Susquehanna Growth Equity and Wellington Management bought $50m of Payoneer's shares from from existing backers that may have included insurer Ping An.
Susquehanna Growth Equity (SGE), an affiliate of technology and trading firm Susquehanna International Group, took part in a $50m secondary equity investment in US-based payments services provider Payoneer yesterday.
Investment firm Wellington Management led the funding, the firms acquiring shares from undisclosed existing backers. Payoneer did not disclose which backers had divested shares but stated all of its largest investors have retained the majority of their shares.
Payoneer has developed a financial services platform through which companies can transfer money…
