Payoneer Acquires Skuad

August 8, 2024

Payoneer has acquired Singapore-based employer-of-record and global payroll provider Skuad for $61 million in cash plus up to $20 million in potential earnouts (cash and equity). The acquisition brings Skuad’s global workforce and payroll capabilities — operating in 160+ countries and founded in 2019 — into Payoneer’s financial stack to strengthen its offerings for SMBs, freelancers and companies hiring internationally.

Buyers
Payoneer
Targets
Skuad
Industry
Staffing & HR
Location
Singapore
Transaction Type
Buyout

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