Tagged: paypal

PayPal Opens Domestic Operations in India & Launches Money Pool Fundraising Feature

PayPal announced earlier this week that it has launched domestic operations in India. The company revealed that over the past decade it has been on a journey to digitize India by enabling cross-border transaction. “Today, we are proud to announce that we are adding domestic… Read More

Village Capital Teams Up With PayPal For New Fintech Africa Program

Village Capital, in partnership with PayPal, recently announced it is accepting applications for its Fintech Africa 2018 program. Founded in 2009, Village Capital is a global venture firm that discovers, developed, and invests in entrepreneurs. Since its launch, the company has been working with early-stage investors,… Read More

PayPal Debuts Payment Product For Marketplaces, Platforms & Crowdfunding Portals

PayPal announced on Monday it has launched a new payment product that was made specifically for marketplaces, platforms, and crowdfunding portals. According to PayPal, the new program allow it to support buyers in more than 200 markets and sellers in over 120 markets. The company will also… Read More

PayPal Partners with Kiva on Loans for Entrepreneurs

PayPal has partnered with Kiva to help provide loans to entrepreneurs. This is the second time PayPal and Kiva have empowered PayPal users to provide loans while receiving a Kiva credit. Last year the campaign say more than 10,000 PayPal customers and employees make loans… Read More

Former PayPal President Scott Thompson Joins Canadian Fintech Payment Rails As Investor & Board Advisor

Payment Rails, a Canada-based API-first payouts platform for businesses, announced on Tuesday it has appointed former President of PayPal, Scott Thompson, as an investor and board advisor. This news comes just after the company completed its seed round and brought total investment funding to $1.1… Read More

MobileCause Announces Partnership With PayPal

MobileCause recently announced it has formed a partnership with PayPal to provide easier, faster, and secure ways for nonprofit organizations to engage with donors on its platform. While sharing details about the partnership, Sean MacNeill, CEO of MobileCause, stated; “Our mission is to make every connection… Read More

PayPal Buys SME Lender Swift Financial

PayPal has acquired Swift Financial (not to be confused with Swift the global banking messaging platform). The purchase will buttress PayPal Working Capital, a lending segment of PayPal that provides SMEs access to capital. Headquartered in Delaware, Swift Financial was established in 2006 to provide… Read More

China: WeiyangX Fintech Review

Baidu Partners With PayPal to Tap Cross-border Payments On July 28, Baidu annouced a strategic agreement with PayPal to tap oversea merchants as Chinese tech companies ramp up the fight for overseas payment partnerships. The partnership allows Baidu Wallet users to make online purchases outside… Read More

Online Lender LendUp Receives Strategic Investment From PayPal & Appoints Former CFO of LendingClub As Board Advisor

LendUp, a socially responsible online lender on a mission to redefine financial services for the emerging middle class, announced on Thursday it received a strategic undisclosed sum investment from PayPal.  While sharing details about the investment, Sasha Orloff, LendUp co-founder and CEO, stated: “PayPal has… Read More

Zelle Says “We heard you needed a better way to pay”. But is Anyone Listening?

Zelle, the erstwhile Venmo killer, is the creation of a cabal of traditional banks. As of this month, 86 million mobile banking customers will be able to utilize the peer to peer payments platform to send money via mobil banking apps. The list of the… Read More

LendingClub Appoints Former PayPal Exec Steve Allocca as President

LendingClub (NYSE: LC), the largest marketplace lending platform in the US, has announced the appointment of Steve Allocca as President of the online lending company. Allocca will start at LendingClub on May 22, 2017 and will report directly to LendingClub CEO Scott Sanborn. Allocca will… Read More

FIN Opposes Elements of CHOICE Act: Do Not Repeal Debit Reforms

Last week Financial Innovation Now (FIN), an alliance of companies which includes Fintech behemoths innovator Amazon, Apple, Google, Intuit and PayPal, spoke out against language used in the Financial CHOICE Act that would repeal debit swipe fee reform. In a letter penned by FIN Executive Director Brian… Read More

PayPal Launches New Small Business Tool “Business in a Box”

PayPal announced on Monday the launch of its new small business toolkit, Business in a Box. This news comes just after the payment giant revealed its PayPal Working Capital helped over 115,000 businesses around the world access more than $3 billion in loans and cash… Read More

Financial Innovation Now Submits Recommendations to Senators Crapo & Brown as to How to Boost the Economy

Financial Innovation Now (FIN) has submitted their recommendations to Senators Crapo and Brown, the Chair and Ranking Member on the Senate Banking Committee, as to how best to improve Economic Growth. The proposals follow a public request by the two Senators asking members of the public… Read More

PayPal Directors Hit With Class Action Suit from Shareholders Over Venmo

  On March 24, 2017, shareholders of PayPal Holdings Inc., the parent company of mobile-payment provider Venmo, filed a derivative suit against its directors in the District Court of Delaware. A derivative suit is a form of class action in which shareholders can sue company… Read More

Brady Fletcher Wants Your Money, Millennials

Past generations have had their market opportunities; the Baby Boomers the jump in energy prices during the 1970’s and Generation X had the tech boom (and bust) of the 1990’s. But Brady Fletcher says the empowerment-driven Millennials haven’t had their own spring of market luck…. Read More

PayPal Invests in Korean Payment App Toss

Viva Republica, a Fintech startup that provides a P2P money transfer service called Toss, has received a $48 million investment from PayPal (NASDAQ: PYPL), Goodwater Capital, Bessemer Venture Partners, Altos Ventures and Partech Ventures. Toss had previously raised $29 million in earlier funding. The young company… Read More

Can Zelle Replace Venmo? Banking Giants Fight Back.

Does “Can you Zelle me the payment?” have the same ring to “You can just Venmo me?” A company knows that it has made it when people turn its name into a verb, as Venmo and Uber (despite its bad press these past few weeks)… Read More

Financial Innovation Now Tells CFPB to Examine, Not Regulate, Consumer Access to Digital Financial Records

The Consumer Financial Protection Bureau (CFPB), launched an inquiry into consumers seeking access to their financial records.  At the time of the announcement, CFPB Director Richard Cordray stated; “Consumers should be able to use their financial records and account information and securely share access in… Read More

PayPal, Singapore Management University Team Up for Fintech Scholarship

PayPal and Singapore Management University (SMU) have teamed up to establish a fintech scholarship that is worth S$180,000 (over $125,000). The investment is focused on building the talent pool in Singapore for the fintech sector. Six undergraduates at SMU’s School of Information Systems (SIS) will each… Read More