Exhibit 21.1
Subsidiaries of the Registrant
Entity Name | | Jurisdiction of Organization |
Payoneer Inc. |
| Delaware |
Payoneer Research and Development Ltd. |
| Israel |
Payoneer (UK) Limited |
| United Kingdom |
Payoneer (EU) Limited |
| Gibraltar |
Payoneer Hong Kong Limited |
| Hong Kong |
Payoneer Japan Limited |
| Japan |
Payoneer Early Payments Inc. |
| Delaware |
Payoneer Canada Limited |
| British Columbia, Canada |
Payoneer Australia Pty Ltd |
| New South Wales, Australia |
Payoneer (Guangzhou) Commerce Services Co., Ltd. |
| China |
Payoneer Payment Services (UK) Limited |
| United Kingdom |
Payoneer Europe Limited |
| Ireland |
Payoneer Germany GmbH |
| Germany |
Payoneer Singapore Private Limited |
| Singapore |
Payoneer India Private Limited | | India |
Payoneer India Commerce LLP | | India |
GCA SPV I LLC | | Delaware |
Payoneer (Vietnam) Company Limited | | Vietnam |
Payoneer Services Holdings Inc. | | Delaware |
Payoneer Global Services Spain, S.L. | | Spain |
Payoneer Holdings APAC Inc. | | Delaware |
Payoneer Holdings East Asia Inc. | | Delaware |
Payoneer Holdings EEA Inc. | | Delaware |
Payoneer Holdings UK Inc. | | Delaware |
Payoneer Holdings SAMEA Inc. | | Delaware |
Payoneer Corporate Holdings Inc. | | Delaware |
Beijing Payeco Development Holding Corporation | | China |
Payoneer Services Hong Kong Limited | | Hong Kong |
Skuad Pte Ltd | | Singapore |
All Remote Solutions Pte. Ltd. | | Singapore |
All Remote Solutions Pvt. Ltd. | | India |
Skuad Lab India Pvt Ltd | | India |
Skuad Australia Pty Ltd | | Australia |
Skuad New Zealand Pty Ltd | | New Zealand |
Skuad (Thailand) Co. Ltd | | Thailand |
Skuad Remote Solutions SDN BHD | | Malaysia |
PT Skuad Solutions Indonesia | | Indonesia |
All Remote Solutions (SMC-PVT) Ltd | | Pakistan |
Skuad Philippines Inc | | Philippines |
Skuad Vietnam Company Ltd | | Vietnam |
Skuad Hong Kong Ltd | | Hong Kong |
Skuad Korea Co. Ltd | | South Korea |
Skuad Ltd | | Bangladesh |
Skuad (Cambodia) Co. Ltd | | Cambodia |
Skuad Internet Technology (Shanghai) Co., Ltd | | China |
Skuad Nigeria Pty Ltd | | Nigeria |
Skuad Pte Ltd | | Israel |
Skuad South Africa (PTY) Ltd | | South Africa |
Rype Remote Solutions Ltd | | Kenya |
Skuad Cameroon Limited | | Cameroon |
Skuad Tanzania Limited | | Tanzania |
Skuad Human Resources Consultancy L.L.C | | United Arab Emirates (UAE) |
Skuad Solutions | | Egypt |
Skuad LLC | | Morocco |
Skuad, Inc. | | US |
Skuad Canada INC | | Canada |
Skuad Company S.A.S | | Colombia |
Skuad Solutions Mexico SA DE CV | | Mexico |
Skuad Brasil Gestao De Recursos Humanos LTDA Sociedade Unipessoal | | Brazil |
Skuad Panama S.A. | | Panama |
2
Skuad Costa Rica SRL | | Costa Rica |
Skuad Chile SpA | | Chile |
Skuad Dominican Republic SRL | | Dominican Republic |
Larner Sociedad Anonima | | Paraguay |
Skuad Uruguay S.A.S | | Uruguay |
Skuad Honduras S. DE R.L. | | Honduras |
Skuad Bolivia S.R.L. | | Bolivia |
