NEW YORK, Nov. 17, 2015 (GLOBE NEWSWIRE) -- Payoneer announced today it has been awarded a ranking on Deloitte’s Technology Fast 500™. This prestigious award is a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Only 12% of companies have achieved the rare feat of being listed for four consecutive years since the inception of Fast 500™ 21 years ago.
“As the category leader in the cross-border B2B space, we’re delighted to once again be recognized for the connections we’re making between businesses, professionals, countries and currencies,” explains Scott Galit, Payoneer’s CEO. “Payoneer has consistently grown at a rapid rate because we are using technology to change the way businesses are able to transact across borders with their trading partners. We’re constantly creating new partnerships and connections for our customers that enable us to offer a unique global payments platform that empowers marketplaces, corporations and SMEs worldwide to sell more goods and services across borders, regardless of where they’re located around the globe.”
“Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology’s continued disruption and proliferation across industries,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year’s Fast 500 and look forward to seeing their continued growth into 2016.”
About Deloitte’s 2015 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Payoneer
Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today’s borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Additionally, thousands of leading corporations including Amazon, Google, Airbnb, Amazon, Upwork and Getty Images rely on Payoneer’s mass payout services.
With Payoneer’s fast, flexible, secure and low-cost solutions, businesses and professionals in both developed and emerging markets can now pay and get paid globally as easily as they do locally. Founded in 2005 and based in New York, Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000’s Financial Services companies. For more information, visit us at www.payoneer.com or follow us on Twitter and Facebook.