• PayPal to buy Simility, a specialist in AI-based fraud and risk management, for $120M

    4 monthes ago - By Tech Crunch

    Payment provider PayPal continues apace with its acquisitions streak to bring more modern tools into its platform to serve its 237 million customers. Today the company announced that it is buying Simility , a fraud prevention specialist, for $120 million in cash.
    PayPal had been an investor in Simility (it owns three percent of the company, it says), along with Accel, Trinity Ventures and others. The startup had raised just under $25 million and was last valued at $52.75 million, according to figures from PitchBook , making this a decent return for its backers. The deal is expected to...
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  • PayPal to acquire machine learning-powered fraud detection startup Simility for $120 million

    PayPal to acquire machine learning-powered fraud detection startup Simility for $120 million

    4 monthes ago - By Venture Beat

    PayPal has acquired its second startup in as many days, as the payments giant announced today that it was snapping up machine learning-powered fraud detection startup Simility. The transaction is valued at $120 million, in what will be an all-cash deal. The news comes two days after PayPal bought out payments startup Hyperwallet in a $400 million d...
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  • PayPal to acquire fraud prevention company Simility for $120 million

    4 monthes ago - By Reuters

    PayPal Holdings Inc has agreed to acquire fraud prevention technology company Simility for $120 million in cash, it said on Thursday.
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