Certain statements in this presentation may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the Company's future financial or operating performance. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expect," "intend," "will," "plan," "estimate," "anticipate," "believe," "predict," ...

Financial Data and Key Metrics - Q2 revenue increased 40% YoY to $207 million, driven by higher margin products, improved monetization, and growth in key B2B regions [9] - Adjusted EBITDA of $56 million, nearly quadrupled YoY, representing a 27% adjusted EBITDA margin [4] - Q2 take rate was 131 basis points, up 30 basis points YoY and 9 basis points sequentially [14] - Customer funds held by Payoneer increased 8% YoY to $5.5 billion, with $55 million in interest income earned from these balances [16] - Q2 net income was $46 million, compared to $4 million in Q2 2022, with basic and diluted EPS of $0.12 [19] Business Line Performance - B2B payments volume declined 2% YoY, but grew 12% YoY excluding proactive customer terminations made last year [5] - Strong traction in B2B business in service-oriented markets like APAC, SAMEA, and Latin America [5] - Total active ICPs grew 6% YoY, with 13% growth in APAC, SAMEA, and Latin America [6] - Largest ICPs (those with >$10,000 monthly volume) grew 18%, contributing over 50% of total revenues [6] - Originations from first-time users increased 80% in Q2 [11] Market Performance - APAC, SAMEA, and Latin America saw 29% YoY volume growth, with Europe showing stable growth despite Ukraine war impacts [31] - China remains a significant market, with over 50% YoY revenue growth in Q2, driven by customer growth and ARPU increases [121] - New verticals in Europe, such as agricultural exporters, represent $30 billion in potential annual volume [10] Strategic Direction and Industry Competition - Focus on acquiring ICPs, improving ARPU, and expanding product offerings like commercial cards and checkout services [7][48] - Investments in platform transformation, including cloud-based infrastructure and new onboarding functionality [11] - Strategic acquisitions, such as a China-based payment service provider and an Israeli data platform, to enhance underwriting and risk management [61][103] - Emphasis on operating efficiency and cost discipline, with headcount reductions and streamlined operations [21][102] Management Commentary on Operating Environment and Future Outlook - Management expects interest income to remain a meaningful contributor to core revenue in the coming years [15] - Guidance for 2023 adjusted EBITDA raised to $160-$170 million, reflecting a 20% margin [26] - Anticipated 10% core revenue growth in the back half of 2023, driven by B2B acceleration and new verticals [47][162] - Long-term focus on ICP growth, ARPU expansion, and leveraging technology for operational efficiency [87] Other Important Information - Payoneer repurchased $20 million of shares at a weighted average cost of $4.68 per share [20] - The company expects to use 25% of interest income for platform investments and stock repurchases [17] - New product features, such as real-time fund availability and enhanced commercial card functionality, aim to improve customer experience and drive growth [7] Q&A Session Summary Question: What drives the confidence in continued ICP growth in H2 2023? - Answer: Strong product offerings, focused go-to-market efforts, and exceptional partnerships globally enable continued ICP growth [68][69] Question: How are B2B headwinds in North America and Europe expected to evolve? - Answer: Outside of China, strong YoY volume growth is seen, with Ukraine showing resilience despite challenges [70] Question: What is the outlook for interest income and its sustainability? - Answer: Interest income is expected to remain a meaningful driver of revenue, with medium-term interest rates projected at 2%-3% [49][156] Question: What are the expectations for M&A activity? - Answer: The company continues to evaluate M&A opportunities, particularly in product extensions and regional footprint expansion [50] Question: How is Payoneer managing operating efficiency and cost discipline? - Answer: Recent headcount reductions and streamlined operations are driving greater efficiency, with a focus on high-growth areas [21][102]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR Registrant's Telephone Number, Including Area Code N/A ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Payoneer Global Inc. (Exact name of registrant as specified in its charter) Delaware 001-405 ...

