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Online Payments Company Payoneer in Advanced Talks with SPAC

Hosted by
Bullish Rippers
Published on
January 22, 2021
Description
Online payments company Payoneer is looking to go public in a SPAC arrangement with FTAC Olympus Acquisition Corp. Though the deal is not closed, shares of $FTOC rose 23% this week on the news. Payoneer, a lesser known global payments company, made $300 million in revenue in 2019. They help service payments in freelancing, ecommerce and digital marketing companies like $FVRR, $UPWK, $AMZN, and $ABNB.

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