PayPal Holdings, Inc. announced its Board of Directors intends to appoint Carmine Di Sibio, outgoing Global Chairman and CEO of EY, to the Board as an independent director, effective July 1, 2024. “We are very pleased about the planned addition of Carmine to our Board given his demonstrated record of championing innovation, extensive experience advising regulated financial…
PayPal Holdings, Inc. announced the appointment of Jamie Miller as Executive Vice President and Chief Financial Officer (CFO) of PayPal, effective Nov. 6, 2023. She will be responsible for PayPal’s financial strategies and will lead the global finance organization, including planning, treasury, tax, reporting, and investor relations. Miller will succeed Gabrielle Rabinovitch, who is currently acting CFO. “Jamie is…
PayPal Holdings, Inc. and KKR, a global investment firm, announced the signing of an exclusive multi-year agreement for a €3 billion replenishing loan commitment under which private credit funds and accounts managed by KKR will purchase up to €40 billion of buy now, pay later (BNPL) loan receivables originated by PayPal in France, Germany, Italy, Spain, and the United Kingdom.…
Financial services company PayPal has announced the appointment of John Kim as Executive Vice President (EVP), Chief Product Officer (CPO), effective September 26, 2022. Kim succeeds current CPO, Mark Britto, who will remain with PayPal for a transition period, before retiring at the end of this year. Kim brings unique skills and experience building foundational consumer products and…
PayPal Holdings, Inc. announced that it has agreed to acquire Paidy, a two-sided payments platform and provider of buy now, pay later solutions in Japan, for ¥300 billion or approximately US$2.7 billion, principally in cash. The acquisition will expand PayPal’s capabilities, distribution and relevance in the domestic payments market in Japan, the third largest ecommerce market in the world,…
PayPal Holdings, Inc. announced that it has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a leading provider of cloud-based infrastructure for digital asset security based in Tel Aviv, Israel. Financial terms of the deal were not disclosed. In October 2020, PayPal announced its commitment to…
PayPal said that it will hire 1,000 engineers for its India Development Centers across Bangalore, Chennai and Hyderabad over the course of the year, ET Bureau reports. The company will hire across software, product development, data science, risk analytics and business analytics streams at entry, mid-level and senior roles. PayPal India also announced its plans…
Bengaluru-based payments and banking technology company, Cashfree, has announced its partnership with PayPal, a global leader in digital payments, to enable international payments for merchants. Businesses using Cashfree’s payment gateway will be able to add the PayPal Express Checkout option to their order pages and accept payments from users across 200 markets in a secure…
In his role, Ravi Sandepudi will drive efforts to build SME-centric suite of offerings at ClearTax while also holding the baton for its fintech initiativesClearTax – tax and fintech solutions provider – has on-boarded Ex-Google and Paypal veteran Ravi Sandepudi as its Entrepreneur-in-Residence. In his role, Ravi Sandepudi will drive efforts to build a SME-centric…
Sezzle, an installment-based payments platform, announced the appointment of Reid Bork to its leadership team. Bork, a former PayPal Executive, was named Vice President of Enterprise Sales at Sezzle, a newly created role in which he will be responsible for leading the company’s large-scale retail acquisition efforts. Prior to this role, Bork served as Senior…
GoJek, a Southeast Asia’s on-demand multi-service platform and digital payment technology group, announced that it has raised investments from Facebook and PayPal. Facebook and PayPal join other high-profile technology firms that have backed the ride-hailing startup that also offers food delivery and mobile payments. According to TechCrunch, GoJek said that Facebook and PayPal were participating…
HMD Global, the home of Nokia phones, today announced the appointment of Stephen Taylor as Chief Marketing Officer. Stephen brings with him almost 30 years’ experience in sales and marketing across some of the world’s best-known brands including PayPal and Samsung. At HMD Global, Stephen will be responsible for the overall marketing strategy and execution…
PayPal Holdings, Inc., announced that the company is now providing access to small business loans through the U.S. Small Business Administration (SBA) Paycheck Protection Program. This follows approval from the SBA for PayPal to participate in the program as one of the first non-bank institutions. “Small businesses have been hit especially hard by the coronavirus…
ClearTax, an income tax return e-filing platform and investment platform announced on Tuesday that the company has raised $50 million ( about Rs. 300 crores) in a Series B round led by Composite Capital. The last time ClearTax raised funds was in June 2016, it raised $12 million from SAIF Partners along with $2 million in seed funding from…
Rakesh “Rocky” Agrawal, had not even completed 2 months in his job at PayPal as the company’s global strategy head. He has separated from his employer overnight – the separation from PayPal made easy, courtesy some of his insulting tweets directed at his PayPal colleagues. He was attending Jazz Fest in New Orleans when he…