PayPal

PayPal’s Early Valuation Tops $44 Billion

PayPal’s Early Valuation Tops $44 Billion
By Julie Muhn (@julieschicktanz) Posted on
Categories: PayPal

PayPalHomepage

Ahead of its pending split from parent company, eBay, PayPal began trading on Nasdaq this morning on a “when issued” basis under the symbol PYPLV. So far, trades have settled around $36.50 per share, with a high of $39.75 per share.

Here are the details from the Wall Street Journal:

PYPLV

According to the Financial Times, this means that PayPal accounts for 60% of eBay’s market capitalization, which currently is sitting around $75 billion.

eBay shares are available in two separate forms, without PayPal rights (EBAY) and with PayPal rights (EBAYV), in which eBay shareholders will be given a PayPal share for each of their eBay shares. At noon eastern time, full eBay shares were trading at $61.40, and ex-PayPal eBay were trading at $25.10.

PayPal will officially split from eBay on July 20.

PayPal’s Braintree showed off at FinDEVr 2014 in San Francisco (video below) and will appear on the FinDEVr stage on 6/7 October 2015.

http://finovate.wistia.com/medias/y5r0p6kn2b?embedType=iframe&videoFoam=true&videoWidth=640

The company’s last Finovate demo was at FinovateEurope 2012 in London.

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Finovate Alumni News

By David Penn Posted on
Categories: Azimo, Better ATM Services, BillGuard, Bitbond, blooom, Credit Karma, Credit Sesame, Currency Cloud, Dwolla, FamZoo, Global Debt Registry, Hedgeable, Hip Pocket, Lighter Capital, Loop, Monitise, PayPal, PsychSignal, Realty Mogul, Top Image Systems, Xero, Zopa

On Finovate.com

  • “PayPal’s Early Valuation Tops $44 Billion”
  • “Monitise to Emphasize API, On-Site Solutions in Strategy Shift”

Around the web

  • Xero to offer foreign invoice payments via new partnership with Midpoint Holdings.
  • Loop featured in profile of Samsung Pay.
  • PYMNTS.com takes a look at PayPal CEO Dan Schulman’s conversation with the Financial Times.
  • Gulf News Banking highlights Zopa in its review of the rise of P2P business lending.
  • Ferratum Group selects Mambu to Power SME Lending.
  • Top Image Systems to deploy an automated multichannel and mobile data-capture project for online financing company that provides funds to India-based SMBs.
  • Lighter Capital closes 100 deals.
  • CDApress recommends FamZoo to help kids understand personal finance skills.
  • Credit.com blog lists Global Debt Registry as a tool to help get rid of an old debt.
  • Better ATM Services CEO Todd Nuttall quoted in Australian Times column on how technology delivers a growing share of bank services.
  • The Bitcoin News interviews the new online marketing manager for Bitbond, Chris Grundy.
  • Wall Street Journal features PsychSignal in a review of stock market sentiment and social media.
  • Inc. feature on Silicon Prairie highlights Blooom, Hip Pocket, and Dwolla.
  • Rise in tech investment in the United Kingdom credited to companies like Azimo and Currency Cloud in London’s fintech sector.
  • Forbes column on investing for millennials features Hedgeable.
  • Realty Mogul adds two new vice presidents of commercial real estate.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bionym, Cardlytics, FutureAdvisor, Jack Henry, Kofax, Lighter Capital, Numbrs, Nutmeg, PayPal, planwise, ProfitStars, QuantConnect, Tradeshift, TransferWise, Trulioo, Yodlee

Around the web

  • Seeking Alpha explains why a merger between Yodlee and FutureAdvisor makes sense.
  • Xconomy features Vince Turner’s Planwise.
  • American Banker features how Seattle-based Lighter Capital loans money to tech startups.
  • Cardlytics Wins 2 Silver Stevie Awards at 2015 American Business Awards.
  • Tradeshift to partner with C2FO to expand dynamic discounting solutions to a broader network of suppliers and buyers.
  • Financial Conduct Authority mentions how Nutmeg explains its fees and charges graphically.
  • Jack Henry acquires Bayside Business Solutions.
  • Fox News features Trulioo, Bionym, TransferWise, Kofax, and Numbrs in its column on “10 CEOs who are disrupting finance with technology.”
  • ProfitStars introduces Call Report Pro CU, a solution for meeting regulatory reporting requirements.
  • Hedgeweek takes a look at how QuantConnect enables quantitative traders to operate at a low cost.
  • PayPal acquires money-transfer provider Xoom.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Backbase, BancVue, Credit Sesame, DriveWealth, Feedzai, FIS, Geezeo, Insuritas, Kasasa, Lendio, PayPal, SeedInvest, Silanis Technology, Tradier, Yodlee

On Finovate.com

  • Yodlee Brings “Sense” to Forward-Looking Bank Balances
  • BancVue’s Kasasa Spreads to 1,800+ Client Branch Locations Across 46 U.S. States.

