Payoneer Global Inc., the fintech company known for its cross-border payments services, is exploring a potential sale, according to Fortune.com. The company has brought on an advisor and has approached possible buyers over the past several weeks, sources in banking and private equity told Fortune. Payoneer declined to comment, saying it does not respond to “rumor or speculation.”

The move follows a disappointing first-quarter earnings report. On May 8, Payoneer posted earnings per share of $0.05, falling short of the $0.09 expected by analysts. Revenue increased 8% year-over-year to $246.6 million, slightly ahead of forecasts. Despite the revenue growth, the company suspended its full-year guidance, citing uncertain global economic conditions and the vulnerability of its international client base.

“There are a broad range of potential outcomes,” said CFO Bea Ordonez, highlighting the impact that shifting market conditions could have on businesses operating across borders. Following the announcement, Payoneer’s stock dropped nearly 14%, closing at $6.16. That fall brought the company’s market value down to $2.89 billion. In November, its shares had reached a 52-week high of $11.29, with a market cap of $4.24 billion.

Payoneer’s situation reflects the pressure many fintechs are now facing—particularly those that went public via SPAC in 2021. Companies like MoneyLion and Bakkt have already moved toward acquisitions as valuations decline and investor expectations reset.

Payoneer’s Revenue Journey: Growth, Peaks, and Shifts

From strong gains across 2023 and 2024 to a modest slowdown in early 2025, Payoneer’s revenue trend reflects both the company’s scaling efforts and the growing pressure on fintechs in today’s market environment.

Payoneer’s Global Footprint Meets Growing Pressure

Founded in 2005, Payoneer positioned itself as a global solution for small and medium-sized businesses and entrepreneurs handling international transactions. By 2024, the company reported around 2 million active customers across more than 190 countries.

Its team of roughly 2,400 employees is spread across 44 offices in 37 countries, with more than half based in Israel. This broad footprint has been central to Payoneer’s business model, but also leaves it more exposed to economic disruptions and regional instability.

Payoneer went public in 2021 through a SPAC merger that valued the business at $3.3 billion. At the time, investor appetite for fintech was high, but sentiment has shifted. The recent market reaction suggests growing skepticism about the company’s growth potential in today’s more cautious investment climate.

What comes next remains to be seen. Payoneer may find a strategic buyer or explore other options to reposition itself. But the decision to suspend guidance and test the market signals that the company is reassessing its direction amid tougher conditions.

What Fintech Startups Can Learn from Payoneer

Payoneer’s story is a reminder that even well-established fintechs can hit rough patches. Going global and scaling fast sounds great, but it also means you’re more exposed when the market shifts. Their decision to suspend guidance shows how quickly things can change when uncertainty hits—especially for companies supporting cross-border businesses. It also shows that being public, especially after a SPAC deal, brings extra pressure to perform and communicate clearly. The big lesson: stay agile. Whether it’s through partnerships, fundraising, or even a sale, having options on the table can make all the difference when growth slows down.