US-based Payoneer appoints John Caplan as co-CEO

New York-based commerce paytech Payoneer has appointed John Caplan as co-CEO and director alongside current CEO Scott Galit, who will step down from the role in 2023.

Payoneer appoints new co-CEO

Caplan will lead alongside Galit during a transition period lasting until the end of next year, after which Caplan will take the lead as CEO. Galit will continue in a strategic role within the firm.

With the appointment, Payoneer aims to leverage Caplan’s experience to drive its growth, expand its product range and serve customers scaling their businesses.

Most recently, Caplan served as president of North America and Europe at Alibaba.com. He joined the Alibaba team in 2017 after it acquired OpenSky, an SMB software platform he founded in 2009.

The firm says Caplan “will assume leadership” over the business organisation and core corporate functions, while Galit will continue to oversee Payoneer’s regulated activities and lead the delivery functions that underpin the business.

“Payoneer has robust financials, an industry leading portfolio of services, a large and growing global customer base and a trusted partnership ecosystem that cannot be easily replicated,” says Caplan.

“Payoneer’s customers are the heartbeat of the entrepreneurial global economy. When they do well, local communities thrive,” Caplan adds.

Founded in 2005, Payoneer enables “borderless payments and growth” for digital businesses including Airbnb, Amazon and Google.