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NEW YORK — As international labor regulations and visa policies grow increasingly complex, Payoneer (NASDAQ: PAYO) is doubling down on its mission to simplify global hiring. The financial technology leader announced today the acquisition of Boundless, an Irish Employer of Record (EOR) specialist designed to help firms manage international teams with full regulatory compliance.
Strategic Growth in Workforce Management
This move serves as a cornerstone in Payoneer’s broader initiative to build an all-in-one financial toolkit for small-and medium-sized businesses (SMBs) competing on the global stage. It follows the 2024 purchase of Skuad—now operating as Payoneer Workforce Management (WFM)—which laid the groundwork for the company’s advanced accounts payable and payroll solutions.
For many cross-border SMBs, managing international payroll remains a significant hurdle. These businesses often struggle with:
- Fragmented banking systems across different regions.
- Lean financial teams overwhelmed by varying local laws.
- Compliance risks regarding taxes and employee benefits.
The integration of Boundless addresses these pain points directly, providing a scalable infrastructure for businesses to manage taxes, benefits, and payroll without the typical administrative burden.
“The global talent landscape is shifting dramatically,” said John Caplan, Chief Executive Officer, Payoneer. “From new visa policies to evolving labor regulations, companies everywhere are rethinking how they hire and manage global teams. With Boundless joining the Payoneer Workforce Management team, we are even better positioned to help businesses access and manage talent anywhere in the world easily, compliantly, and confidently.”
The acquisition also allows Boundless to scale its localized European expertise by leveraging Payoneer’s massive global network.
“Joining Payoneer allows us to bring our European expertise to a truly global platform, helping more companies navigate the complexities of international hiring and compliance,” said Dee Coakley, Chief Executive Officer and co-founder of Boundless. “Together, we will enable more businesses to expand internationally, pay, and manage talent across borders more efficiently.”
About Payoneer
Payoneer is the financial platform for cross-border business and global payments. Payoneer empowers millions of businesses with the financial tools and services they need to grow and transact globally with confidence. We make it easier for SMBs, particularly in emerging markets, to connect to the global economy, pay and get paid across borders, manage their funds across multiple currencies, and grow their businesses.
For more information, visit www.payoneer.com
