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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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