Tags archives: paypal

PayPal Holdings, Inc. continues its shopping spree with the second start-up purchase in the same week. Today it announced that it is acquiring Simility, a leading artificial intelligence (AI) based online fraud prevention solution to the global digital business. According to the agreed deal, PayPal has purchased Simility for $120 million in cash. The merger will get close by the third quarter of this year. Following this, Simility Co-founder and CEO Rahul Pangam and the Simility team will report to VP of Enterprise Services Platforms...
After its fourth quarter 2015 earnings release yesterday, PayPal has announced that it has more than 179 million “active” users. This release marks company’s second quarterly earnings since its separation from eBay. Since it officially split from eBay Inc. last year, company’s shares have dropped by 14%, as investors doubted company’s independent growth without the support of the eBay. Now independent, the company is zealously attempting to prove itself in the crowded market of mobile payment. Various competitors to the company in...