Payoneer Ranked Number 34 Fastest Growing Company in North America on Deloitte's 2012 Technology Fast 500™

NEW YORK, November 14, 2012 /PRNewswire/ --

Payoneer Inc. today announced it ranked 34 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.  Payoneer grew 4,751 percent during this period.

Payoneer's chief executive officer, Scott Galit, credits the quality of the company's partners and its great team with Payoneer's rapid growth. He said, "Payoneer accelerates growth for e-commerce companies and many other businesses by improving the way they make payments to more than 200 countries worldwide.  Payoneer offers more choice, lower cost, flexible technology, better service and increased speed and satisfaction for both senders and recipients.  We now offer a complete global multi-currency solution that solidifies our leadership position in this emerging market and demonstrates our commitment to meet the evolving needs of our corporate partners and customers around the world."

"We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader.  "These ground-breaking companies have outpaced their competition and are reinventing the way we do business today."

"The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy," said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). "As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of Payoneer for this impressive accomplishment."

About Deloitte's 2012 Technology Fast 500™

Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies - both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.

About Payoneer

Founded in 2005, Payoneer is an industry-leading global payments company accelerating growth for its customers by improving the way they manage and make payments in more than 200 countries worldwide. Payoneer's complete solution provides a simple, secure, compliant and cost-effective way for companies of all sizes to offer superior and cost-saving payments options including: prepaid debit cards, deposits to local banks worldwide, international wire transfers, mobile payments, global and local eWallets and local-currency paper checks. Venture backed and profitable, Payoneer has served thousands of companies and more than one million payees around the world. For more information, visit us at http://www.payoneer.com.

Ronit Druker, VP Marketing, Payoneer, +1-646-461-9169, [email protected]

SOURCE Payoneer Ltd.