Fintech Company Payoneer Raises $180 million

US fintech company that helps businesses transfer and receive money online, Payoneer has raised $180 million (£141 million) in a Series E funding. The cash comes from Technology Crossover Ventures (TCV), a Silicon Valley-headquartered VC fund that focuses on growth funding for established tech industries. TCV has backed giants such as Facebook, Netflix, and Spotify. The funding round is double Payoneer's funding to date and takes its total to $270 million (£211 million). CEO Scott Galit wouldn't comment on the company's valuation but it's likely in the billions given the amount of equity doled out.

Read the full story at:

http://www.ttm.news/2016/10/11/fintech-company-payoneer-raises-180-million/