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Exciting news in the fintech world today with Payoneer's acquisition of Skuad for $61M in cash! This move underscores the growing importance of streamlined global payroll solutions in the fintech landscape. As a fintech expert, it's fascinating to see how this acquisition will enhance Payoneer's service offerings and drive further innovation in cross-border financial management. Integrating such capabilities is crucial for the evolution of CFO stack software. Looking forward to the impactful changes this will bring to the industry. #Fintech #Innovation #GlobalPayroll #CFOStackSoftware https://lnkd.in/g9zw-H7C

Given that ride hailing and food delivery tend to burn cash, Grab’s profitable fourth quarter augurs well for the Singapore-based company, especially considering brisk growth in its fintech services. However, we should keep in mind that it was a modest profit of US$11 million, which seems to have come about in part due to a "reversal of an accounting accrual," according to a statement by the company. Revenue in the October-December period, meanwhile, reached US$653 million, ahead of a consensus estimate of US$629 million. #fintech #payments https://hubs.li/Q02m8rPp0

🚀 Exciting News in the Fintech Sector! 🌍 We at Fintech Industry Examiner are thrilled to announce a monumental development in the European fintech landscape. Qonto, the esteemed French fintech unicorn, has officially acquired Regate, a pioneer in innovative accounting and financial management solutions for businesses. This strategic acquisition marks a significant milestone in Qonto's journey, expanding its fintech empire across Europe and setting new standards in financial management for SMEs, startups, and freelancers. 🔗 Read the full story here: https://lnkd.in/dUzZTpMd Founded in 2017 by Alexandre Prot and Steve Anavi, Qonto has rapidly ascended as a leader in the fintech space, offering streamlined banking services designed to simplify financial operations for businesses. The integration of Regate's expertise in automating accounting and financial tasks with Qonto's robust banking platform is poised to redefine how businesses manage their finances, promising a more integrated and efficient financial management experience. This acquisition not only underscores Qonto's growth trajectory but also reflects the broader shift in the fintech sector towards more comprehensive service offerings. It's a testament to the innovative spirit and commitment of both companies to enhance the financial management landscape for businesses across Europe. Special shoutout to Alexandre Prot and Steve Anavi, the visionary founders of Qonto, for leading this transformative initiative. We also extend our congratulations to the teams at Qonto and Regate for this remarkable achievement. Stay tuned for more updates on how technology is revolutionizing the financial industry! #Fintech #FinancialInnovation #Qonto #Regate #EuropeanFintech #SMEBanking #StartupBanking #FinancialManagement #FintechUnicorn

Business finance automation platform Ramp is making another move to extend beyond corporate cards. The company has acquired procurement startup Venue and introduced enhancements to its Procurement product. The acquisition will offer Ramp's business clients greater control over employee spend. The move also comes 8 days after competitor Brex announced it would lay off 20% of its staff. Read more: https://lnkd.in/giXEXJns 💼 #FinanceAutomation #Procurement #FintechInnovation

🌟 Excited 🌟 🚀 Prediction: With Payoneer's acquisition of Skuad, we can expect to see an enhanced focus on streamlining global HR and payroll services, catering to the evolving needs of businesses in the digital era. 🌍 This move positions Payoneer as a leader in the fintech space, offering a more comprehensive suite of services to clients worldwide. 💡 As technology continues to shape the future of work, this acquisition sets the stage for innovative solutions that prioritize efficiency and scalability in the realm of HR and payroll. 🔍 Payoneer's commitment to additional payouts based on Skuad's performance demonstrates a strong belief in the potential for growth and success in this partnership. 📈 Overall, this acquisition signals a promising trajectory for the fintech industry, combining cutting-edge technology with a customer-centric approach to meet the changing demands of the global workforce. #Fintech #Payroll #HR #Innovation #GlobalBusiness #FutureOfWork

Venture Capital News - Venture Capital News Headlines

Payoneer is one of those companies that many people don’t talk about. - Total revenue has doubled from 2021 - $1b in revenue with 80% gross margins - Has a customer base of 2m - Market cap of $2.6b This acquisition for $61m should be accretive for the business. - Get access to EOR infra - Payroll processing capabilities - Monetisation of their business customers Not the best of outcomes for the venture investors but in a market which is dominated by Deel and Remote I think it’s a great outcome for them. Disclosure: I am a shareholder and a customer of Payoneer.

Boosting Cashflow with Pay Hero. Cash flow management is often cited as one of the top challenges for startups. With limited resources and unpredictable revenue streams, maintaining a healthy cash flow can be daunting. Late payments, manual invoicing processes and reconciling transactions across multiple platforms can further complicate matters, leading to cash flow bottlenecks and missed opportunities. Read more on: https://lnkd.in/g7D2_CmU

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The number of businesses hiring international employees is on the rise — but paying across borders is rife with complexity. Enter Thera (YC S22), which just raised $4M in seed to make it easier, cheaper, and more seamless. https://lnkd.in/dzbM8zr3 #news #businessnews #technews #technology #fintech #payments #payroll #accountspayable #apar #accounting