Payoneer Global acquires payroll management company Skuad for $61M cash

On August 5, Payoneer acquired Skuad, a global workforce and payroll management company headquartered in Singapore. The acquisition accelerates Payoneer’s strategy to deliver a comprehensive and integrated financial stack for SMBs that operate internationally. Payoneer acquired Skuad for $61M cash, subject to adjustments and funded with cash on hand, and up to an additional $20M of future payments in cash and equity that are contingent upon reaching certain performance and tenure milestones.