PayPal

paymentspayment gateways

STATUS: Acquired/Merged
FOUNDING YEAR: 1998
LOCATION: United States
Last Update: 01/05/2020

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About

PayPal is a payments provider that uses encryption softwares that enables people to make financial transfers between computers.The online payment service allows individuals and businesses to transfer funds electronically and complete payments.

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

The company earns by charging transaction fee after the payment is recieved. For local payments it charges 2.5% + Fixed fee. For international payment it depends on the monthly sales.

MAIN CLIENTS

Retail customers and Businesses

EXISTING PARTNERSHIPS

The company has partnerships with Magento

Shopify

Woo Commerce

ZOHO

WHMCS and Get me a shop.

Traction

VALUATION / MARKET CAP:

$98.2 B in 2018

REVENUE

$10M+ in 2018

REVENUE COMMENT:

Paypal had a revenue of $15.45Billion in 2018.

People

FOUNDERS

Peter Thiel

Ken Howery

Luke Nosek

Max Levchin

NUMBER OF EMPLOYEES

1000+

INVESTORS:

Amidzad Partners

BlueRun Ventures

Capital Group

Clearstone Venture Partners

Credit Agricole

Deutsche Bank

Goldman Sachs

Hikari Tsushin

Idealab

ING

Madison Dearborn Partners

March Capital Partners

Plug and Play Tech Center

Qualcomm

Sequoia Capital

Singtel

Temasek

KEY EMPLOYEES:

Somwang Luangphaibooonsri (Country Lead)

Assaf Gelber (Software Engineer)

Momentum

FUNDED

NO

TOTAL FUNDING

$217 M

DATE OF LAST FUNDING

Feb 2001

FUNDING SERIES

SERIES B  · $27 M  · Jan 2000

SERIES C  · $100 M  · Apr 2000

SERIES D  · $90 M  · Feb 2001

LISTED

YES

Innovation Programs

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

1998

LOCATION:

United States

Views:

717 VISITORS | 2774 VIEWS
LATEST FUNDING ROUND

$217 M

TOTAL EMPLOYEES
1000+

About

PayPal is a payments provider that uses encryption softwares that enables people to make financial transfers between computers.The online payment service allows individuals and businesses to transfer funds electronically and complete payments.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Innovation Programs

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