Financial Data and Key Metrics Changes - Adjusted EBITDA increased by $28 million year-over-year to $39 million, representing a 20% adjusted EBITDA margin [5] - Q1 volume increased by 8% year-over-year to $15.7 billion, driven by a recovery in travel and mid single-digit growth from large e-commerce marketplaces [14] - Customer funds held by Payoneer increased by $837 million, or 18% year-over-year, to $5.5 billion [15] - Q1 net income was $8 million compared to $20 million in the first quarter of last year, which included a gain of over $30 million from the change in fair value of warrants [17] Business Line Data and Key Metrics Changes - B2B AP/AR volumes increased by 23% year-over-year on an apples-to-apples basis, while overall B2B volumes increased by 2% year-over-year [31] - The penetration of the virtual commercial card increased by over 50% and more than doubled year-over-year [9] - The take rate for Q1 was 122 basis points, up from 94 basis points in the prior year period [39] Market Data and Key Metrics Changes - Payoneer experienced over 25% year-over-year revenue growth in each of its six regions, with over 70% growth in Latin America [5] - Key countries such as Vietnam, Argentina, Mexico, Colombia, and UAE saw over 50% year-over-year growth [5] - The company is focusing on emerging markets, particularly in Latin America, CEMEA, and APAC, which are expected to drive future growth [50][74] Company Strategy and Development Direction - The company aims to deliver strong and sustainable revenue growth, focusing on Ideal Customer Profiles (ICPs) and building a next-generation technology platform [28] - Payoneer is actively evaluating product-driven M&A opportunities to enhance its growth strategy and expand its market presence [10][18] - The company is incorporating AI in its onboarding processes to increase efficiency and reduce customer acquisition costs [7] Management's Comments on Operating Environment and Future Outlook - Management noted that while volume growth is below expectations, there is strong customer acquisition momentum [8] - The company anticipates interest rates will begin to decrease in the latter half of the year, which may impact revenue [20] - Management expressed confidence in meeting updated 2023 financial targets despite macroeconomic headwinds [21] Other Important Information - The company has paused hiring plans across the organization to generate savings in 2023 [61] - Payoneer will host its first Investor Day on September 21, 2023, in New York City [62] Q&A Session Summary Question: What are your thoughts on the ability to grow the ICP base during different macro environments? - Management indicated that they are focused on acquiring and serving customers who meet the ICP criteria, with early momentum observed [46][64] Question: Can you provide insights on ARPU opportunities and pricing strategies? - Management is experimenting with pricing strategies, including account fees, and noted that B2B business monetizes at 50% greater than marketplace payouts [48][99] Question: How do you see the geographic mix evolving with the focus on ICPs? - Management expects to see a shift in geographic mix as they penetrate high-growth markets, particularly in Latin America and APAC [49][70] Question: What is the impact of the recent banking turmoil on customer behavior? - Management reported no significant changes in customer behavior despite the banking turmoil, indicating strong trust in Payoneer [85][101] Question: What types of businesses are being considered for M&A? - Management is evaluating M&A opportunities focused on product extensions, regional footprint expansion, and enhancing existing licensing frameworks [128]

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Presents Payoneer Global Inc.'s unaudited Q1 2023 financial statements, including balance sheets, income, and cash flow statements with notes [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20consolidated%20balance%20sheets%20(Unaudited)) Total assets and liabilities decreased by March 31, 2023, mainly due to customer funds, while shareholders' equity increased | Balance Sheet Item | March 31, 2023 ($ thousands) | December 31, 2022 ($ thousands) | | :--- | :--- | :--- | | **Total Assets** | **$6,237,718** | **$6,594,651** | | Cash and cash equivalents | $544,542 | $543,299 | | Customer funds | $5,467,274 | $5,838,612 | | **Total