FinTechFunding

PayPal: Acquires Happy Returns

  • Paypal (NASDAQ: PYPL) is to acquire Happy Returns, a Santa Monica, CA-based tech returns company
  • The amount of the deal was not disclosed
  • As part of PayPal, Happy Returns will continue offering its returns experience to retailers and shoppers
  • The technology and platform will help extend PayPal’s commerce platform beyond discovery and payments to the post-purchase experience
  • With PayPal’s support, the company will also focus on improving the platform and expanding its presence
  • Led by CEO David Sobie, Happy Returns provides a network that includes more than 2,600 drop-off locations, in over 1,200 unique metro areas in every state in the continental U.S.
Previous article
Rimuut: Partners with Nium
Next article
Bank of Ireland: Makes it easier for asylum seekers to open bank accounts
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...
FinTech

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...
FinTech

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...
FinTech

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...