Payoneer Expands Global Footprint with Acquisition of Boundless

Payoneer, the global financial technology company, has completed the acquisition of Boundless, an Ireland-based Employer of Record (EOR) platform. The acquisition aligns with Payoneer's strategy to offer a comprehensive financial stack for small and medium-sized businesses (SMBs) operating internationally. By integrating Boundless into its operations, Payoneer aims to address the challenges associated with managing global accounts payable, particularly for cross-border SMBs.

This move also allows Payoneer to enhance its presence in Europe and cater to the increasing demand for compliant and scalable workforce solutions. Boundless specializes in facilitating cross-border payroll, taxes, benefits, and compliance, enabling businesses to focus on international expansion with confidence. Payoneer's CEO, John Caplan, emphasized the significance of this acquisition, stating that it strengthens the company's ability to assist businesses in accessing and managing talent globally.

Furthermore, Dee Coakley, CEO and co-founder of Boundless, expressed enthusiasm about the opportunity to leverage their European expertise on a global scale, providing more companies with efficient international hiring and compliance solutions. Payoneer, known as the financial platform for cross-border businesses and global payments, is dedicated to empowering millions of businesses with the necessary financial tools and services to facilitate global transactions and growth. The company's website, www.payoneer.com, offers additional information about its offerings.