10 Best Tech Stocks To Buy Right Now Under $10

6. Payoneer Global Inc. (NASDAQ:PAYO)

Number of Hedge Fund Holders: 35

Share Price as of September 10: $7.14

Payoneer Global Inc. (NASDAQ:PAYO) is a financial technology company that operates a payment infrastructure platform, providing cross-border payment solutions to customers. With a one-stop, global, multi-currency account to serve all of their accounts receivable and accounts payable needs, customers can work with international clients and partners.

The company acknowledges that cross-border payments can be difficult, expensive, and slow, but because it operates businesses in international markets actively, it can mitigate challenges efficiently. The international development program growth accelerated to 10%, driven by higher take rate regions such as APAC, EMEA, and Latin America, as well as double-digit growth in China.

In Q2 2024, the company generated $239.52 million in record revenue, recording a 15.86% growth from Q2 last year. It also repurchased $47 million worth of shares during this quarter.

35 hedge funds are long in the company, with a total stake of 6,764,016 shares. The highest shareholder is Millennium Management, maintaining a position of $29,532,326.

Just recently, the company acquired Squad, a company that helps businesses hire and manage international employees. Payoneer Global Inc. (NASDAQ:PAYO) plans to sell Squad’s services to its existing customers, which will help it earn more money and better serve customers.

The company is a great choice for businesses that operate in multiple countries, as it continues proving itself through different expansion strategies and advancements. It is committed to innovation and creating value for everyone involved with the company.