Payoneer, the Israeli-founded digital payment company that once epitomized the promise of borderless financial services, is now contemplating a potential sale. The company has reportedly taken initial steps to identify possible buyers, signaling a notable shift in the Fintech landscape.

Recent Developments

According to a recent report by Fortune, Payoneer has discreetly engaged advisers to reach out to prospective buyers. This comes on the heels of the company going public in 2021 through a SPAC merger valued at $3.3 billion. Now, its market capitalization has dropped to approximately $2.4 billion, reflecting a decline of more than a third since the beginning of 2025.

Shifting Business Strategies

Adding to the uncertainty, Payoneer suspended its financial guidance for the year 2025 amidst what it described as a “rapidly evolving and uncertain global economic environment.” Previously, the company had anticipated robust income growth from small and medium-sized enterprises (SMEs) and market sellers, but caution now appears to be the order of the day.

Leadership Acknowledges Market Volatility

CEO Bea Ordonnez expressed concerns about the “substantial risks” that could affect financial outcomes, acknowledging the volatility impacting global trade. “Our focus during this period is to support our customers as they navigate this dynamic environment,” Ordonnez stated, emphasizing the need for a proactive approach.

Quarterly Performance Insights

Despite the challenging outlook, Payoneer’s first quarter results showed promising growth. Revenue, excluding interest income, increased by 16% year-over-year, bolstered by a 22% rise in average revenue per user and nearly doubled revenues from market services. Notably, the B2B SMB segment, a key strategic focus, witnessed a remarkable growth of 37%.

Expansion in Regulatory Frameworks

Payoneer also made strides in expanding its regulatory presence in China, becoming the third foreign entity to obtain a payment service provider license there. Additionally, the recent acquisition of Easylink, a Chinese payment firm, underscores Payoneer’s commitment to deepening its foothold in this complex and potentially lucrative market.

Looking Ahead: Uncertainties in Future Growth

Despite the positive performance metrics, Payoneer’s leadership remains cautious about making future promises. CEO John Caplan reiterated the company’s long-term vision, but the decision to halt financial guidance underscores internal apprehensions as they grapple with market realities.