Payoneer raises $8,000,000

Payoneer, Inc., a provider of co-branded reloadable prepaid MasterCard® cards, announced today that it received an $8 million Series B investment.  Founded in 2005, Payoneer Inc. provides corporate payout solutions that lets companies pay authorized payees worldwide using prepaid MasterCard® cards. The company focuses on Internet-centric companies of any size who need an efficient, cost-effective means of paying contractors freelancers, and/or employees worldwide. Payoneer has hundreds of thousands of Payoneer cards in circulation.