Liabilities** | **$5,660,872** | **$6,049,395** | | Outstanding operating balances | $5,467,274 | $5,838,612 | | **Total Shareholders' Equity** | **$576,846** | **$545,256** | [Condensed Consolidated Statements of Comprehensive Income](index=6&type=section&id=Condensed%20consolidated%20statements%20of%20comprehensive%20income%20(Unaudited)) Revenues significantly increased for Q1 2023, resulting in operating income, a turnaround from a prior-year loss, though net income decreased | Income Statement Item | Q1 2023 ($ thousands) | Q1 2022 ($ thousands) | YoY Change | | :--- | :--- | :--- | :--- | | **Revenues** | **$192,014** | **$136,958** | **+40%** | | Total operating expenses | $177,002 | $143,301 | +24% | | **Operating income (loss)** | **$15,012** | **($6,343)** | **N/A** | | Financial income, net | $2,098 | $28,501 | -93% | | **Net income** | **$7,938** | **$20,211** | **-61%** | | Diluted earnings per share | $0.02 | $0.06 | -67% | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20consolidated%20statements%20of%20cash%20flows%20(Unaudited)) Net cash provided by operating activities in Q1 2023 was positive, while both investing and financing activities used significant cash | Cash Flow Activity | Q1 2023 ($ thousands) | Q1 2022 ($ thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $3,902 | $2,372 | | Net cash provided by (used in) investing activities | ($57,004) | $27,953 | | Net cash provided by (used in) financing activities | ($364,490) | $233,611 | | **Net change in cash, cash equivalents, restricted cash and customer funds** | **($417,077)** | **$263,858** | [Notes to the Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20the%20condensed%20consolidated%20financial%20statements%20(Unaudited)) Notes provide detailed explanations of accounting policies and financial results, covering acquisitions, capital advances, revenue disaggregation, and a stock repurchase program - In January 2023, the Company acquired all remaining interests in its joint venture in the People's Republic of China, accounting for it as an asset acquisition[35](index=35&type=chunk) | Revenue by Region | Q1 2023 ($ thousands) | Q1 2022 ($ thousands) | YoY Growth | | :--- | :--- | :--- | :--- | | Greater China | $63,960 | $43,041 | 49% | | Europe | $38,621 | $28,461 | 36% | | North America | $25,536 | $20,276 | 26% | | Asia-Pacific | $25,381 | $19,019 | 33% | | South Asia, Middle East and North Africa | $19,945 | $15,412 | 29% | | Latin America | $18,571 | $10,749 | 73% | | **Total Revenues** | **$192,014** | **$136,958** | **40%** | - On May 7, 2023, the Board of Directors authorized a stock repurchase program for up to **$80 million** of common stock over 24 months[97](index=97&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2023 financial results, highlighting significant revenue growth driven by interest income, leading to improved operating income and Adjusted EBITDA [Results of Operations](index=22&type=section&id=Results%20of%20Operations) Q1 2023 revenues significantly increased, primarily from interest income, leading to operating income despite rising expenses, though net income decreased - Revenues increased by $55.1 million (**40%**) YoY, primarily driven by a **$49.2 million** increase in interest income from higher customer balances and rising interest rates[115](index=115&type=chunk) - Sales and marketing expenses increased by **$13.4 million** (39%) due to higher employee compensation, third-party commissions, and marketing program spending[120](index=120&type=chunk) - General and administrative expenses rose by **$8.6 million** (47%), mainly from increased employee compensation and legal services costs[121](index=121&type=chunk) [Liquidity and Capital Resources](index=23&type=section&id=Liquidity%20and%20Capital%20Resources) The company held substantial cash as of March 31, 2023, with liquidity from operations and a Warehouse Facility, deemed sufficient for future needs - The company had **$544.5 million** of cash and cash equivalents as of March 31, 2023[126](index=126&type=chunk) - The company utilizes a Warehouse Facility to provide external financing for its capital advance activity, with an initial committed amount of **$25 million** that can be increased up to **$100 million**[127](index=127&type=chunk)[128](index=128&type=chunk) | Cash Flow Summary | Q1 2023 ($ thousands) | Q1 2022 ($ thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $3,902 | $2,372 | | Net cash provided by (used in) investing activities | ($57,004) | $27,953 | | Net cash provided by (used in) financing activities | ($364,490) | $233,611 | [Key Metrics and Non-GAAP Financial Measures](index=25&type=section&id=Key%20Metrics%20and%20Non-GAAP%20Financial%20Measures) Management uses Volume and Adjusted EBITDA to evaluate performance, with Q1 2023 showing transaction volume growth and a significant increase in Adjusted EBITDA | Metric | Q1 2023 | Q1 2022 | YoY Growth | | :--- | :--- | :--- | :--- | | Volume | $15,735 million | $14,620 million | 8% | | Reconciliation to Adjusted EBITDA | Q1 2023 ($ thousands) | Q1 2022 ($ thousands) | | :--- | :--- | :--- | | Net income | $7,938 | $20,211 | | Adjustments (Depreciation, Taxes, etc.) | $12,861 | $29,328 | | EBITDA | $20,799 | $29,328 | | Other Adjustments (Stock comp, M&A, etc.) | $17,953 | ($18,927) | | **Adjusted EBITDA** | **$38,752** | **$10,401** | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=26&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rate changes and foreign currency fluctuations, with hypothetical shifts materially impacting revenues and earnings due to large balances - The company is exposed to interest rate sensitivity, where a hypothetical **1%** change in rates could materially affect revenues and earnings due to its holdings of cash, cash equivalents, and customer funds[156](index=156&type=chunk) - Payoneer faces foreign currency risk from its global operations and customer funds held in various currencies. A hypothetical **10%** change in exchange rates could materially impact financial results[158](index=158&type=chunk) [Item 4. Controls and Procedures](index=27&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2023, with no material changes to internal control over financial reporting during the quarter - Based on an evaluation as of March 31, 2023, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective[161](index=161&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[162](index=162&type=chunk) PART II - OTHER INFORMATION [Item 1. Legal Proceedings](index=28&type=section&id=Item%201.%20Legal%20Proceedings) The company is periodically involved in various litigation matters incidental to its normal business operations, with further details in Note 11 - The company is party to various litigation matters incidental to the conduct of its business. More details are available in Note 11 (Commitment and Contingencies)[165](index=165&type=chunk) [Item 1A. Risk Factors](index=28&type=section&id=Item%201A.%20Risk%20Factors) No material changes occurred to the risk factors previously disclosed in the company's Annual Report on Form 10-K filed on February 28, 2023 - As of the filing date of this Form 10-Q, there have been no material changes to the risk factors disclosed in the company's Annual Report on Form 10-K filed on February 28, 2023[167](index=167&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=28&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company issued common stock to a senior employee for the 2020 optile acquisition, exempt from registration under Section 4(a)(2) of the Securities Act - A total of **59,257** shares of common stock were issued during the quarter pursuant to an employment agreement related to the 2020 optile acquisition, exempt from registration under Section 4(a)(2) of the Securities Act[168](index=168&type=chunk) [Item 3. Defaults upon Senior Securities](index=28&type=section&id=Item%203.%20Defaults%20upon%20Senior%20Securities) The company reported no defaults upon senior securities - None[169](index=169&type=chunk) [Item 4. Mine Safety Disclosures](index=28&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[170](index=170&type=chunk) [Item 5. Other Information](index=28&type=section&id=Item%205.%20Other%20Information) The company reported no other information for this item - None[171](index=171&type=chunk) [Item 6. Exhibits](index=29&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including various agreements, CEO and CFO certifications, and XBRL data files - Lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL data files[174](index=174&type=chunk)[175](index=175&type=chunk)

