Report: Canadian Company in Advanced Talks to Buy Payoneer for About $2.7 Billion

According to Reuters, the sides could sign an agreement in the coming days. The deal is expected to combine Nuvei's payment processing operations with Payoneer's money transfer systems, and Payoneer employs about 1,000 workers in Israel.

A Payoneer spokesperson told mako: "We do not respond to speculation, we regularly examine opportunities that may create value for shareholders."

Dana גוטרזון, mako, published: 10.06.26, 10:31

Payoneer | Photo: Yalcin Sonat, shutterstock

Could another huge exit be on the way? The Canadian payments company Nuvei is in advanced talks to acquire the fintech company Payoneer in a deal valued at about $2.7 billion, according to two sources familiar with the matter cited by Reuters. According to the report, the price includes Payoneer's cash reserves, meaning the value of the business itself is estimated at about $2.3 billion.

The sources said the sides could sign the deal as soon as the coming days, but stressed that the talks are still ongoing and may not result in a final agreement. Such a deal would combine Nuvei's payment processing operations with Payoneer's money transfer systems, which are used by suppliers, freelancers and sellers around the world.

In addition, it is expected to strengthen Nuvei's presence in emerging markets, where Payoneer has a significant customer base, and expand its access to major e-commerce clients, including Amazon, Walmart and eBay.

John Kaplan, CEO of Payoneer, Payoneer | Photo: Payoneer

The payments industry has seen a wave of mergers and acquisitions in recent years, as companies seek to scale up and gain exposure to faster-growing areas such as cross-border payments and business-to-business payments.

Payoneer was founded in 2005 by Yuval Tal. Headquartered in New York, it employs an estimated 2,500 people, including about 1,000 workers at its development center in Israel, and its current market value is about $1.7 billion. The company reported $1.05 billion in revenue in 2024, an 8% increase from the previous year. However, its net profit fell 40% to $73.2 million, partly due to a decline in interest income and higher operating expenses.

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Payoneer told mako in response: "We do not respond to speculation published in the media. We continue to see significant growth potential ahead of us. Against the background of the changes and transformations currently taking place in the fintech and payments industries, it is only natural that there is growing interest from strategic buyers and financial investors seeking companies with unique assets and capabilities in the sector. "

"Together with the company's board of directors, we continuously examine opportunities that may create value for shareholders, and we always act responsibly and with sound judgment for the benefit of the company's shareholders."

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