Payoneer Brings In Remaining $3 Million Series A

On March 26, 2007, Payoneer announced that Greylock Partners was going to invest $4 million in their company.  I believe that the investment had some sort of performance requirements associated with the agreement because TechCrunch reported that Payoneer received the rest of the $3 million today.

Payoneer is a company that allows companies and/or business partners teh ability to pay each other via MasterCard online.  I may try out the service since I recently activated a MasterCard after applying for a Citi® Dividend Platinum Select® MasterCard®.  Payoneer is a private company that works with the Royal Bank of Scotland and the First Bank of Delaware to process credit card transactions.

The company was founded in 2005 and has an R&D facility in Tel Aviv, Israel.  The company was founded in 2005 and has an R&D facility in Tel Aviv, Israel.  Current Payoneer partners include Metacafe, Amie Street, oDesk, and BitWine.  Payoneer recently announced that they have also partnered with iStockphoto.  If I end up testing out the service, I’ll ensure to write my experience with Payoneer in the near future.

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