image credit: Unsplash

Payoneer acquires AI-powered data platform Spott to streamline decision-making

August 4, 2023

Founded in 2020 and based in Tel Aviv, Spott leverages artificial intelligence (AI) and machine learning (ML) to sift through large datasets and provide quantifiable results to help businesses make more informed and faster decisions.

Payoneer says the start-up’s capabilities will help it to “better understand and serve customers”. It plans to use Spott’s tech to “analyse large sets of data to apply advanced AI models and make predictions and decisions about its service offerings for a global SMB customer base”.

The company will initially deploy the technology to streamline underwriting for its working capital products.

Read More on FinTech Futures