Payoneer said this week that it is opening new offices in the Glilot area and hiring dozens of employees in Israel as the financial technology company deepens its investment in the country and expands its use of artificial intelligence across its operations.
The company, which provides cross-border payment and financial services for businesses, said the hiring will focus on product, AI engineering, data, compliance and operations teams.
Payoneer said the moves are part of a long-term strategy to strengthen Israel’s role as a global innovation hub for the company and to advance what it described as its transformation into an AI-native organization.
After 19 years in Petah Tikva, the company is relocating to new offices in the Glilot complex, where it said its teams will be brought together in a single workspace intended to support closer collaboration, faster product development and continued innovation.
The new offices include about 12,000 square meters, or roughly 129,000 square feet, spread across seven floors in the Allied Cities tower in Ramat Hasharon. The company said the building meets LEED Platinum sustainability standards and is part of a mixed-use development that also includes the BIG FASHION Glilot retail and lifestyle complex.
Payoneer said it has embedded AI over the past year in key areas including software development, fraud prevention, compliance processes and customer support operations. The company said dedicated AI engineering roles, internal automation agents and AI-assisted development cycles have helped shorten execution times, improve operational efficiency and speed product delivery at global scale.
Payoneer CEO John Caplan Photo: PayoneerCEO John Caplan said the expansion reflects growing demand for the company’s global platform services and its strategic shift toward more sophisticated business customers operating across multiple markets. He said products developed in Israel affect nearly 2 million customers in more than 190 countries and territories.
“Our move to Glilot represents a strategic investment in building up our teams that drive our innovation and AI-first approach,” Caplan said in a statement.
Chief Product and Technology Officer Oren Ryngler said the rise of AI is reshaping how software is built and operated, allowing for greater speed, scale and quality. He said the new hires are intended to build on the company’s momentum while supporting continued investment in employees and the changing nature of their roles.
Payoneer Chief Product and Technology Officer Oren Ryngler Photo: Inga Avshalom ShilianRyngler said Payoneer’s Israeli team would play a central role in developing capabilities expected to help shape the next generation of financial services platforms for global businesses.
Payoneer describes itself as a financial platform for cross-border business and global payments, serving millions of businesses, particularly small and medium-size companies in emerging markets. The company says its tools are designed to help businesses send and receive cross-border payments, manage funds in multiple currencies and expand internationally.