Ex-Nice CEO Barak Eilam appointed Payoneer director amid fintech’s turnaround
Payoneer’s stock has surged 80% as the company expands its global payments and clearing operations.
Barak Eilam has been appointed as a director of Israeli fintech company Payoneer, which is traded on Wall Street at a valuation of $3.5 billion.
This marks Eilam’s first appointment outside of software company Nice since he left the company he joined in 1999. He stepped down as CEO of Nice at the end of 2024 after a decade at the helm. During his tenure, he reshaped the company by spinning off its security operations and expanding its cloud business, which became its primary growth driver.
Nice ended 2024 with 15% revenue growth, reaching $2.7 billion, with $2 billion coming from cloud operations. However, the company issued a disappointing forecast for 2025.
Payoneer, led by CEO John Caplan, is in the final stages of an organizational transformation and recovering from the crisis that followed the bursting of the 2021 tech bubble.
Its stock has surged 80% over the past year, driven by improved business performance and expansion into new areas within payments and transaction processing for small businesses.
Payoneer is set to release its financial results this Thursday. After raising its guidance, the company now expects annual revenue of nearly $1 billion.
Eilam also currently serves on the boards of FactSet Research Systems and SimilarWeb, as well as on the boards of the privately held companies HMH and Cvent.
