$8 Million raised by Payoneer to ease ‘MasterCard payments’ | Startup Meme - Technology Startup and Latest Tech News

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Aug 6 2008

$8 Million raised by Payoneer to ease ‘MasterCard payments’

Shoaib Hashmi 

Payoneer_Logo

Payoneer, a company that provides Prepaid MasterCard®, has raised $8 million in the second round of funding. Carmel Ventures along with Greylock Partners, Crossbar Capital, Zohar Gilon and others participated in the round.

The New York based company helps multiple businesses with their payments globally. According to the company’s website:

At Payoneer, we understand the need to make payments quickly and easily in today’s fast progressing web business environment. Payoneer is a privately-held company, a registered MSP with MasterCard®, and is operated by a team of experienced financial and technology veterans.

This is why we offer the Payoneer Prepaid MasterCard®. They have a prepaid limit, can be used everywhere that debit MasterCard is accepted.

In addition to making the card available to partner groups for travel, we enable online payments for businesses. Because it’s important to us that our customers be able to use their cards easily, safely and responsibly.

Last year the company raised $4 million. The company contains prominent business partners which includes McDonalds, oDesk, MetaCafe, iStockPhoto, Western Union, etc.

Payoneer company profile provided by TradeVibes

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