• FOUNDING YEAR: 1998
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
PayPal enables users to send funds to anyone with an e-mail address, even if the recipient doesn't have a PayPal account. But in order to receive the funds, the recipient must have a PayPal account associated with that e-mail address. If a user has a PayPal account, they can add and withdraw funds and associate their account with bank accounts or credit cards for more direct transactions, including adding and withdrawing money. Other withdrawal options include using a PayPal debit card to make purchases or get cash from an ATM or requesting a check in the mail.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail customers and Businesses
EXISTING PARTNERSHIPS:
The company has partnerships with Magento, Shopify, Woo Commerce, ZOHO, WHMCS and Get me a shop.

PEOPLE

FOUNDERS:
Peter Thiel, Ken Howery, Luke Nosek, Max Levchin
NUMBER OF EMPLOYEES:
1000+
INVESTORS:
Credit Agricole, ING, Madison Dearborn Partners, Temasek, Hikari Tsushin, Qualcomm, Singtel, Sequoia Capital, Deutsche Bank, Goldman Sachs, Idealab, Capital Group, Clearstone Venture Partners, Plug and Play Tech Center, Amidzad Partners, BlueRun Ventures, March Capital Partners
KEY EMPLOYEES:
Somwang Luangphaibooonsri (Country Lead), Assaf Gelber (Software Engineer)

TRACTION

VALUATION / MARKET CAP:
$98.2 Billions in 2018
REVENUE:
$10M+ in 2018
REVENUE COMMENT:
Viewable by subscribers only

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$217 Millions
DATE OF LAST FUNDING:
Feb 2001
FUNDING SERIES:
SERIES B
$27 Millions Closed: Jan 2000
SERIES C
$100 Million Closed: Apr 2000
SERIES D
$90 Millions Closed: Feb 2001
LISTED:
YES

LATEST RESEARCH