Financial Data and Key Metrics Changes - Payoneer reported 2022 revenue of $628 million, representing a 33% year-over-year growth, and adjusted EBITDA of $48 million, reflecting a 72% year-over-year growth [84] - Q4 revenue increased 32% year-over-year to $184 million, driven by growth in high-value services and interest income from customer balances [126] - The company ended Q4 with cash and cash equivalents of $543 million, a sequential increase of $35 million [14] Business Line Data and Key Metrics Changes - The B2B accounts payable/accounts receivable (AP/AR) business saw a 10% year-over-year volume growth in Q4, indicating strong demand for these services [97] - A threefold increase in spend on the virtual Commercial Mastercard was reported, with over $1 billion in volume achieved [71] - Customer funds held by Payoneer increased nearly $800 million sequentially and over $1.4 billion year-over-year to $5.8 billion [97] Market Data and Key Metrics Changes - The geographic diversity of revenue increased, with nearly 35% of overall revenues coming from Latin America, APAC, and SAMENA, up from approximately 20% four years ago [86] - The company experienced a normalization in volumes from large e-commerce marketplaces, with mid-single-digit volume growth reported [31] - Interest income from customer balances reached $36 million in Q4, up from less than $1 million in the prior year period [127] Company Strategy and Development Direction - Payoneer plans to invest approximately $30 million in building the next generation of its technology platform in 2023, focusing on automation and operational efficiency [94] - The company aims to double adjusted EBITDA in 2023 while continuing to invest in growth and profitability [16] - Payoneer is focused on acquiring more profitable active customers and enhancing its product capabilities to serve a larger customer base profitably [77] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting 2023 financial targets while investing for long-term growth, despite known headwinds from the decline in revenues for certain onboarding services and the exit from Russia [104] - The company anticipates continued strong growth in its B2B business and other high-value services, with a focus on managing acquisition costs and improving profitability [135] - Management highlighted the importance of leveraging the brand to attract more SMBs while reducing onboarding costs [78] Other Important Information - The Board of Directors appointed Bea Ordonez as CFO effective March 1, 2023, marking a leadership transition [8] - The company established the Payoneer Foundation to support charitable efforts aligned with its values, including small business development [124] - Payoneer reported a net loss of $10 million in Q4, compared to a net loss of $19 million in the same period last year [101] Q&A Session Summary Question: Insights on customer cohort profitability - Management noted that size drives economics, and investments in the platform will enable serving more customers profitably over time [23] Question: Product enhancements and spending priorities - Management highlighted a threefold increase in the Commercial Mastercard and emphasized the importance of bundling products to drive growth [25] Question: Pipeline for new larger SMB merchant partners - Management indicated optimism about the pipeline and the potential for growth in the B2B AP/AR business, particularly in Latin America [150] Question: M&A opportunities and market valuations - Management acknowledged that private company market valuations are rationalizing and that they are evaluating potential M&A opportunities [51] Question: Payoneer to Payoneer volume and monetization efforts - Management confirmed ongoing exploration of monetization strategies for Payoneer account holder transactions [161]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________. Payoneer Global Inc. (Exact name of registrant as specified in its charter) 001-40547 (Commission file number) Delaware 86-1778671 (St ...

Start Time: 16:30 January 1, 0000 5:20 PM ET Payoneer Global Inc. (NASDAQ:PAYO) Q3 2022 Earnings Conference Call November 09, 2022, 16:30 PM ET Company Participants Scott Galit - Co-CEO John Caplan - Co-CEO Michael Levine - CFO Michelle Wang - VP, IR Conference Call Participants Will Nance - Goldman Sachs Sanjay Sakhrani - Keefe, Bruyette & Woods Josh Siegler - Cantor Fitzgerald Cris Kennedy - William Blair Mayank Tandon - Needham Mike Grondahl - Northland Securities Operator Good afternoon and thank you fo ...

