But Cohen and her team were in on the SPAC trend before 2020's mania began: FTAC is their fourth fintech-focused shell company. One 2018 SPAC announced a merger agreement late last year with payments provider Paya. Another, which went public in January 2017, combined with International Money Express. FinTech Acquisition, which went public in February 2015 combined with CardConnect, which was later acquired by First Data for roughly $750 million. Payoneer was started in 2005 by Yuval Tal, an Israeli entrepreneur who helped start other tech and e-commerce payment companies.