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Daily Review: PayPal Explores Crowdfunding, Launches Money Pools

With its latest move, PayPal explores another line of business – crowdfunding – with a competitive edge for its current customers. While renowned platforms collect fees from campaigns, PayPal offers the service for free (for now and for its account holders only), locking its account holders inside the PayPal ecosystem while locking the competition out. PayPal is not the first large FinTech to get its hands into the two hottest segments – payments and lending (think Square Capital). After all, why bother with a cacophony of financial products when two types of offers are steadily the most represented and most funded?

PayPal launches Money Pools, where groups chip in to raise money to buy things

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