Around the web

  • NerdWallet lists Lendio as 1 of 7 great small-business loan options for women-owned businesses.
  • Credit Sesame wins Gold Stevie Award in 2015’s American Business Awards.
  • PayPal and Uber extend their partnership to additional 9 countries, now in 19 total.
  • Backbase adds Geezeo’s PFM to its Open Banking Marketplace.
  • Partnership between Feedzai and Azul Systems yields first deployment with “leading payment technology provider.”
  • Insuritas wins NAFCU 2015 Services Innovation Award.
  • DriveWealth helps trading software technology company, KnowVera, develop video course on pattern recognition.
  • e-SignLive by Silanis to develop joint, cloud-based solution for digital transactions in new partnership with Australia’s Nuvola.
  • Jim Cramer of CNBC’s Mad Money interviews SeedInvest CEO Ryan Feit.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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The FinDEVr APIntelligence

The FinDEVr APIntelligence
By Julie Muhn (@julieschicktanz) Posted on
Categories: Backbase, BehavioSec, Braintree, FinDEVr APIntelligence, Kabbage, MasterCard, On Deck Capital, PayNearMe, PayPal, Personal Capital, Plaid, SimplyTapp, Slice, SnoopWall, Spreedly, Trulioo, VISA, Xero

Are you building new financial technology? Be sure to register now for the only event exclusively for fintech developers, FinDEVr 2015, Oct 6-7 in San Francisco.

FinDEVr2015-SF-Logo-Stackedwdate

The latest from FinDEVr 2015 presenters

  • Pinterest turns to Braintree to power PayPal payment option for browsing consumers.
  • FinDEVr 2015: First Round of Presenting Companies Revealed.
  • Backbase set to launch its first hackathon, 19/20 June 2015.
  • Spreedly now supports third-party tokens to help merchants continue to process transactions using their existing gateway-specific tokens from within Spreedly.
  • Thinking Capital announces new name, visual identity and tagline.
  • SandHill mentions SnoopWall as 1 of 5 Cool, Pre-VC, Cybersecurity Startups.
  • Avalara acquires Belgium-based VAT Applications.
  • UPS Capital Partners integrates with Kabbage to offer more SMBs access to a loan through UPS.

Alumni updates

  • Xero developed business apps that Apple is using to help market the iPad’s use in business.
  • Tech.co looks at how Trulioo’s API defends startups against credit-card fraud.
  • Xero reaches 500,000 customers for its cloud accounting service, sets sights on 1 million customer milestone.
  • Verizon Ventures welcomes SimplyTapp to its portfolio of investments.
  • Dunkin’ Donuts, Fandango, Sundance Catalog and Williams-Sonoma have all integrated Visa Checkout into their apps.
  • NerdWallet turns to Trulioo CEO Stepehn Ufford who offers 5 steps to protect against cyberthreats.

Stay up to date on daily developments by following FinDEVr on Twitter.

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PayPal’s Braintree Tapped to Turn Pinterest Browsers into Consumers

PayPal’s Braintree Tapped to Turn Pinterest Browsers into Consumers
By Julie Muhn (@julieschicktanz) Posted on
Categories: Braintree, PayPal

BraintreeHomepage

There’s been plenty of buzz lately about Pinterest’s new Buyable Pins, which aim to turn users from window shoppers into paying customers. If you haven’t heard, customers browsing Pinterest will soon be able to purchase items without leaving the mobile app by selecting a “buy it” button placed next to the iconic, red “pin it” button. This is an important step for Pinterest, as its evolution into an e-commerce platform helps justify the company’s $11 billion valuation.

Pinterest tapped PayPalBuyablePin-owned Braintree to be a part of the launch later this month. Many sources reported that Braintree’s role will be to simply “make sure Pinterest never touches credit card information.” Braintree’s role, however, will go deeper than that.

Braintree, which prides itself on making payments so easy that they fade into the background, will indeed handle the transmission and storage of credit card information to help Pinterest remain PCI compliant. However, the payments company will also take on a secondary role to enable Pinterest to accept PayPal as a payment option. Pinterest has also tapped Stripe and Apple Pay as payment options.

Buyable Pins will launch on mobile iOS devices later this month and will soon be available on desktop and Android platforms (though no word on when).

Braintree presented its developer platform, alongside parent company PayPal, at FinDEVr in San Francisco 2014.

If you’re interested in sending your developers to check out the latest APIs in the tech scene, you’re in luck. At FinDEVr San Francisco 2015 (register), we’ll be showcasing the latest tools, platforms and case studies to hundreds of fintech developers, VPs of engineering, and CTOs. We’re returning to the UCSF Mission Bay Conference Center in San Francisco on 6/7 October 2015. Check out the FAQ for more details or contact [email protected].

