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PayPal completed acquisition of Hyperwallet

Nov 19, 2018

Hyperwallet’s global payout platform provides fast and transparent way to distribute funds to payees

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PayPal completed acquisition of Hyperwallet. Source: shutterstock.com

PayPal Holdings, Inc has completed its acquisition of Hyperwallet for approximately $400 million USD. This transaction will strengthen PayPal’s payout capabilities and enhance its ability to provide an integrated suite of payment solutions to e-commerce platforms and marketplaces around the world.

We look forward to working with Brent and the Hyperwallet team to strengthen our platform with advanced payout capabilities as we build on our aspiration to serve the digital economy with a full operating system for commerce
Bill Ready, chief operating officer, PayPal

With the close of the deal, Brent Warrington, CEO of Hyperwallet, now joins PayPal and will continue to lead Hyperwallet, reporting to Juan Benitez, VP and general manager of Braintree.

SEE ALSO:?PayPal made a strategic investment in cybersecurity startup

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