PayPal weighs up crypto acquisitions following major wallet update
BitGo had a valuation of around $170 million in 2018.
PayPal
PayPal brings crypto further into mainstream with wallet update
PayPal landed the first conditional crypto licence from the NYSDFS.
PayPal adds interest-free instalments to its UK wallet in BNPL play
Two thirds of British millennials use BNPL services.
PayPal nabs Wells Fargo’s Peggy Mangot for venture capital role
Mangot was behind the launch of Wells Fargo’s challenger app Greenhouse.
PayPal and Venmo to “allow buys and sells of crypto directly”
It is understood the services will offer “a built-in wallet functionality” so you can store crypto.
Tink lands second strategic investment from PayPal
As part of the deal Tink will cover all countries in EEA for PayPal.
Money Dashboard appoints ex-PayPal CEO as new chair
Edinburgh-based fintech prepares for next growth phase.
Square, PayPal and Intuit QuickBooks approved to hand out SBA loans
“This is a race to save jobs in the present and for the future,” says PayPal.
US non-bank financial firms push Congress for SME lending relief
Legislators are currently working on a bill which addresses small business loans.
PayPal migrates “key” infrastructure to Google’s new Salt Lake City data centre
Google Cloud now has 22 data centers across the globe.
PayPal users lose £1m to fraudsters posing as buyers
A total of 3,059 crime reports were submitted to Action Fraud regarding the scam.
Plaid and Honey: How consolidation helps and hinders competition
Consolidation is now becoming synonymous with standardisation – breeding competition.
PayPal sues US regulator over its “misleading” digital wallet rules
PayPal wants the Consumer Financial Protection Bureau (CFPB) to change its rules.
PayPal sweetens e-shopping processing with Honey deal
The acquisition is PayPal’s largest to date.
Crypto compliance start-up TRM Labs raises $4.2m with help of PayPal
Backers include Reddit’s founder and PayPal Ventures.
Village Capital and MetLife Foundation selects 11 start-ups for MENA accelerator programme
Finalists from this cohort will receive grant capital totalling $50,000.
Japan’s instant credit start-up Paidy raises $143m
It includes $83m in a Series C extension and $60m in debt financing.
PayPal subsidiary Venmo launches first credit card with Synchrony Bank
Venmo will now be able to compete with N26 and Chime in the US market
Libra publishes signed charter with 21 members, inc. Spotify, Uber and PayU
Libra’s meeting also agreed on board members and staff.
Mastercard, Visa, eBay and Stripe follow PayPal’s suit and leave Facebook’s Libra
Facebook’s hopes of a global cryptocurrency are hanging in the balance.
PayPal is first foreign company to nab Chinese payments licence
Acquisition of GoPay gives PayPal a way into the Chinese market
Australia orders audit of PayPal’s reporting compliance
The company reported itself following an internal review.
PayPal helps entrepreneurs with MetLife and Village Capital
The alliance will reach out to more than 100 fintech health entrepreneurs.
Top fintech stories this week – 12 July 2019
N26 has superhero-landed in the US, new hip bank in Spain, and more!
Visa and PayPal’s new deal
While the US service is powered via a partnership with JPMorgan Chase, PayPal’s Instant Transfer in Canada is powered by Visa’s push payments system, Visa Direct.
Monese and PayPal partner to enhance its mobile features
It follows PayPal’s investment in Monese’s Series B.
E-wallets and beyond: are cryptos the next step in online casino transactions?
Challenging the dominance of traditional banks within the online casino industry.
Paysend secures $4.2m crowdfunding for global expansion
The round hit its target in less than 72 hours.
Top fintech stories this week – 7 June 2019
The FCA introduces new rules for P2P platforms, while Tink secures investment from PayPal, and more!
Tink secures strategic investment from PayPal
The investment from PayPal adds $11.2 million to Tink’s capital.
PayPal invests in potential collaboration with Cambridge Blockchain
The funding is an extension of the firm’s Series A round.
Video: fintech news weekly round-up – 18 March 2019
More open banking news, fintechs in LatAm, an a MasterCard acquisition.
Top fintech stories this week – 15 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
PayPal pumps $750m into e-commerce firm MercadoLibre
The Argentine company is planning to raise $1.85bn in equity offerings.
PayPal to close offices in Malaysia
All PayPal Malaysia employees will be affected by this closure.
Raisin caught raising $114m for savings quest
Series D brings total amount raised to $200m.
PayPal picks Temenos T24 core banking system
T24 will support PayPal’s operations in the US, UK, Germany and Australia.
Could PayPal dethrone banks when it comes to small business loans?
In the field of small business loans, PayPal is certainly changing the traditional paradigm.
PayPal gives a Toss about Viva Republica’s $80m funding
Aimed at expanding the firm’s consumer app Toss.
US tech watch: Gradifi, Numerated, Jibo, Corvus, Botkeeper
Boston bosses this one. A wave of cash for finance and insurance tech start-ups, and a robotic assistant goes dark.
