Payoneer strengthens global team management capabilities with acquisition of Boundless

Payoneer, a global financial technology company supporting cross-border business growth, today announced its acquisition of Boundless, an Ireland-based Employer of Record (EOR) platform that helps companies hire employees worldwide in a simple and compliant manner.

The acquisition is the next step in Payoneer's strategy to provide a comprehensive financial ecosystem for small and medium-sized businesses (SMBs) operating internationally. In 2024, Payoneer acquired Skuad, now operating under the Payoneer Workforce Management (WFM) brand, to strengthen its global accounts payable capabilities. Managing global accounts payable remains one of the biggest challenges for cross-border SMBs, as limited financial resources, scattered banking relationships, and varying local regulations make it difficult to ensure timely, accurate, and compliant payroll payments.

With the addition of Boundless, Payoneer is increasing its presence in Europe and expanding its ability to serve global customers who are increasingly looking for compliant and scalable solutions for managing their teams. Boundless enables companies to easily manage international payroll, taxes, benefits, and regulatory compliance, allowing them to focus on growing their business with complete peace of mind.

- The global talent market is undergoing fundamental change, said John Caplan, Chief Executive Officer of Payoneer. - From new visa policies to evolving labor regulations, companies around the world are redefining how they hire and manage global teams. The addition of Boundless to the Payoneer Workforce Management team makes us even better equipped to help companies access talent around the world easily, compliantly, and securely.

- Joining Payoneer allows us to bring our European experience to a truly global platform and help more companies navigate the complexities of international hiring and regulatory compliance, said Dee Coakley, Chief Executive Officer and co-founder of Boundless. - Together, we will enable more companies to expand internationally and pay salaries and manage talent more effectively across borders.