Announced
Completed
Financials
Tags
Majority
Friendly
Private
Merger
Private Equity
Domestic
United States
Single Bidder
Payments / Commerce
Acquisition
Reverse Takeover
payment solutions
De-SPAC
Completed
FinTech
Synopsis
Payoneer, an online payment startup, went public via a merger with FTAC Olympus Acquisition, a blank-check firm backed by banking entrepreneur Betsy Cohen, in a $3.3bn deal. "The Payoneer team has positioned the company incredibly well to capitalize on the expansion of global commerce, and we are proud to be their partner during this next phase of growth. Payoneer has a strong balance sheet with ample capital to expand its already broad suite of services, both organically, by deepening existing merchant relationships and continuing to build new ones, and through strategic acquisitions," Betsy Cohen, FTAC Olympus Acquisition Chairman of the Board of Directors.
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