What Companies Does PayPal Own?

PayPal Holdings Inc., a global leader in digital payments, is a powerhouse in the industry, serving a massive customer base of 305 million account holders worldwide. From its humble beginnings as a money-transfer service by Confinity Inc. in 1999, PayPal has experienced remarkable growth and success. Let’s explore the companies that PayPal has acquired along the way, solidifying its position as a dominant force in the digital payments landscape.

Key Takeaways:

• PayPal has a vast portfolio of companies, expanding its reach and offerings in the market.
• Notable acquisitions include Honey Science Corp., iZettle, Braintree, Xoom Corp., and Hyperwallet Systems Inc.
• These acquisitions have been instrumental in increasing PayPal’s payments volume and strengthening its presence in various markets.
• PayPal’s commitment to innovation and strategic investments has established its position as a leading player in the industry.
• The company’s revenue in 2019 reached an impressive $17.8 billion, with a market value of nearly $209 billion.

PayPal Acquisition: Honey Science Corp.

One of the notable acquisitions made by PayPal is Honey Science Corp. In November 2019, PayPal acquired Honey, an online coupon and discounting company, for approximately $4 billion. This acquisition marked PayPal’s largest acquisition to date and further expanded its portfolio of owned companies.

Honey Science Corp. specializes in providing a browser extension app that automatically applies coupons during online shopping. With this acquisition, PayPal aims to enhance the online shopping and payment experience for its customers. By integrating Honey’s technology, PayPal can offer its users access to exclusive deals and discounts, ultimately driving consumer engagement and increasing sales for merchants.

Benefits of the Acquisition

The acquisition of Honey Science Corp. brings several benefits to PayPal and its customers. By leveraging Honey’s technology, PayPal can provide its users with a seamless and convenient way to save money while shopping online. The browser extension app automatically searches and applies relevant coupons, ensuring that users get the best possible deals.

For merchants, this acquisition presents an opportunity to reach a wider customer base and increase sales. With PayPal’s extensive user network, merchants can benefit from increased visibility and consumer engagement. The integration of Honey’s capabilities into PayPal’s platform ultimately creates a win-win situation for both users and merchants.

Benefits of Honey Science Corp. Acquisition:
Enhanced online shopping experience for PayPal customers
Increased consumer engagement and sales for merchants
Access to exclusive deals and discounts for PayPal users
Seamless integration of Honey’s technology into PayPal’s platform

PayPal Acquisition: iZettle

iZettle is a payments processing company that offers mobile credit card payment services and small business solutions. It was acquired by PayPal in September 2018 for approximately $2.2 billion. This acquisition was a strategic move for PayPal to expand its in-store presence with small businesses and enter the European and Latin American markets.

With iZettle, PayPal gained access to a technology platform that enables businesses to accept card payments through mobile devices. This integration allows merchants to accept payments seamlessly, whether in-person or online, enhancing the overall shopping experience for customers.

The acquisition of iZettle also strengthens PayPal’s position in the digital payments industry by increasing its reach and market share. By providing small businesses with convenient payment solutions, PayPal aims to empower entrepreneurs and drive economic growth.

Key Highlights of the PayPal-iZettle Acquisition:

• iZettle was acquired by PayPal in September 2018 for approximately $2.2 billion.
• The acquisition aimed to expand PayPal’s in-store presence with small businesses and enter the European and Latin American markets.
• iZettle’s technology platform enables businesses to accept card payments through mobile devices, enhancing the overall shopping experience for customers.
• The acquisition strengthens PayPal’s position in the digital payments industry and increases its market share.
• By providing small businesses with convenient payment solutions, PayPal aims to empower entrepreneurs and drive economic growth.

Year of Acquisition	Acquired Company	Deal Value
2018	iZettle	$2.2 billion

PayPal Acquisition: Braintree

Braintree is a mobile payments company that offers a payments gateway for merchants and online businesses. The company was acquired by PayPal parent eBay for approximately $800 million in September 2013, further expanding PayPal’s business holdings. With the acquisition of Braintree, PayPal became a global one-stop shop for merchant account services and payment processing, solidifying its position as a leader in the digital payments industry.

Braintree’s mobile payments technology allows businesses to accept payments from various devices, making it convenient for both the merchants and their customers. By integrating Braintree’s platform into its services, PayPal gained access to a wide range of merchants and online businesses, enabling seamless transactions across multiple channels.

The PayPal acquisition of Braintree also emphasized the company’s commitment to innovation and staying ahead of the competition. By incorporating Braintree’s technology and expertise into its portfolio, PayPal strengthened its ability to provide cutting-edge solutions and enhance the overall user experience for its customers.

Table: Braintree Acquisition Details

Company Name	Acquisition Date	Acquisition Amount
Braintree	September 2013	$800 million

In summary, the acquisition of Braintree by PayPal marked a significant milestone in the company’s growth strategy. With Braintree’s mobile payments technology and extensive network of merchants, PayPal was able to strengthen its position as a leading player in the digital payments industry and expand its range of services to better serve its global customer base.

PayPal Acquisition: Xoom Corp.

Xoom Corp. is a prominent international payment processing company that enables users to send money and pay bills globally. As part of its expansion strategy, PayPal made a strategic acquisition of Xoom Corp. in November 2015, solidifying its presence in new markets and strengthening its remittances business. The acquisition was valued at approximately $890 million, highlighting the strategic importance of Xoom Corp. to PayPal’s long-term growth.

By acquiring Xoom Corp., PayPal gained access to its advanced technology and extensive network, allowing the company to offer enhanced cross-border payment solutions to its customers. Xoom Corp.’s platform facilitated seamless and cost-effective money transfers, enabling individuals and businesses to send funds securely and conveniently across borders. This acquisition aligned with PayPal’s goal of simplifying global payments and opening opportunities for financial inclusion.

Benefits of the Acquisition:

• Expanded Market Reach: Through Xoom Corp., PayPal expanded its presence in new markets, particularly in countries with high remittance volumes. This move allowed PayPal to tap into the growing demand for cross-border payment services.
• Strengthened Remittances Business: Xoom Corp.’s expertise in remittances complemented PayPal’s existing capabilities, bolstering the company’s position as a leading provider of international money transfer solutions.
• Enhanced Technology: The acquisition of Xoom Corp. provided PayPal with access to advanced technology and innovative payment solutions, enabling the company to deliver an improved user experience and increase customer satisfaction.

The integration of Xoom Corp. into PayPal’s portfolio of companies demonstrates the company’s commitment to expanding its business offerings and providing seamless financial services to customers worldwide.

Acquisition	Acquisition Date	Acquisition Value
Xoom Corp.	November 2015	$890 million

PayPal Acquisition: Hyperwallet Systems Inc.

In its effort to enhance its e-commerce platform offerings and streamline global payouts, PayPal acquired Hyperwallet Systems Inc. in November 2018. Hyperwallet Systems Inc. is a global payouts company that provides small organizations with a seamless way to distribute funds.

The acquisition of Hyperwallet Systems Inc. is part of PayPal’s strategy to expand its business holdings and strengthen its position as a dominant player in the digital payments industry. With this acquisition, PayPal aims to provide its customers with more efficient and convenient payment solutions, especially for global transactions.

By integrating Hyperwallet’s technology into its existing platform, PayPal is able to offer a comprehensive and reliable global payout solution. This allows businesses of all sizes to manage their payouts easily, saving time and resources. This acquisition further solidifies PayPal’s status as a leader in the industry, with a diverse portfolio of companies under its ownership.