FinDEVr2015-SF-Logo-Stacked(large)

 

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Betterment, Braintree, EyeVerify, Flint Mobile, FutureAdvisor, Hedgeable, Lending Club, LendingRobot, LendUp, Market Prophit, Motif Investing, PayPal, Plaid, planwise, Prosper, Qapital, Top Image Systems, TradeHero, TransferWise, TrueAccord, Trulioo, TSYS, Venmo, Wealthfront, WePay, Xero

On Finovate.com

  • “PayPal’s Braintree Tapped to Turn Pinterest Browsers into Consumers”
  • “EyeVerify’s Partnership with Turkish Reseller Yields Vodafone Contract”
  • “U.K.-based TransferWise: Growth and Metrics Updates“

Around the web

  • TradeHero updates mobile iOS app.
  • WSJ features how Venmo helps users instantly move money more cheaply.
  • Apple lists Xero among group of business apps Apple is using to market the iPad for use in business.
  • Indianapolis Business Journal looks at the rise of robo-advisors Betterment, Wealthfront, Hedgeable, and Motif Investing.
  • TSYS launches its Chip Card on Demand to help issuers make the transition through the October chip-liability shift.
  • Top Image Systems unveils its new mobile account opening and onboarding app, MobiENROLL.
  • Benzinga interviews Igor Gonta, CEO of Market Prophit, on the launch of his Twitter-based, social media, smart beta index.
  • Fox Business features Planwise, LendUp, Trulioo, Plaid, Wealthfront, TrueAccord, WePay, Flint, Lending Club, Prosper, LendingRobot, and FutureAdvisor in its roundup of “30 Hot Fintech Startups to Watch.”
  • New York Business Journal reviews its gamification strategy of PFM solution, Qapital.
  • Financial Times profiles LendUp and the “grubby end of U.S. debt.”

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Betterment, Blackhawk Network, blooom, CashStar, D3 Banking, eMoney Advisor, Expensify, FIS, FutureAdvisor, Jemstep, MaxMyInterest, mBank, Nomis Solutions, PayNearMe, PayPal, SimplyTapp, Sonavation, Temenos, Vanguard, Vantiv, Venmo, Wealthfront, Xero

Around the web

  • Glenbrook Partners’ whitepaper features PayNearMe.
  • mBank reports that six months after launching Light Branches, basic banking product sales have tripled in Light Branches compared to traditional branches.
  • PYMNTS features comments from Blackhawk Network, CashStar, FIS, SimplyTapp, and Vantiv on social commerce.
  • MasterCard partners with Premier Bank in expansion into Somalia.
  • Nomis Solutions launches upgrade of its price-optimization suite.
  • D3 Banking announces that its solution is now available in a hosted environment.
  • Blooom CEO and co-founder Chris Costello talks about his company’s relationship with Yodlee.
  • ThinkAdvisor features eMoney Advisor, Vanguard, Wealthfront, Betterment, FutureAdvisor, and Jemstep in a column on the changing environment for financial advisors.
  • Sonavation CTO Rainer Schmitt wins award from the IEEE Technical Committee on Communications Quality & Reliability.
  • TechCrunch features PayPal’s Venmo office.
  • Verizon Ventures welcomes SimplyTapp to its portfolio.
  • On the Money Radio’s Steve Pomeranz interviews MaxMyInterest CEO and founder Gary Zimmerman.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News

By David Penn Posted on
Categories: Avoka, Gold Bullion International, Guide Financial, Jack Henry, Kantox, Lending Club, Misys, PayPal, Ripple, Silanis Technology, Taulia, True Potential

On Finovate.com

  • Kantox Picks Up $11 Million in Series B, Doubling Total Capital
  • Guide Financial Acquired by John Hancock Financial

Around the Web

  • Misys unveils its in-memory analytics engine, FusionBanking Insight.
  • True Potential launches its Apple Watch app.
  • Commonwealth Bank of Australia begins testing Ripple as intra-bank transfer solution.
  • Michigan-based Isabella Bank to deploy workflow suite from Jack Henry & Associates.
  • Lending Club CEO talks about the brand-building benefits of going public.
  • Jet Propulsion Laboratory partners with eSignLive from Silanis Technology for end-to-end digital e-contracting.
  • Bankless Times features Avoka and its friction-minimizing, customer-onboarding technology.
  • PayPal to provide Touch ID support for its iOS app.
  • Gold Bullion International announces expansion into Asia.
  • eBay partners with Taulia to launch Preferred Supplier Program.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Advanced Merchant Payments, Dwolla, edo Interactive, FreeAgent, HelloWallet, Insuritas, Intuit, Kabbage, NICE Systems, PayPal, Receivables Exchange, SumUp, TD Ameritrade, Tradier, TransferWise

