Payoneer, a service provider of payment technologies that let vendors sell to international customers in local currencies — allowing for easier cross-border payments, is launching an API.
The move lets companies and service providers embed payment options in their existing services.
Software services companies are now competing globally for customers, and Payoneer allows companies to operate globally and get paid locally in their local currency, according to the company’s chief executive, Scott Galit.
The move can also helpful to companies who have large, distributed and workforces, according to the company.
The API launch comes on the heels of a YUGE October financing round, which netted the company $180 million in new cash.
Payoneer is backed by investors including Wellington Management, TCV, the Chinese financial services firm, Ping An, Carmel Ventures and Greylock Partners. Till to date, the company has raised $270 million for its global payments processing services.
The company supports payments in over 200 countries and territories and can handle over 150 different currencies.