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

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...
FinTech

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...
FinTech

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...
FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...