Revenue Growth - Revenues for the three months ended September 30, 2022, were $158.9 million, a 30% increase from $122.7 million in the prior year, and for the nine months, revenues were $444.1 million, up 33% from $334.2 million[132]. - Payoneer processed $44.4 billion in volume during the nine months ended September 30, 2022, compared to $40.5 billion in the same period of 2021, reflecting a strong growth trajectory[122]. - Volume grew by 11% and 9% for the three and nine months ended September 30, 2022, reaching $15.1 billion and $44.4 billion respectively, driven by customer acquisition and growth in digital commerce[174]. Expenses - Research and development expenses increased by 47% to $29.6 million for the three months ended September 30, 2022, and by 49% to $82.1 million for the nine months, driven by increased headcount and related costs[140][141]. - Sales and marketing expenses rose by 39% to $41.1 million for the three months ended September 30, 2022, and by 40% to $112.4 million for the nine months, primarily due to higher employee compensation and marketing program spending[142][143]. - General and administrative expenses increased by $5.7 million, or 36%, to $21.7 million for the three months ended September 30, 2022, driven by higher employee-related expenses and consultant costs[145]. - For the nine months ended September 30, 2022, general and administrative expenses rose by $15.4 million, or 34%, totaling $60.0 million, primarily due to increased compensation and consultant expenses[146]. - Depreciation and amortization expenses were $5.9 million and $15.5 million for the three and nine months ended September 30, 2022, reflecting increases of 33% and 15% respectively[147]. - Transaction costs for the three months ended September 30, 2022, were $28.0 million, a 13% increase, while for the nine months, they were $79.8 million, up 9%, reflecting a 9% increase in transaction volume[136][137]. Operating Performance - Operating loss improved to $(5.1) million for the three months ended September 30, 2022, compared to $(6.5) million in the prior year, and $(13.7) million for the nine months, a significant improvement from $(26.0) million[132]. - Adjusted EBITDA for the three months ended September 30, 2022, was $12.7 million, compared to $6.1 million in the prior year, while for the nine months it was $37.9 million versus $14.6 million[178]. Cash Flow and Financial Position - Net cash provided by operating activities was $44.3 million for the nine months ended September 30, 2022, an increase of $33.5 million compared to the prior year[165]. - Net cash used in investing activities was $13.9 million for the nine months ended September 30, 2022, an increase of $9.4 million compared to the prior year, primarily due to purchases of property and equipment[170]. - Net cash provided by financing activities was $655.7 million for the nine months ended September 30, 2022, a decrease of $31.2 million compared to the prior year, mainly due to the absence of inflow from the Reverse Recapitalization[171]. - As of September 30, 2022, the company had $507.9 million in cash and cash equivalents, which is expected to meet operating and capital expenditure requirements for at least the next twelve months[161]. Market and Economic Factors - The geopolitical conflict between Russia and Ukraine had a limited impact on revenues, with combined revenues from these regions accounting for less than 10% of total revenue[125]. - The COVID-19 pandemic has shifted buying patterns towards e-commerce, which has positively influenced Payoneer's role in the global economy, although recent trends indicate softening growth rates[127]. - Most revenue is earned in U.S. dollars, minimizing significant foreign currency risk, although fluctuations in currencies like the Euro and British Pound could impact results[7]. - The company has the potential to generate revenues from optimizing foreign exchange during payment delivery, which can materially affect revenues and earnings[8]. - A hypothetical 10% increase or decrease in current exchange rates could have a material impact on the company's financial results[9]. Strategic Outlook - The company expects to continue investing in global platform growth, product development, and regulatory expansion, alongside pursuing acquisitions to enhance customer value[123]. - Payoneer aims to increase monetization rates by focusing on higher monetization regions and introducing new services like the Payoneer Commercial Mastercard[121]. Accounting and Compliance - The company is classified as an emerging growth company under the JOBS Act, allowing it to delay the adoption of new accounting standards until they apply to private companies[10]. - The company will become a large accelerated filer at the end of fiscal year 2022, losing its emerging growth company status[11]. - A fair value adjustment of a liability from the 2020 acquisition of Optile was noted, impacting the financial results[3]. - The company reported non-recurring reorganizational costs related to legal and professional services associated with the Reorganization[2]. - As of September 30, 2022, the company's cash and cash equivalents were primarily held in cash deposits and money market funds, with a hypothetical 1% interest rate change potentially having a material effect on financial results[5].

Payoneer Global Inc. (NASDAQ:PAYO) Q2 2022 Earnings Conference Call August 11, 2022 4:30 PM ET Company Participants Michelle Wang - Vice President, Investor Relations Scott Galit - Co-Chief Executive Officer John Caplan - Co-Chief Executive Officer Michael Levine - Chief Financial Officer Conference Call Participants Bob Napoli - William Blair Will Nance - Goldman Sachs Sanjay Sakhrani - KBW Josh Siegler - Cantor Fitzgerald Ashwin Shirvaikar - Citi Sam Salvas - Needham & Co Mike Grondahl - Northland Securit ...