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Payments Startup Payoneer Reportedly in Merger Talks With SPAC


Payments Startup Payoneer Reportedly in Merger Talks With SPAC
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FTAC Olympus Acquisition Corp., a blank-check firm, according to people with knowledge of the matter.
The special purpose acquisition company has begun talks to raise new equity to support a transaction that’s slated to value the combined entity at more than $2.5 billion, said one of the people, who asked to not be identified because the matter isn’t public. As a deal isn’t finalized, it’s possible terms change or talks fall apart.
Representatives for New York-based Payoneer and FTAC declined to comment.
Founded in 2005, Payoneer which has said it’s profitable is backed by investors including ....

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