On Finovate.com

  • FreeAgent to Crowdfund $1.6 Million Funding Round
  • edo Interactive Completes $20 Million Series E Round; Names Badran CEO, President

Around the web

  • Halliburton Federal CU to use Insuritas to launch insurance agency.
  • Receivables Exchange appoints James W. Toffey as new CEO.
  • PayPal, Xero, Intuit, HelloWallet, & TD Ameritrade win 2015 Webby Awards.
  • TransferWise launches updated Android app with one-tap payments for more than 360 currency routes.
  • SumUp releases SumUp terminal payment SDKs for iOS and Android.
  • AMP Credit Technologies appoints chief technology officer.
  • Dwolla launches ability to schedule recurring payments for a specific day, recurring schedules, and cancellation criteria.
  • NICE Systems sells its cyber and intelligence division to Elbit Systems for $158 million.
  • Photos from FinovateSpring 2015 last week are now available on the Finovate Flickr feed.
  • OptionNET Taps Tradier for Rollout of Trading Directly from Their Platform.
  • Kabbage partners with Sage Payment Solutions to create small business loan offering.
  • PayPal’s OneTouch checkout service now supports all merchants using BigCommerce, even when consumers don’t have the PayPal app installed.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arxan Technologies, Azimo, Coinbase, Digital Insight, Fiserv, Intuit, Lendio, LifePay, Lighter Capital, Malauzai Software, Misys, PayNearMe, PayPal, Sekur.me, WePay

On Finovate.com

  • Bitcoin-based P2P Lending Platform Bitbond Raises $670,000
  • WePay Closes $40 Million Series D Round Led by FTV Capital
  • Misys Launches FusionBanking Essence Islamic

Around the web

  • SEKUR Me debuts Apple Pay for online purchases featuring universal buy-button and one-click mobile payments.
  • Intuit launches Sync with PayPal to help SMBs simplify tasks with QuickBooks online data-integrations.
  • LifePay announces plans to expand into Southeast Asia in wake of ipoxPro acquisition.
  • The Guardian highlights Azimo as a “well-established” alternative to banks regarding money-transfer overseas.
  • NYSE’s new Bitcoin Index is powered by Coinbase.
  • Anheuser-Busch Employees Credit Union to deploy online- and mobile-banking solutions from Digital Insight.
  • Merck Sharp & Dohme Federal Credit Union adds processing and additional solutions from Fiserv.
  • Community Banks and Credit Unions go live with Touch ID in mobile banking through Malauzai Software.
  • Arxan appoints Sam Rehman as chief technology officer.
  • Nerdwallet features Seattle-based Lighter Capital.
  • Bankless Times talks with Brock Blake, Lendio CEO, about the company’s success.
  • PayNearMe to offer its cash payment service to Telinta’s service-provider customers.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Avoka, Bill.com, BillGuard, Cloud Lending, Coinbase, Credit Karma, Credit Sesame, D3 Banking, INETCO Systems, Intuit, Jumio, Kabbage, Kony Solutions, Kreditech, MasterCard, On Deck Capital, PayItSimple, PayPal, planwise, Prosper, Ripple, TransferWise, Trulioo, ValidSoft, Venmo, WePay, Zopa

On Finovate.com

  • PayItSimple Pulls in $10 Million Line of Credit
  • Ripple Labs Reels in $28 Million, Eyes Asia Expansion
  • P2P Lending Meets High Street Banking as Metro Bank Partners to Lend via Zopa
  • Credit Sesame Raises $16 Million in New Funding
  • Planwise Raises $750,000, Nearly Doubling Total Capital

Around the web

  • Fox Small Business News names 11 Finovate alums in list of Hot Fintech Startups to watch.
  • Edenred México S.A. incorporates INETCO’s Insight software platform.
  • D3 Banking taps Jeffrey Walker as chief information security officer.
  • MasterCard launches P2P payments service, MasterCard Send, to help businesses reimburse rebate consumers without checks.
  • nTrust to deploy ID verification technology from Trulioo.
  • North American Savings Bank (NASB) partners with ACI Worldwide for online, mobile banking and billpay.
  • Avoka, Bill.com, BillGuard, CoinBase, Credit Karma, Jumio, Kabbage, Kreditech, OnDeck, Prosper, TransferWise, Trulioo, Venmo and WePay earn spots on Inc.com’s “20 Financial Technology Startups You Need to Know.”
  • ImageWare selects ValidSoft’s voice biometrics solution.
  • Kony teams with Citrix, to offer customers a mobile app solution from mobile design and development to enterprise mobility operations.
  • Altifi.com features Cloud Lending Solutions’ Cloud Lending Exchange.
  • ZD net: Intuit tightens PayPal integration with data synchronization app.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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