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Payoneer buys cloud-based payments platform Optile - Business Insider

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Payoneer just bought a cloud-based payments platform, and its CEO says more strategic acquisitions are on his to-do list

Scott Galit, CEO of Payoneer, Keren Levy, COO of Payoneer, and Daniel Smeds, founder and CEO of OptilePayoneer, a cross-border payments fintech, just bought Munich-based payments platform Optile.

Founded in 2010, Optile will continue to operate as an independent team in Munich, Galit said. The companies did not disclose the value of the acquisition. Airbnb, for example, uses Payoneer to send and receive money from its hosts. And freelancers on Fiverr have the ability to receive payments via Payoneer.

Optile offers a cloud-based payment platform where businesses can set up several payments options for their customers. An ecommerce company expanding to a new country, for example, could add that country's popular payment methods to its online checkout. The two companies will continue to offer their services independently, but Galit said Payoneer would help Optile to scale its business using its existing network of customers.

 

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