" class="no-js "lang="en-US"> Payoneer Announces CFO Transition and Provides Update on 2022 Financial Results
Thursday, June 13, 2024

Payoneer Announces CFO Transition and Provides Update on 2022 Financial Results

Payoneer Global Inc. (“Payoneer” or the “Company”) (NASDAQ: PAYO), the financial technology company empowering the world’s small businesses to transact, do business and grow globally, today announced the appointment of Bea Ordonez as the Company’s Deputy Chief Financial Officer, effective January 16, 2023. Michael Levine, Payoneer’s current CFO, will step down from his position in March 2023 at which time it is our expectation that the Board of Directors of the Company will appoint Ordonez as CFO, and she would report to Co-CEO John Caplan.

“On behalf of John and everyone at Payoneer, I would like to express my sincere gratitude to Michael for his outstanding leadership and tireless dedication to the company over the past 11 years,” said Scott Galit, Co-CEO. “Michael has built a world-class finance organization and I’ve had the privilege of having him as a valued partner and team member.”

“I will be leaving Payoneer with the utmost confidence in management’s ability to drive growth and profitability. Payoneer is in a strong position and now is the right time for me to pursue other personal interests following a smooth transition of responsibilities,” said Michael Levine, CFO. “I would like to thank John, Scott, and the entire team at Payoneer for their support and friendship.”

“I am excited to welcome Bea to Payoneer,” said John Caplan, Co-CEO. “Bea is a proven leader with diverse expertise in the financial technology industry and has experience as CFO of multiple publicly traded companies. I am confident that she will be an impactful leader as we continue to evolve our broader executive team and execute on our strategic priorities.”

“I am thrilled to be joining Payoneer – a values driven, innovative company that is delivering solutions that truly power global digital commerce,” said Bea Ordonez. “The Payoneer team has built a digital platform with impressive global reach and scale and I look forward to working with the team to continue to build on the company’s impressive track record.”

Ordonez joins Payoneer following more than 20 years of C-suite experience in financial technology companies, with a focus on capital markets and banking, global trading platforms and market data and analytics solutions. She most recently served as the Chief Innovation Officer at Webster Bank (NYSE: WBS). Her prior roles include CFO positions at Sterling National Bank (NYSE: STL), OTC Markets Group (OTCQX: OTCM), and G-Trade, and as the COO at Convergex.

Update on 2022 Guidance and Fourth Quarter 2022 Earnings Release Date

Based on preliminary internal results, Payoneer expects to exceed full year 2022 guidance and the Company reaffirms its prior commitment to increase adjusted EBITDA for 2023, both of which were provided in its November 2022 earnings release.

Payoneer will release its results for the fourth quarter and full year of 2022 on Feb 28, 2023. Details to follow.

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