New York – (business wire)– Payoneer World Inc. (“Payoneer” or “we”) (NASDAQ: PAYO), a financial experience agency that helps the world’s small and medium-sized firms transact, do enterprise and develop globally, as we communicate launched Launched the appointment of Bea Ordonez. Our Deputy Chief Financial Officer will take influence on January 16, 2023. His current CFO of Payoneer, Michael Levine, will step down in March 2023. She tales to her co-CEO John Caplan.
“On behalf of John and all people at Payoneer, I want to extend our sincerest gratitude to Michael for his glorious administration and tireless dedication to the company over the earlier 11 years,” acknowledged Co-CEO Scott Garritt. “Michael has constructed a world-class financial group and I’ve had the pleasure of getting him as a valued affiliate and group member.”
“I depart Payoneer with the utmost confidence throughout the administration group’s ability to drive progress and profitability. It’s the becoming time to pursue your personal pursuits,” acknowledged CFO Michael Levine. “As a consequence of John, Scott and your full Payoneer group for his or her assist and friendship.”
Co-CEO John Caplan acknowledged: “Bea is a confirmed chief with quite a few expertise throughout the financial experience commerce and her experience as CFO of quite a few publicly traded companies. I am assured she is going to possible be an influential chief as we proceed to implement
Bea Ordonez says: “The Payoneer group has constructed a digital platform with spectacular world attain and scale, and we watch for working with them to assemble on their spectacular monitor file.”
Ordonez joins Payoneer after larger than 20 years of presidency experience in financial experience companies, with a cope with capital markets and banking, world shopping for and promoting platforms, and market data and analytics choices. Most simply these days, he was chief innovation officer at Webster Monetary establishment (NYSE: WBS). Her earlier roles embrace Sterling Nationwide Monetary establishment (NYSE: STL), OTC Markets Group (OTCQX: OTCM), and her CFO at G-Commerce and her COO at Convergex.
Substitute on 2022 Guidance and This fall 2022 Earnings Date
Based totally on preliminary inside outcomes, Payoneer expects to exceed its steering for the full yr 2022, reaffirming its earlier dedication to increase Adjusted EBITDA in 2023. Every of these may be discovered on his November 2022 earnings launch.
Payoneer will announce fourth quarter and full yr 2022 outcomes on February 28, 2023. Particulars will possible be described later.
Payoneer is a financial experience agency that enables the world’s small firms to transact, conduct enterprise and develop globally. Payoneer was primarily based in 2005 on the belief that experience is distributed equally, nonetheless different is not. Our mission is to permit anyone, anyplace to participate and thrive throughout the world digital monetary system. Since our inception, we have constructed a world financial platform. This already makes it easier for a whole bunch of hundreds of SMBs, significantly in rising markets, to receives a fee and paid, deal with their funds and develop their enterprise.
This press launch contains oral statements made by representatives of Payoneer sometimes, which may be thought-about “forward-looking statements” all through the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. . Forward-looking statements often relate to future events or future financial or working outcomes of Payoneer. As an illustration, projections of future volumes, revenues, transaction costs and adjusted EBITDA are forward-looking statements. In some cases, “could”, “should”, “depend on”, “intend”, “plan”, “will”, “will”, “estimate”, ” Phrases akin to “anticipate” set up forward-looking statements. ‘, ‘think about’, ‘predict’, ‘may’ or ‘proceed’, or the negation of these phrases or variations thereof or comparable phrases. Such forward-looking statements are matter to risks, uncertainties and totally different elements that will set off exact outcomes to fluctuate materially from these expressed or implied by such forward-looking statements. There’s an opportunity. These forward-looking statements are based on estimates and assumptions which may be believed to be inexpensive by Payoneer and its administration, nonetheless which, in some cases, are inherently uncertain. Elements that will set off exact outcomes to fluctuate materially from current expectations embrace, nonetheless aren’t restricted to: (1) On account of approved proceedings; (2) modifications in related authorized tips or guidelines; (3) Payoneer may be adversely affected by geopolitical and totally different monetary, enterprise and/or aggressive elements; (4) Payoneer’s estimate of financial effectivity. (5) totally different risks described in Payoneer’s Annual Evaluations on Kind 10-Okay for the interval ended December 31, 2021 and in future tales Payoneer may file with the SEC sometimes; uncertainty. Nothing on this press launch is a illustration that the forward-looking statements made herein will possible be achieved or that any of the supposed outcomes of such forward-looking statements will possible be achieved. should not be regarded as You should not place undue reliance on forward-looking statements, which talk solely as of the date they’re made. Payoneer undertakes no obligation to switch these forward-looking statements.