Search Results for "PayPal"
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Rainforest Launches Embedded PayPal Integration for Vertical SaaS Platforms
Rainforest launched an embedded PayPal integration enabling vertical SaaS platforms to offer PayPal, Venmo, and PayPal Pay Later at checkout. The partnership streamlines payment acceptance for software platforms serving specific industries. It adds consumer-preferred payment methods to Rainforest's embedded payments suite.
Stripe Reportedly Explores Acquisition of PayPal or Key Assets
Bloomberg reported that Stripe, valued at $159 billion, is considering acquiring PayPal or select assets including its consumer wallet and Venmo. The potential deal would be the largest fintech M&A transaction ever. PayPal denied sale talks and Stripe declined to comment, with subsequent reports from Semafor indicating Stripe is not actively pursuing a takeover.
PayPal Applies for Utah Industrial Loan Company Bank Charter
PayPal applied for a Utah-chartered Industrial Loan Company (ILC) bank to fund small business lending and offer interest-bearing savings accounts. The move would reduce PayPal's reliance on third-party banks like Synchrony and allow it to join card networks directly. This signals a major shift from payments processor to vertically integrated lender-bank.
Core10 and PayNearMe Partner to Modernize Loan Repayments via Middleware
Core10 and PayNearMe announced a banking-as-a-platform middleware partnership enabling financial institutions to integrate modern payment options like PayPal, Venmo, and cash at retail locations into their core banking systems. The integration uses Core10's Mesh middleware platform. This deal accelerates deployment timelines to weeks and streamlines reconciliation for banks and credit unions.
Formance Raises $21M Series A to Build Modular Fintech Infrastructure
French fintech Formance raised $21 million in Series A funding co-led by PayPal Ventures and Portage to build modular banking infrastructure. The platform offers APIs for financial connectivity, payments orchestration, and ledgers, positioning itself as the 'AWS of fintech.' U.S. customers already account for 40% of revenue.
PayPal and Adyen Partner to Offer Fastlane Guest Checkout in the U.S.
PayPal expanded its partnership with Adyen to enable Adyen's U.S. enterprise and marketplace customers to offer PayPal's Fastlane guest checkout tool. The deal builds on prior integrations including PayPal, Venmo, and BNPL options via Adyen. The announcement drove PayPal's stock to a 52-week high of $71.89.
Prometeo Raises $13M Series A to Expand Open Banking Across Latin America
Prometeo, a fintech infrastructure provider offering a unified API for multi-banking data aggregation and payments across 283 financial institutions in 10 Latin American countries, raised $13 million in Series A funding. The round was led by Antler Elevate with participation from PayPal Ventures, Samsung Next, DN Capital, and others. The capital will fund regional expansion of its open banking offerings.
PayPal Launches Tap to Pay on Android for U.S. Merchants
PayPal launched Tap to Pay on Android for U.S. merchants through its Venmo and Zettle apps, enabling contactless payment acceptance without additional hardware. This embedded finance capability allows merchants to turn Android phones into payment terminals. The launch followed PayPal's earlier iOS support and trailed competitors Stripe and Square.
PayPal Partners with Bold Commerce for Headless Checkout Integration
PayPal collaborated with Bold Commerce to enable headless commerce checkouts for PayPal's 430 million users. The integration supports PayPal, Venmo, Pay Later, and card payments. This partnership extends PayPal's embedded finance reach into composable commerce architectures.
Mastercard Launches Send Partner Program with Leading Fintechs
Mastercard launched its Send Partner Program, onboarding technology players including Fenige, Adyen, Checkout.com, PayPal, and Stripe to drive innovation in real-time digital payments. The program enables banks and fintechs to embed Mastercard Send capabilities via white-label or integrated solutions. This broadens embedded payment rails across B2C and C2C use cases.
Brex Expands Instant Payouts to PayPal, Square, and Stripe Merchants
Brex expanded its instant payouts service to merchants using PayPal, Square, and Stripe, enabling immediate access to earnings for a fee. Previously the feature was limited to Amazon and Shopify users. The expansion aims to improve cash flow for Brex customers who also benefit from free wires, ACH transfers, expense management, and rewards.
PayPal Ventures Invests £9M in Payments-as-a-Service Platform Modulr
Modulr, a UK-based Payments as a Service API platform, received a £9 million investment from PayPal Ventures. The funding will support product development, team expansion, and customer growth across lending, banking, fintech, travel, and accounting sectors. Modulr's total funding reached £63.3 million.
PayPal Ventures Invests in Brazilian Digital Bank Neon
PayPal Ventures made a strategic investment in Neon, a Brazilian digital banking fintech. The investment strengthens PayPal's presence in the fast-growing Latin American fintech market. Neon offers digital accounts and financial services to underbanked consumers in Brazil, aligning with embedded finance trends in the region.
Embedded Finance Projected as $7 Trillion Opportunity for Payment Companies
Industry analysis identified embedded finance as a $7 trillion market opportunity over ten years, with Stripe (valued at $36B) and Square ($57B) positioned as leaders. Payment facilitation companies were enabling platforms and online businesses to seamlessly integrate financial services, representing a paradigm shift in financial services distribution.
PayPal, Square, and Intuit Approved as Direct PPP Lenders
PayPal, Square, and Intuit were approved by the SBA as direct lenders under the Paycheck Protection Program (PPP) for coronavirus relief. This marked a significant moment in fintech-bank convergence, allowing non-bank fintechs to originate federally guaranteed loans. The approval expanded embedded lending capabilities for these platforms' small business customers.
Elavon Acquires UK Payment Gateway Sage Pay for $300 Million
US Bancorp subsidiary Elavon agreed to acquire Sage Pay, a UK and Ireland payment gateway, from Sage Group for $300 million (£232 million). The deal positioned Sage Group to refocus on SaaS while partnering for payments and banking services. Sage Pay competed with Stripe, PayPal, and Adyen in the payment gateway space.
Facebook Pay Launches with Stripe and PayPal as Payment Partners
Facebook launched Facebook Pay, a unified payment experience across Facebook, Messenger, Instagram, and WhatsApp, processing payments via partnerships with Stripe and PayPal. The launch came shortly after both Stripe and PayPal withdrew from the Libra cryptocurrency project. The move embedded payments directly into Facebook's social platforms.
PayPal Expands Instant Transfer to Bank Accounts via JPMorgan Partnership
PayPal expanded its Instant Transfer feature enabling users to move PayPal balances to U.S. bank accounts or debit cards within 30 minutes, leveraging JPMorgan Chase and The Clearing House's Real Time Payments network. The service charges a 1% fee capped at $10. This embedded finance initiative aimed to provide faster liquidity for consumers and merchants competing with Square and Stripe payout offerings.
Fiserv Acquires First Data in $22 Billion Fintech Megadeal
Fiserv announced the acquisition of First Data for $22 billion, creating one of the largest fintech consolidations in payments and financial services. The deal integrates First Data's e-commerce payments capabilities with Fiserv's banking solutions for merchants and financial institutions. The combined entity aims to compete against embedded finance disruptors like PayPal, Stripe, and Square.
Stripe Launches Terminal for In-Person Payments via API
Stripe launched Stripe Terminal in the US, enabling online businesses to accept in-person payments through API integration. The product positioned Stripe in direct competition with Square and PayPal in the physical payments space. This represented a significant expansion of Stripe's embedded payments infrastructure beyond e-commerce.