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Payoneer Hires Assaf Ronen as Chief Platform Officer to Lead Newly-Established Platform Division
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Rhea-AI Summary
Payoneer (NASDAQ: PAYO) has appointed Assaf Ronen as its first Chief Platform Officer, tasked with leading the newly established Platform division combining Technology, Product, and High Value Service units. Ronen, previously Chief Product Officer at SoFi, brings extensive experience from Amazon and Microsoft. His leadership is expected to drive innovation in High Value Service offerings and enhance the Payoneer Account functionality. This strategic move aims to empower entrepreneurs and SMBs, focusing on customer-centric solutions in the evolving digital economy.
Positive
Appointment of Assaf Ronen as Chief Platform Officer to enhance leadership team.
Ronen's extensive experience in fintech and product expansion expected to drive growth.
Creation of a unified Platform division aims to streamline services and innovation.
Negative
Concerns about potential challenges in integrating the new division effectively.
SoFi, Amazon, and Microsoft alum brings track record of product and service expansions to Payoneer’s Executive Leadership Team
NEW YORK--(BUSINESS WIRE)--
Payoneer (NASDAQ: PAYO), the commerce technology company powering payments and growth for the new global economy, today announced that Assaf Ronen has joined as the company’s first Chief Platform Officer. Starting this week, he will lead Payoneer’s newly-established Platform division, which brings together Payoneer’s Technology, Product, and High Value Service units into one integrated team.
Payoneer’s customers are entrepreneurs and SMBs in emerging markets, and the world’s leading digital brands that work with them. Through the Platform division, Payoneer will continue to innovate and expand its High Value Service offerings, including B2B AP/AR, Working Capital, and Merchant Services, enhance the functionality of the Payoneer Account, and build new financial products over time for Payoneer’s customers.
Ronen joins Payoneer from SoFi [NASDAQ: SOFI], where he was the Chief Product Officer, leading the product, technology, engineering, and design teams. Prior to SoFi, he founded and was Vice President of Amazon’s Alexa shopping group and had previously been a Vice President in Amazon’s payments business. Before his time at Amazon, Assaf spent seven years at Microsoft, where he served as general manager of Skype, and as general manager of the company’s identity, access, and security products.
“We’re thrilled to bring Assaf aboard. He is a visionary product, technology, and business leader. We have tremendous growth opportunities and Assaf’s deep fintech experience and track record of delivering product and service expansions will add strength to our diverse global leadership team,” said John Caplan, Co-CEO of Payoneer.
“Payoneer has built a platform, brand, ecosystem of relationships and team that is second to none and that is rooted in customer-centricity,” said Assaf Ronen, Chief Platform Officer at Payoneer. “I’m excited to join this amazing team and look forward to helping deliver even more value for the world’s SMBs.”
About Payoneer
Payoneer is the world's go-to partner for digital commerce, everywhere. From borderless payments to boundless growth, Payoneer promises any business, in any market, the technology, connections and confidence to participate and flourish in the new global economy.
Since 2005, Payoneer has been imagining and engineering a truly global ecosystem so the entire world can realize its potential. Powering growth for customers ranging from aspiring entrepreneurs in emerging markets to the world's leading digital brands like Airbnb, Amazon, Google, Upwork, and Walmart, Payoneer offers a universe of opportunities, open to you.
Forward-Looking Statements
This press release includes, and oral statements made from time to time by representatives of Payoneer, may be considered “forward-looking statements”. Forward-looking statements generally relate to future events or Payoneer’s future financial or operating performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “plan,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Payoneer and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to the occurrence of any of the risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements”, as well as any further risks and uncertainties contained, in Payoneer’s Annual Report on Form 10-K for the period ended December 31, 2021 and future reports that Payoneer may file with the SEC from time to time. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Payoneer does not undertake any duty to update these forward-looking statements.
Who is Assaf Ronen and what is his role at Payoneer?
Assaf Ronen has been appointed as the Chief Platform Officer at Payoneer, leading the new Platform division that combines Technology, Product, and High Value Service units.
What are the expected impacts of Assaf Ronen's appointment on Payoneer?
Ronen's appointment is expected to enhance product and service offerings, drive innovation, and improve customer solutions for entrepreneurs and SMBs.
What background does Assaf Ronen have before joining Payoneer?
Before joining Payoneer, Assaf Ronen was the Chief Product Officer at SoFi and has held significant roles at Amazon and Microsoft.
What is the focus of Payoneer’s newly established Platform division?
The Platform division focuses on integrating technology and services to enhance product offerings and streamline operations for better customer support.
