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The NASDAQ broadcasting studio. Photo: Italia all’ONU via Wikicommons. CTech – Israeli fintech powerhouse Payoneer Inc. announced on Wednesday that it has entered into a definitive agreement with Nasdaq listed SPAC FTAC Olympus Acquisition Corp (FTOC). Once the reorganization is complete, the merged company will begin trading at an implied estimated enterprise value of approximately $3.3 billion. Payoneer currently holds $100 million in its balance and FTOC has raised $750 million for the merger, including commitments for $300 million in PIPE from an investor group. An estimated $450 mill...

Results for "" Fintech Unicorn Payoneer takes SPAC route to NASDAQ Another Israeli startup graduates to NASDAQ via SPAC. This time fintech firm Payoneer enters the big leagues, and looks to raise $300M from the move... Oshry Alkeslasi / 4 Feb 2021 • 1 min read The SPAC train has left the station, and the Israeli high-tech ecosystem has definitely jumped on for the ride. After Innoviz and Otonomo - Israeli fintech company Payoneer announced it was going public via merger...

Digital payments co Payoneer set for $3.3b value SPAC merger The Israeli company will trade on Nasdaq through a merger with Betsy Cohen's FTAC Olympus. Digital payments company Payoneer has become the latest Israeli company that will be listing on Wall Street through a merger with a blank check company. FTAC Olympus Acquisition Corp. (Nasdaq: FTOC), a special purpose acquisition company (SPAC), today announced that it has entered into a definitive agreement and plan of reorganization with Payoneer. The newly created holding company will be renamed Payoneer Global Inc. and is expected to have ...

Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Payoneer CEO Scott Galit This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Payments startup Payoneer is the latest late-stage tech company set to go public via a blank-check company merger. Founded in 2005, New York-headquartered Payoneer is set for a $3.3 billion valuation on the Nasdaq. Payoneer will go public in a merger with former Bancorp CEO Betsy Cohen's FT...

CTech – Yet another Israeli powerhouse is making its way to Nasdaq. Calcalist has learned that fintech company Payoneer is in advanced negotiations to merge with an SPAC company, apparently an American one, at a valuation of $2.5 billion to $3 billion. Payoneer is currently drafting an S-1 filing to submit to the SEC on the chances that the talks, which are in advanced stages, mature into a deal. In case the deal falls through, Payoneer means to conduct an IPO. Either way, the company aims to go public in the next six months, with the main benefactor being venture capital fund Viola, which...