Payoneer Global Inc. (NASDAQ:PAYO) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET
Company Participants
Michelle Wang - Vice President-Investor Relations
John Caplan - Chief Executive Officer
Bea Ordonez - Chief Financial Officer
Conference Call Participants
Darrin Peller - Wolfe Research
Trevor Williams - Jefferies
Will Nance - Goldman Sachs
Ashwin Shirvaikar - Citi
Mayank Tandon - Needham
Bob Napoli - William Blair
Sanjay Sakhrani - KBW
Josh Siegler - Cantor Fitzgerald
Operator
Good morning. Thank you for standing by. Welcome to Payoneer’s First Quarter 2023 Earnings Conference Call. At this time, all lines have been placed on mute to prevent any background noise. Following the speakers' remarks, we will open the line for your questions. As a reminder, this conference call is being recorded.
I would now like to turn the call over to Michelle Wang, Payoneer's VP of Investor Relations.
Michelle Wang
Thank you, operator. With me on today's call are Payoneer's Chief Executive Officer, John Caplan and Payoneer's Chief Financial Officer, Bea Ordonez.
Before we begin, I'd like to remind you that today's call may contain forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, including those set forth in our filings with the SEC, which are available in the Investor Relations section of our website. Actual results may differ materially from any forward-looking statements we make today.
These forward-looking statements speak only as of today and the company does not assume any obligation or intent to update them, except as required by law. In addition, today's call may include non-GAAP measures. These measures should be considered as a supplement to and not as a substitute for GAAP financial measures. Reconciliation to the nearest GAAP measure can be found in today's earnings press release, which is available on the company's website.
Additionally, in line with our commitment to enhancing investors' understanding of our business, please note we have posted a new earnings presentation supplement alongside our earnings press release on investor.payoneer.com.
With that, I'd like to turn the call over to John to begin.
John Caplan
Good morning, and thank you all for joining us today to discuss our first quarter 2023 results. On today's call, I will discuss our business momentum and provide a progress update on the priorities we outlined in February. Bea will then cover first quarter financial results and our increased 2023 guidance in more detail.
Payoneer is helping SMBs in the fastest-growing emerging markets to compete in the global economy. We enable customers in over 190 countries and territories to pay, get paid and manage their funds and scale their businesses. Our opportunity is significant. There are hundreds of millions of emerging market businesses, who need a modern global financial operations partner, and Payoneer is the best positioned company globally to serve them with our trusted financial platform, scalable network and infrastructure.