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Payoneer receives strategic investment from China Broadband Capital

Wednesday 6 December 2017 | 12:02 PM CET

Payoneer, a digital payments company, has announced that China Broadband Capital (CBC), one of China’s leading investment funds, has made an investment in the company.

 The funding will be used to further strengthen Payoneer’s global platform and accelerate investment in the company’s local China operations.

The Series E-1 funding follows last year’s USD 220 million Series E investment round, which included Technology Crossover Ventures (TCV), W Capital and other existing investors.

CBC’s investment is aimed at expanding the company’s services in China where it help local companies grow locally and other non-local companies enter the China market.

Payoneer connects businesses, professionals, countries and currencies with its cross-border payments platform to facilitating seamless, cross-border payments. Amazon, Google, Airbnb, UpWork and other companies use Payoneer's mass payout services.

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