Online payment service Payoneer has raised USD8m in Series B funding from Greylock Partners and Carmel Ventures, reports TechCrunch.
Payoneer was founded in Israel and has headquarters in New York and Tel Aviv. The firm markets and manages pre-paid MasterCards. These are activated and managed online, and can be used to make purchases over the internet as well as in shops and businesses around the world. Payoneer works with the First Bank of Delaware to issue and process its cards.