase in Q4 2021 revenue, reaching $139.2 million, up from $94.7 million in 2020. The net loss widened to $18.9 million, compared to $11.2 million in 2020. Adjusted EBITDA improved to $13.5 million from a loss of $0.8 million. For the full year, revenues rose 37% to $473.4 million. The company's B2B AP/AR volume grew over 75% year-over-year. Guidance for 2022 projects revenues between $530 million and $540 million, with Adjusted EBITDA expected to be between $(25) million and $(35) million.

Payoneer Global Inc. (NASDAQ: PAYO) has announced its participation in two upcoming virtual investor conferences. On March 10, 2022, CEO Scott Galit and CFO Michael Levine will present at Wolfe’s FinTech Forum at 10:25 am ET. Following that, on March 21, 2022, they will participate in Bank of America’s Electronic Payments Symposium at 9:15 am ET. Webcasts and replays will be accessible via the Company's investor relations website.

Payoneer powers payments and growth for businesses operating in the global economy, providing technology and connections for success.

Payoneer Global Inc. (NASDAQ: PAYO) will announce its fourth quarter and full year 2021 financial results on March 3, 2022, after market close. A conference call and earnings webcast will follow at 4:30 p.m. Eastern Time. Investors can access the live webcast and replay on the Payoneer Investor Relations website. Since 2005, Payoneer has positioned itself as a leader in digital commerce, providing borderless payment solutions to businesses and fostering growth in the global economy.

Payoneer (NASDAQ: PAYO) has released its 2022 Global Freelancer Income Report, showing a 40% increase in the average global hourly freelance rate, now at $28, up from $21 in 2020. The report surveyed 2,000 freelancers and found that 30% reported higher demand for services since the pandemic, with sectors like programming and marketing seeing the strongest growth. However, the gender pay gap persists, with women earning $37 per hour compared to men at $52, particularly in North America. Notably, female freelancers' participation increased from 24% to 29%.

Payoneer Global Inc. (NASDAQ: PAYO) announced participation in Needham’s 24th Annual Virtual Growth Conference on January 11, 2022, at 2:00 PM ET. CEO Scott Galit and CFO Michael Levine will engage in a fireside chat, providing insights into the company's role in the digital commerce sector. Payoneer, founded in 2005, offers payment solutions facilitating borderless growth for businesses, from startups to established brands like Airbnb and Amazon. Investors can access the webcast via the company's investor relations website.

Payoneer (NASDAQ: PAYO) has expanded its partnership with Awin Group, enhancing international payment solutions for global publishers. The collaboration aims to streamline payment processes, reflecting strong past performance with a major reduction in failed transactions—down 90% this year. Nearly 70% of Awin's international payments are now processed through Payoneer. This partnership, which builds on successful previous integrations with ShareASale and Commission Factory, underscores a commitment to improving user experience and reliability in affiliate marketing payments.

Samotics, a leader in energy efficiency insights, has secured EUR 14.5 million in a Series A funding round led by 83North. Their AI-based SaaS platform analyzes electric motor systems to enhance performance and reduce energy consumption. With a 150% revenue increase in the past year and 30 new customers, including Thames Water and NLMK Steel, Samotics aims to expand its market presence and technological capabilities. This investment supports heavy industries in achieving net-zero targets while addressing significant energy wastage.

Payoneer (NASDAQ: PAYO) announced a new working capital program aimed at supporting sellers on the Walmart U.S. Marketplace. The expanded Payoneer Capital Advance offers three flexible options tailored to meet diverse business needs: Capital Advance Express (1-month settlement), Capital Advance Grow (3-month settlement), and Capital Advance Plus (6-month settlement). This initiative comes as online sellers face challenges in managing cash flow, particularly during peak seasons. Access to these funds helps sellers reinvest and pursue growth opportunities.