The first cross-border e-commerce payment stock is here! Payoneer successfully listed in the US

In the past five years, the scale of China's cross-border e-commerce has grown nearly 10 times. The rapid development of the industry has attracted capital chasing, and there have been constant news of financing for sellers in the industry. The first listed company in the industry this year has also appeared. On June 28 , Payoneer successfully listed on the Nasdaq in the United States, becoming the first cross-border e-commerce payment stock.

There are more than 600,000 domestic cross-border e-commerce related companies

The industry is very popular, and many people start to ask how to enter the industry after hearing about it. "I have been looking at the overseas e-commerce track recently. I have a friend who is doing this and asked me to do it together. I want to learn more about it." A cross-industry person told the editor.

This year, more than 42,000 cross-border e-commerce related companies have been newly added in China, and the total number has now exceeded 600,000. In the first quarter, China's cross-border e-commerce imports and exports reached 419.5 billion yuan, a year-on-year increase of 46.5%; of which exports reached 280.8 billion yuan, an increase of 69.3%. According to agency forecasts, the scale of China's cross-border e-commerce export transactions will reach 7.73 trillion yuan this year. A seller said bluntly: "It is not an exaggeration to say that the next two or three years will be the golden period for the development of cross-border e-commerce."

Facing one of the biggest trends this year, capital has been mobilized. As of mid-June, more than 23 cross-border e-commerce-related companies have received capital support this year, with a total financing amount of more than 10 billion yuan: in March, Nanjing swimwear giant Capessi received more than 100 million yuan in strategic financing; in April, fast fashion apparel brand Xike completed a $50 million Series B financing; in May, Nanjing apparel and home furnishing brand Lilysilk completed a tens of millions of yuan Series A+ financing...

Good news keeps coming. This week, another company in the industry successfully went public.

Payoneer lands on Nasdaq

In February this year , Payoneer reached an agreement and restructuring plan with FTAC Olympus Acquisition Corp (NASDAQ: FTOC), a transaction that will make Payoneer a U.S. listed entity.

Now that the business combination has been completed, the common stock and warrants of the newly formed public entity, Payoneer Global Inc., will be listed and traded on the Nasdaq starting today under the ticker symbols "PAYO" and "PAYOW," respectively.

At this point, Payoneer has won the title of "the first stock in cross-border e-commerce payment." Payoneer's global management team, led by CEO Scott Galit, CFO Michael Levine and COO Keren Levy, will continue to lead the company.

Judging from multiple industry financing cases this year, service providers and high-quality sellers are the preferred financing targets. The reasons are not difficult to understand: the industry is hot and the scale is growing. More practitioners are pouring into the overseas track. The demand for payment and other services has increased sharply, and the role of service providers has become increasingly important.

In the long-term development of an industry, "water sellers" are indispensable. Compared with gold-digging sellers who change quickly due to changes in platform rules, the positioning of service providers is destined to make it difficult for them to be eliminated. Instead, they will accumulate more users over time, which is an important reason why capital favors them.

Payoneer will launch more services that meet the needs of Chinese sellers

After going public, Payoneer will increase its investment in China, including human resources and capital, so that Chinese sellers can enjoy more localized services. As the first service provider to propose the concept of a cross-border ecosystem, this year Payoneer will also go one step further in integrating the global ecosystem and launch more products and services that meet the needs of Chinese sellers.

At the same time, Payoneer has also recently upgraded its brand. The new brand color is colorful, and the brand logo is a circle, highlighting the opportunity to connect the world through its many products, services and platforms.

While Payoneer continues to optimize its platform payment services for cross-border e-commerce and launch a series of value-added services, it has also turned its attention to new vertical fields in recent years, such as B2B traditional foreign trade payment solutions, one-stop merchant payment collection solutions, and Sui Xin Fu full-scenario payment solutions.

Payoneer was founded in New York, USA in 2005. Currently, it has 24 branches around the world, covering more than 150 currencies, with clearing networks in more than 100 countries, 5 million core users worldwide, and 900,000 active users in China. Its customers include well-known digital giants including Amazon, eBay, Airbnb, Facebook, and Google, as well as cross-border trading companies and individuals from various countries.

Since entering the Chinese market, Payoneer has helped Chinese sellers and cross-border trading companies to expand overseas by sharing financial technology and connecting global resources. In the future, it will continue to escort companies and individuals to expand overseas, and win global market opportunities together with Chinese brands.

To view the full press release, please click on "Entrance".

Payoneer, IPO