Skuad Peru Sociedad Anónima Cerrada | | Peru |
Skuad UK Ltd | | UK |
Skuad Estonia OU | | Estonia |
Skuad Spain SL | | Spain |
Skuad Remote Solutions S.R.L | | Romania |
Skuad Doo Beograd | | Serbia |
Skuad Netherlands B.V. | | Netherlands |
Skuad France SAS | | France |
Skuad Ukraine LLC | | Ukraine |
SKUAD POLAND sp. z o.o. | | Poland |
Skuad Portugal, Unipessoal LDA. | | Portugal |
Skuad Italia S.r.l | | Italy |
Skuad Ireland Limited | | Ireland |
Skuad Hungary LLC | | Hungary |
Skuad Denmark ApS | | Denmark |
All Remote Solutions Finland Oy | | Finland |
Skuad Norway AS | | Norway |
Skuad Slovakia s.r.o. | | Slovakia |
Skuad (Cyprus) Ltd | | Cyprus |
Skuad Bulgaria EOOD | | Bulgaria |
Skuad Solutions Sarl | | Switzerland |
Skuad Hellas Single Member P.C. | | Greece |
Skuad Remote Solutions LLC | | Armenia |
Skuad Remote Solutions Georgia LLC | | Georgia |
Skuad Germany GmBH | | Germany |
3
Skuad Belgium BV | | Belgium |
Skuad Remote Solutions LLC Sarajevo, "Remote Solutions Group" | | Bosnia and Herzegovina |
Skuad Czech Republic s.r.o.' Skuad Zagreb d.o.o. | | Czech Republic Croatia |
Skuad Turkey Human Resources Management Consultancy LLC | | Turkey |
Skuad S.A.S. | | Argentina |
Payoneer Payments (Guangdong) Co., Ltd (formerly, Payeco Finance Information Holding Corporation) | | China |
Boundless Technologies Limited* | | Ireland |
Boundless Cyprus Limited* | | Cyprus |
Boundless Payroll Belgium SRL* | | Belgium |
Boundless Payroll South Africa (Pty) Ltd* | | South Africa |
Boundless Payroll RO S.R.L.* | | Romania |
Boundless Payroll Finland Oy* | | Finland |
Boundless Payroll SL d.o.o.* | | Slovenia |
Boundless Payroll Mexico SC* | | Mexico |
Boundless Payroll Hungary Kft* | | Hungary |
Boundless Payroll Norway AS* | | Norway |
Boundless Payroll Bulgaria EOOD* | | Bulgaria |
Boundless Payroll Chile SpA* | | Chile |
Boundless Payroll Spain, S.L.* | | Spain |
Boundless Payroll Sweden AB* | | Sweden |
Boundless Payroll CR d.o.o.* | | Croatia |
Boundless Payroll Canada Limited* | | Canada |
Boundless Payroll Poland Spółka z Ograniczoną Odpowiedzialnością* | | Poland |
Boundless Payroll Czech Republic s.r.o.* | | Czech Republic |
Boundless Payroll France S.à r.l.* | | France |
Boundless Payroll Netherlands B.V.* | | Netherlands |
Boundless Payroll Portugal, Unipessoal Lda.* | | Portugal |
Boundless Payroll Estonia OÜ* | | Estonia |
Boundless Payroll USA, LLC* | | United States |
Boundless Payroll Singapore PTE. LTD* | | Singapore |
4
Boundless Payroll Lithuania UAB* | | Lithuania |
Boundless Payroll New Zealand Limited* | | New Zealand |
Boundless Payroll Germany GmbH* | | Germany |
Boundless Payroll Australia Pty. Ltd.* | | Australia |
Boundless Payroll Denmark ApS* | | Denmark |
Boundless Payroll UK Limited* | | United Kingdom |
Boundless Payroll Ireland Limited* | | Ireland |
* Acquired after the reporting period of this Annual Report, on January 19, 2026.
5