Payoneer redeems all series 1 preferreds for $40 million

By Wendy Van Sickle

Columbus, Ohio, July 28 – Payoneer Inc., a subsidiary of Payoneer Global Inc., completed a full redemption of all outstanding shares of its series 1 senior preferred stock for a total redemption price of approximately $40 million, according to an 8-K filing with the Securities and Exchange Commission.

Based in New York, the financial services company provides online money transfer, provides digital payment services and provides customers with working capital.

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