Businessman and entrepreneur, Yuval Tal, was born in Israel and currently lives in a Tel Aviv suburb. Tal enrolled at Tel Aviv University in 1988 and received his BSc degree in mechanical engineering four years later. He subsequently studied for and completed his biomedical engineering MSc degree, with a minor in business administration, at the same university.
Yuval Tal has over 20 years of experience in Internet commerce-related technology startups and is an expert in currency exchange, security technologies and prepaid card applications. He is the founder of Payoneer, which he established in 2005. Payoneer offers a simple and effective online payment solution that has successfully secured and delivered millions of online payments to people around the world. The Payoneer model includes a prepaid MasterCard® card that enables thousands of online businesses to send and receive online payments.
Yuval Tal has developed two patented methods, offering new ways for payment transfer and multiple currency transactions; he has worked for years on streamlining the payment process and cutting out banks as the middle men. In addition to having access to an easier money-transfer process, consumers are no longer bound to international money order fees and other big-bank shortcomings. For example, when one calls Payoneer, they immediately receive live customer service rather than automation.
Payoneer's clients come from a wide array of industries, including content providers, web merchants, game developers, online add networks, online affiliate networks, stock photography, pharmaceuticals, online marketing, clinical trials and more. The company is privately owned, and its funding partners are Greylock Partners, Crossbar Capital and Carmel Ventures.
Prior to the founding of Payoneer, Tal was the co-founder of one of the first successful enablers of global e-commerce, E4X Inc., now known as Fifty One Global E-Commerce. E4X Inc., which started operations in 1999 and provided clients with online cross-border payments, grew under Tal's leadership. The blue chip accounts garnered by the company are what allowed E4X Inc. to turn a profit in record time and be valued in excess of $500 million in just five years of operation.
The company, while based in New York, manages many currencies, payments, and orders in various locations around the globe. Its international clients can often make these orders with the monetary system of their native country, as Fifty One can process the orders and payments in many different currencies. Fifty One is also known worldwide as being one of the first companies to provide US merchants the ability to sell and market their brands and merchandise in the customer's choice of international currency (even when it's not American). Merchants that took advantage of this include the clothing brand Anthropologie, and e-commerce drugstore site Drugstore.com.
Yuval Tal has also been successfully involved in other Internet startups. He was CEO of R-U-Sure Ltd., an Israeli company that provided comparative shopping, and director of business development for Radware Ltd., a global leader and award-winning provider of comprehensive integrated application delivery solutions.
Payoneer Master Card
Yuval Tal has many interests besides business. One of them is the field of photography, which he has a fascination with. He has taken courses in New York at the prestigious New School for General Studies and New School of Design Parsons. Parsons is considered to be a pioneer in art and design education, and its alumni include artists, scholars and businesspeople.
Tal is also a dedicated runner. He participated in the 10-kilometer Nike Night Run in Tel Aviv in 2010 and competed in a triathlon - a multi-sport event that includes running, cycling and swimming.