Payoneer Adds First Chief Platform Officer, Forms New Division

Commerce technology company Payoneer has hired Assaf Ronen, a veteran of SoFi, Amazon and Microsoft, to lead a newly established division that integrates Payoneer’s technology, product and high value service units.

Ronen has become the company’s first chief platform officer and will head its new platform division, according to a Thursday (Sept. 22) press release.

“We’re thrilled to bring Assaf aboard,” Payoneer Co-CEO John Caplan said in the release. “He is a visionary product, technology and business leader. We have tremendous growth opportunities and Assaf’s deep FinTech experience and track record of delivering product and service expansions will add strength to our diverse global leadership team.”

Product and service expansions are a key part of Ronen’s track record, which includes serving as chief product officer at SoFi, founding and serving as vice president of Amazon’s Alexa shopping group, and serving as general manager of Skype at Microsoft, according to the release.

As head of the new platform division, Ronen will lead it in its mission of expanding Payoneer’s high value service offerings — including B2B accounts payable (AP) and accounts receivable (AR), working capital and merchant services — and enhancing and building new financial products.

“Payoneer has built a platform, brand, ecosystem of relationships and team that is second to none and that is rooted in customer-centricity,” Ronen said. “I’m excited to join this amazing team and look forward to helping deliver even more value for the world’s [small- to medium-sized businesses (SMBs)].”

As PYMNTS reported in August, Payoneer does business in nearly 200 countries and territories and, during its most recent quarterly earnings call, reported results attesting to the momentum of the accelerating global trend toward digitalization.

Read more: SMB Sellers, Payments Surprisingly Resilient in the Face of Global Turmoil

For example, the company reported that B2B payables and receivables grew 66% during the most recent quarter, driven by increased use of the virtual Payoneer Commercial Mastercard and improvement in cross-border travel.

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