Tagged: paypal

By Default: Venmo Payment App Publishing Intimate User Data Online

A German designer and coder has revealed that payment app (and PayPal subsidiary) Venmo has been publishing the intimate purchase details, profile pics and personal messages of users online- everything from lovers’ quarrel texts to drug deal texts to junk food purchases and purchase locations-… Read More

Cross-Border E-Payment Specialist PPRO Group Secures $50 Million Through Investment Round Led By PayPal With Participation from Citi Ventures

PPRO Group, a UK-based cross-border e-payment specialist, announced on Monday it secured $50 million through its latest investment round, which was led by PayPal with participation from Citi Ventures and return investor HPE Growth Capital. Founded in 2006, PPRO, which is an FCA authorized e-money institution, enables businesses to accept… Read More

PayPal Completes Consumer Credit Receivables Transaction With Synchrony

Global payments platform PayPal (NASDAQ: PYPL) announced on Tuesday the closing of its consumer credit receivables transaction with Synchrony (NYSE: SYF). PayPal reported that under the terms of the transaction, and related transactions with unaffiliated third parties, Synchrony acquired $7.6 billion in receivables, including PayPal’s… Read More

PayPal’s P2P Payments App Venmo Debuts Debit Card

PayPal’s P2P payments app Venmo announced on Monday the launch of its Venmo debit card. According to Venmo the new debit card will allow users to spend their Venmo balance in more places because the card can be used everywhere Mastercard is accepted in the U.S…. Read More

PayPal Acquires Global Payout Platform Hyperwallet

Online payments giant PayPal announced on Tuesday it has acquired global payout platform Hyperwallet for $400 million. The latest acquisition reportedly enhances PayPal’s capabilities, which will improve the company’s ability to provide an integrated suite of payment solutions to e-commerce platforms and marketplaces around the… Read More

PayPal & Temasek Acquires Minority Take in India Digital Retail Payments Platform Pine Labs

Pine Labs, an India-based digital payments platform, announced on Thursday Temasek, a global investment company headquartered in Singapore, and PayPal Holdings Inc., have acquired minority stakes in the company for a combined $125 million. The latest investment comes just a couple of months after Pine Labs secured $82… Read More

Paypal CFO Talks Venmo Mobile App and Says Paypal Will Transmit Crypto “If it Stabilizes”

After a fairly flat quarter of stock performance in Q1 2018, PayPal CFO John Rainey sat down with CNBC “Mad Money” host Jim Cramer last week to discuss growth of the company, plans for its mobile payment app Venmo and the possibility of enabling crypto… Read More

PayPal to Acquire Swedish Fintech iZettle

On Friday, CEO and Co-founder of iZettle, Jacob de Geer announced he and his team have reached an agreement with PayPal to acquire the Swedish fintech. The acquisition agreement comes less than two weeks after the company announced its plan to proceed with an initial public… Read More

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