Payoneer in SPAC merger talks
January 22, 2021- Share:
Online payments company Payoneer has held discussions about merging with a blank-check company, Bloomberg reported. The deal with the SPAC, led by The Bancorp founder and CEO Betsy Cohen, could reportedly value the combined company at $2.5 billion. Backed by investors like Greylock Partners, Wellington Management and TCV, Payoneer was valued at over $900 million after raising a $180 million Series E in 2016.
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