Payoneer Global Inc. announced on January 20 2026 that it has completed the acquisition of Boundless, an Ireland‑based Employer of Record (EOR) platform that enables companies to employ people worldwide in a compliant and scalable manner.
Deal terms were not disclosed, but the transaction is expected to add Boundless’s cross‑border payroll, tax, benefits and compliance capabilities to Payoneer’s existing suite of accounts receivable, accounts payable and treasury services, creating a more comprehensive financial stack for small‑and‑medium‑sized businesses operating internationally.
Boundless, founded in 2019 and headquartered in Dublin, specializes in simplifying distributed team management for SMEs and startups, handling HR compliance, payroll and benefits across multiple countries. The company has raised €2.5 million in a seed round in 2021 and serves key European markets such as the UK, Germany and France.
Payoneer’s workforce‑management offering was previously expanded in 2024 with the acquisition of Skuad, which was rebranded as Payoneer Workforce Management. The addition of Boundless deepens Payoneer’s presence in Europe, broadens its geographic coverage, and enhances its ability to serve larger, more complex clients that require end‑to‑end compliance and payroll solutions across multiple jurisdictions.
In its Q3 2025 earnings, Payoneer reported revenue of $248.3 million and an earnings per share of $0.04, falling short of analyst expectations of $0.06. The miss was driven by weaker demand in the core payment services segment and higher operating costs associated with expanding the workforce‑management platform, offsetting modest growth in the treasury services line.
John Caplan, CEO of Payoneer, said, “The global talent landscape is shifting dramatically. From new visa policies to evolving labor regulations, companies everywhere are rethinking how they hire and manage global teams.” He added that the Boundless integration “positions us to help businesses access and manage talent anywhere in the world easily, compliantly, and confidently.”
Dee Coakley, CEO and co‑founder of Boundless, noted that “joining Payoneer allows us to bring our European expertise to a truly global platform, helping more companies navigate the complexities of international hiring and compliance.” She emphasized that the partnership will enable businesses to expand internationally, pay, and manage talent across borders more efficiently.
The acquisition aligns with Payoneer’s up‑market strategy to deliver higher‑margin, value‑add services to larger clients. By combining Boundless’s EOR capabilities with Payoneer’s payment and treasury infrastructure, the company can offer a one‑stop solution that addresses both financial and operational needs of global SMBs, positioning it to capture a growing share of the expanding global workforce management market.
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