Payoneer raises $8M for easy MasterCard payments
Payoneer, which provides prepaid MasterCards to help businesses with international payments, has raised $8 million in a second round of venture funding. The round was led by Carmel Ventures, with Greylock Partners, Crossbar Capital, Zohar Gilon and others participating.
The New York based startup says its solution — reloadable MasterCards — make it easier for businesses to make mass payments in other countries. Customers include iStockPhoto, oDesk and Elance. Payoneer raised $4 million last year.
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About the Author, Anthony Ha
Anthony is a senior editor at VentureBeat, as well as its reporter on media, advertising, and social networks. Before joining the site in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. (All story pitches should also be sent to tips@venturebeat.com) You can also follow Anthony on Twitter.
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