NEW YORK–(BUSINESS WIRE)–Payoneer Global Inc. (“Payoneer” or the “Company”) (NASDAQ: PAYO), the financial technology company that enables small businesses around the world to transact, do business and grow globally, today announced new executive hires to its Go-To-Market and Corporate Development teams. These changes will strengthen Payoneer’s customer focus and position the company to continue to deliver profitable and sustainable revenue growth.
- Adam Cohen returns to Payoneer as Director of Growth. He will lead the company’s global customer and partnership growth strategy and oversee the company’s six regional leaders. Cohen previously worked at Payoneer for six years, most recently as the company’s Managing Director, and brings an in-depth understanding of Payoneer and SMBs globally.
- Kivanc Onan joins Payoneer as SVP Global Product Marketing. Onan will focus on increasing customer engagement, retention and profitability, as well as scaling new product opportunities across all regions. Onan has spent the past two decades in leadership roles at PayPal and Alibaba Group, driving market expansion and growth in international markets and new product initiatives.
- Kevin Ambrosini joins Payoneer as SVP Corporate Development. Ambrosini will focus on expanding Payoneer’s product offering and geographic footprint through inorganic investments. Ambrosini joins Payoneer after years as a senior global transformation executive at Alibaba.com. Previously, he co-founded and served as CFO of OpenSky, an e-commerce platform for SMEs acquired by Alibaba, and was a member of Morgan Stanley’s Technology Investment Banking Group.
“I am pleased to announce additions to our leadership team,” said John Caplan, co-CEO. “Payoneer is firmly focused on profitable growth and creating long-term value for our customers, employees and shareholders. We are making changes to our leadership team to better align our organization, drive diversified revenue growth through our exceptional regional leaders and through acquisitions, and improve operational efficiencies. I’m excited to bring Adam Cohen back to the company to lead our global growth effort and work closely with our technology, product and operations leaders.
“Payoneer has a proven track record of delivering strong results, and we have the opportunity to do even better. We are focused on leveraging our differentiated global network to drive continued growth, as well as greater scale and operational efficiency. These initiatives require disciplined leaders and innovations, and we have assembled a team that we believe will enable us to achieve our strategic vision and long-term opportunities. This will take significant effort and time, and we are confident and excited about the path forward.
“We remain committed to our long-term goal of achieving 20% revenue growth and 20% Adjusted EBITDA margins,” said Scott Galit, co-CEO. “Realizing our opportunity requires a strong team and John’s focus on ensuring Payoneer has the talent for our next phase of growth has been central to our progress over the past year. I am excited about the team we are building to ensure Payoneer’s future success.
Robert Clarkson, Payoneer’s current Chief Revenue Officer will step down from the company effective February 15, 2023. We thank him for his contribution to Payoneer and wish him well in his future endeavours.
Payoneer is the financial technology company that enables small businesses around the world to transact, do business and grow globally. Payoneer was founded in 2005 with the belief that talent is fairly distributed, but opportunity is not. Our mission is to enable anyone, anywhere to participate and succeed in the global digital economy. Since our inception, we have built a global financial platform that has already enabled millions of SMEs, especially in emerging markets, to pay and get paid, manage their funds and grow their business.
This press release includes, and oral statements made from time to time by representatives of Payoneer, may be deemed “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act. 1995. – Forward-looking statements generally relate to future events or Payoneer’s future financial or operating performance. For example, projections of future volumes, revenues, transaction costs and Adjusted EBITDA are forward-looking statements. In some cases, you can identify forward-looking statements by words such as “may”, “should”, “expect”, “intend”, “plan”, “will”, ” to be”, “to estimate”, “to anticipate”. ”, “believe”, “predict”, “potential” or “continue”, or the negative terms of these terms or their variations or similar terminology. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These forward-looking statements are based on estimates and assumptions that, while considered reasonable by Payoneer and its management, as applicable, are inherently uncertain. Factors that could cause actual results to differ materially from current expectations include, but are not limited to: (1) the outcome of any legal proceedings; (2) changes in applicable laws or regulations; (3) the possibility that Payoneer will be adversely affected by geopolitical and other economic, business and/or competitive factors; (4) Payoneer’s estimates of its financial performance; and (5) other risks and uncertainties set forth in Payoneer’s Annual Report on Form 10-K for the period ended December 31, 2021 and future reports that Payoneer may file with the SEC from time to time. Nothing in this press release should be taken as a representation by anyone that the forward-looking statements set forth herein will be realized or that any of the results contemplated by such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Payoneer undertakes no obligation to update these forward-looking statements.