Achieved a record annual volume of $ 80 billion, 18% annual increase in revenue and record profitability. 2025 guidance reflects business moments and confidence in further strong performance.
Payoneer Global Inc. (“Payoneer” or “company”) (Nanda: Pay), Financial Technology Company, which strengthens the world’s small and medium -sized companies, doing business and growing globally, today reported financial results for its fourth quarter and full year that ended December 31, 2024.
According to John Capplan, CEO of Payoneer, ”2024 was a crucial year for Payoneer. We achieved new items for annual volume, revenue and profitability, saw exceptional volume and revenue growth with B2B small and medium -sized companies, operated increased adoption of our products with high value and expanded our financial stack. These achievements are proof of our scalable, increasingly profitable business model, the size of our opportunity and the strength of our implementation. As we look forward to 2025, we will focus on expanding our regulatory moat, modernizing our technology infrastructure and further improving our financial stacks while trying to deliver continued strong growth and profitability. “
All year 2024 Business Height Points
- The total volume increased by 21% compared to $ 80 billion. B2B volume growth was particularly strong and grew 42% compared to the previous year.
- 8% ICP growth the year before. Volume and revenue from $ 10,000+ ICP both increased by over 20% for the entire year.
- 18% growth from year to year in Arpu, which is driven by Business Mix, increased the adoption of our products with high value, especially our card product, our various pricing and offering initiatives and higher interest income. Arpu excluding interest income increased by 21% year over the year.
- $ 7.0 billion of customer funds (including both short -term and long -term funds) as of December 31, 2024, an increase of 9% compared to the previous year.
- Implemented measures to reduce future sensitivity to interest rate operations by $ 1.8 billion of funds underlying customer balances invested in US state security and term -based deposits as of December 31, 2024, and long -term interest -mortar instruments purchased with respect to $ 1.9 billion in funds.
- Acquired Skuad, a global company for labor and wage management. The acquisition speeds up our strategy to deliver an extensive and integrated financial stack for SMEs that work internationally.
- $ 137 million in repurchase of shares at a weighted average price of $ 5.50 and repurchases and recalled all 25 million outstanding public warrants for $ 21 million.
- In February 2025, we announced that we had received government approvals in China required to complete our previously announced acquisition of a licensed China-based payment service provider. The transaction is expected to close during the first half of 2025, subject to customary closing conditions.
Fourth quarter 2024 Business Highlights
- 18% volume growth the year before reflects:
- The B2B volume of $ 3.0 billion increased by 37% compared to the previous year, driven by continued strong customer acquisition and increased average transaction sizes.
- SMS, which sells in marketplaces volume of $ 13.4 billion increased by 14% compared to the year under strong performance with large e-commerce vendors.
- Merchant Services (cash) volume of $ 218 million increased by 114% compared to the previous year.
- Corporate payments volume of $ 5.9 billion increased by 17% compared to the previous year.
- Register $ 1.5 billion in Payoneer card expenditure, an increase of 36% compared to the previous year, as customers are increasingly using our card product for their global accounts to be paid and when we continue to pursue assumptions in all regions. Full -year use use of $ 5.2 billion increased by 36% compared to the previous year.
2025 guidance
Bea Ordonez, CFO of Payoneer stated that “Payoneer delivered record revenue and profitability in 2024. We achieved 20% growth in revenue excluding interest income and delivered three consecutive quarters of positively adjusted EBITDA exclusive interest income. Our 2025 guidance is compatible with our financial goals in the medium term and reflects our confidence in our strategy and in our ability to continue to build on the strong speed in 2024. “Bea Ordonez, economic head of Payoneer, stated that” Payoneer delivered record revenue and profitability in 2024. We achieved 20% growth in Revenue in Revenue in Revenue Consecrates of positive quarters. Our 2025 guidance is compatible with our financial goals for the medium term and reflects our confidence in our strategy and in our ability to continue to build on the strong speed in 2024. ”(1)
(1) The company cannot unite its expected adjusted EBITDA to expected net profit during “2025 guidance” without unreasonable efforts because certain items affecting net profit and other detention meter are outside the company’s control and/or may not be predicted at this time, including income taxes, other financial (income) expenses. Such inaccessible information may have a significant impact on the company’s GAAP’s financial results. See “Financial Information; Non-Gaap-Financial Actions ”below for a description of the calculation of adjusted EBITDA.
About Payoneer
Payoneer is the financial technology company that provides the world’s small and medium -sized companies to shop, do business and grow globally. Payoneer was founded in 2005 with the belief that talent is equally distributed, but it is not. It is our mission to enable all entrepreneurs and companies anywhere to participate and succeed in an increasingly digital global economy. Since its founding, we have built a global financial stack that removes obstacles and simplifies cross -border trade. We make it easier for millions of small and medium -sized companies, especially in emerging markets, to connect to the global economy, pay and get paid, manage their funds over several currencies and grow their companies.
