Risk Factors Update Summary
- Materially adverse effect if Amazon changes requirements, imposes restrictions, or alters status. Revenue from Amazon was 25% in 2023.
- Payoneer United Kingdom is licensed by the Financial Conduct Authority as an Electronic Money Institution.
- Failure to manage customer funds properly could materially harm business. Losses: $12.0M (2022), $34.0M (2021), $23.7M (2020).
- Payoneer Singapore is licensed as a Major Payment Institution by the Monetary Authority of Singapore.
- Declines in e-commerce utilization could materially adversely affect business. Amazon revenue: 18% (2023).
- Revenue from Greater China decreased from 35% in 2022 to 31% in 2023.
- Cyberattacks and security vulnerabilities could materially harm reputation, business, and financial condition.
- Failure to protect intellectual property could materially harm business and results of operations.
- Violations of foreign and U.S. laws may result in fines, prohibitions, and damage to reputation.
- Changes in interest rates could materially adversely affect results of operations. Federal Reserve raised rate by 525 basis points.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1845815&owner=exclude
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