Payoneer Paid $13 Million for Boundless, With $4 Million More Tied to Milestones
Updated
Updated · The Irish Times · May 22
Payoneer Paid $13 Million for Boundless, With $4 Million More Tied to Milestones
1 articles · Updated · The Irish Times · May 22
Summary
$13 million was the initial price Payoneer paid for Irish employment platform Boundless, with US filings showing another $4 million could be due if performance and tenure targets are met.
The January deal brings Boundless into Payoneer’s global operation, expanding the fintech’s European footprint and adding employer-of-record services for cross-border hiring and payroll.
Founded in 2019 by Dee Coakley and Emily Castles, Boundless helps companies employ remote staff abroad without setting up local entities, while handling compliance with local employment and tax rules.
Boundless operates in 35 countries and counts Next15, Christie’s, Cubic Telecom, Datalex, Code Institute, Fund Recs and Zyte among customers; investors including Enterprise Ireland, Ada Ventures and Seedcamp exited through the sale.