Tagged: paypal

Cash Back Mobile App Dosh Secured $44 Million Through Series A Funding Round Led By Goodwater Capital & PayPal

Dosh, an app that gives consumers cash back every time they shop at participating merchants, announced on Thursday it has completed a $44 million Series A financing round to accelerate product innovation and technical capabilities. Goodwater Capital, PayPal, and institutional investors participated in the funding round. Founded… Read More

PayPal’s Latest Disruption: Inspired by Brick & Mortars?

While some fintechers have announced that brick and mortar banks are dead, others are emulating key features of traditional banks. Fintech behemoth PayPal is reportedly rolling out its new innovations that harken back to mainstream brick and mortar banks. According to wsj.com, PayPal has been… Read More

China: WeiyangX Fintech Review

China is Setting Up a National Online Contract Filing Platform On March 21st, the National Committee of experts on Internet Financial Security Technology (hereinafter referred to as the “Special Committee”) announced that it has jointly set up the national online contract filing platform with SIC… Read More

eBay Names Dutch Fintech Adyen New Primary Payments Processor

On Thursday, online marketplace eBay announced it has signed an agreement with Dutch fintech Adyen to become its primary payments processing partner. The company revealed it intends to further improve its customer experience by intermediating payments on its Marketplace platform.  By doing this, it will… Read More

PayPal CIO Bradley Strock Joins Elevate’s Board of Directors

Elevate Credit, Inc., a tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, announced on Thursday that PayPal CIO Bradley Strock has joined its Board of Directors. This news comes just days after the company announced it appointed former PayPal and loanDepot executive… Read More

European Fintech Raisin is Backed by PayPal with Strategic Investment

Raisin, a unique financial marketplace that empowers savers to access the best interest rates across Europe, has received a strategic investment from global payments platform PayPal (NASDAQ:PYPL). This is an interesting development for Berlin based Raisin and a further validation of their disruptive service. Raisin… Read More

Stripe Follows PayPal’s Passage into India, Initiates Invite-Only Beta

Attention MobiKwik, RazorPay and PayPal, Payments startup Stripe has just announced its entrance into the Indian mobile wallet sector! “Today we’re starting an invite-only beta for Stripe in India with a small group of companies. These businesses will help us test our platform in the… Read More

U.S. Fintech Simility Secures $17.5 Million During Latest Funding Round Led By Accel With Participation From PayPal

Simility, a provider of machine learning–powered adaptive fraud prevention solution, today announced it has secured $17.5 million during its latest funding round. PayPal, Inc. also participated in the round as a new strategic investor along with existing investors The Valley Fund and Trinity Ventures. This brings Simility’s… Read More

Report: Fintech Affirm Receives Unicorn Status in Next Funding Round

Affirm, a Fintech that provides point of transaction access to credit, has been received Unicorn status, according to multiple reports. Affirm is the creation of Max Levchin, a PayPal co-founder, who knows a thing or two about finance. According to a report in Bloomberg last… Read More

Users of Acorns May Now Use PayPal For Investment Accounts

On Monday, PayPal announced users may now use its payment processing to fund an investment account with Acorns. According to the company, over 2.3 million people around the U.S. are investing through Acorns to help save for long and short-term expenses. PayPal revealed that once they link… Read More

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