Global fintech platform Payoneer (NASDAQ: PAYO) has announced robust Q1 2025 results, underscoring its position as a key player in enabling cross-border growth for small and medium-sized businesses (SMBs). The company reported $246.6 million in total revenue for the quarter, an 8% year-over-year increase, with $188.6 million coming from revenue excluding interest income—up 16% YoY, driven primarily by B2B services and increased card usage.
Payoneer also achieved a solid adjusted EBITDA of $65.4 million, maintaining a 27% margin that reflects disciplined execution and a continued focus on profitability. The platform saw strong volume performance, processing $19.7 billion, up 7% YoY, and expanded its active Ideal Customer Profiles to 556,000. Notably, the B2B SMB revenue surged by 37%, while Merchant Services (Checkout) nearly doubled with a 96% growth, showing increased global demand for Payoneer’s innovative payment solutions.
A highlight of the quarter was Payoneer’s acquisition of Easylink Payment Co., Ltd., making it only the third foreign company to secure a payment service provider license in China—positioning it for long-term growth in a complex, high-potential market. The company’s card spend jumped 29% YoY to reach $1.4 billion, reflecting rising adoption across regions. Meanwhile, customer funds held by Payoneer totaled $6.6 billion, up 11%.
CEO John Caplan emphasized the company’s focus on helping SMBs thrive globally amid shifting supply chains and market uncertainty, stating that approximately 40% of Payoneer’s revenue now comes from non-US markets. Despite macroeconomic headwinds, the fintech firm remains confident in its strategic direction, though it has suspended full-year 2025 guidance due to global trade volatility.
For Pakistani freelancers, exporters, and e-commerce entrepreneurs who rely on global platforms like Payoneer, these results are a positive indicator of the company’s growing capabilities and commitment to expanding financial access in emerging markets.
