CTalk: Payoneer Is in No Hurry to IPO, Says Founder

Payoneer is not in a hurry to go public, Yuval Tal, founder and president of online payment company Payoneer Inc., said in an interview with CTech reporter Adi Pick Monday at Calcalist’s The Future of Money conference in Tel Aviv.

Founded in 2005 and based in central Israel with additional offices in New York and Hong Kong, Payoneer provides online money transfer and digital payment services. Users can pay and receive funds via several methods, including credit cards, debit cards, electronic wallets, and bank transfers. The company has raised approximately $245 million to date. Facebook’s Libra is a much-needed service, Tal said. “I wish that Facebook will find a way to collaborate with regulators to make it work,” he added. The idea that it would be an option to transfer money to people in different countries the way you can send them pictures and videos makes a lot of sense, Tal said.

Speaking at the conference, Tal said that in order to be a successful entrepreneur, one must have enough financial wiggle room to be able to spend a lot of time without funding and without pay. “It's not really fair because it closes the market to a certain group," he said.