Israeli fintech company Payoneer is being acquired for $2.75 billion in cash by Canadian fintech company Nuvei, which has previously completed a series of acquisitions in Israel, including Simplex and Teddy Sagi’s SafeCharge. Negotiations leading to the acquisition were first reported last week by Reuters.
Payoneer closed trading on Friday on Nasdaq with a market capitalization of $2.26 billion. The deal represents a 21% premium to the company’s closing share price last Friday, although the stock had already surged following the Reuters report. Under the agreement, Payoneer shareholders will receive $7.40 per share in cash, and the company’s stock will be delisted from Nasdaq.
Payoneer and Nuvei both operate in the payments and financial infrastructure sector, and their combination is expected to create a company with annual revenue of approximately $3 billion and payment volume of roughly $500 billion a year. Payoneer’s key strength lies in facilitating cross-border payments for small and medium-sized businesses.
Nuvei was itself a public company until 2024, when it was acquired by private-equity firm Advent International in a $6.3 billion deal and taken private. Advent has been building Nuvei into a global payments platform that serves the full range of financial and payment needs of multinational businesses, from supplier payments to payroll for overseas employees. The acquisition of Payoneer, a major player in managing international financial operations for small and medium-sized businesses, is expected to strengthen Nuvei’s position in that market.
Nuvei has a long history of acquisitions in Israel. In 2021, it acquired Simplex for $250 million, expanding into cryptocurrency payment processing. Earlier, in 2019, it paid $889 million for SafeCharge, the payment-processing company founded by Teddy Sagi that had built a significant presence among European e-commerce merchants.
The sale comes exactly five years after Payoneer’s Wall Street debut through a SPAC merger, which valued the company at $3.3 billion. As a result, the company’s public-market journey did not generate a positive return for investors who bought at the merger valuation, with the sale price approximately 17% below its debut valuation.
Payoneer’s platform is widely used by global marketplaces and platforms, including Amazon, Walmart, and eBay, giving Nuvei access to a broad e-commerce customer base. The acquisition will also expand Nuvei’s reach in emerging markets, where Payoneer has established a strong presence serving small businesses, entrepreneurs, and freelancers.
Payoneer was founded in 2005 by Yuval Tal and has long been regarded as one of Israel’s most successful fintech companies. Among its early investors was former Prime Minister Naftali Bennett, who invested as an angel investor shortly after the company’s founding. Bennett is believed to have sold his stake as part of a tender offer conducted ahead of the company’s SPAC merger and public listing.
Payoneer’s solutions enable customers, many of whom operate stores on Amazon and eBay or manage properties on Airbnb, to send and receive international payments more efficiently while reducing the costs associated with traditional banking systems. The company specializes in serving small and medium-sized businesses engaged in cross-border commerce.
The deal follows a challenging period for Payoneer, which has faced slowing growth and restructuring efforts over the past year. In December 2025, the company announced layoffs affecting approximately 30 employees in Israel, with additional workforce reductions globally amounting to roughly 6% of its staff. At the time, Payoneer employed around 1,000 people in Israel and approximately 2,000 worldwide.
The company has also faced uncertainty related to the U.S.-China trade tensions. According to Payoneer, customers in China accounted for 34% of its revenue in 2025. While revenue increased 8% to $1.05 billion last year, net income fell 40% to $73.2 million, reflecting lower interest income and higher operating expenses.
