PayPal set to acquire Honey platform for $4bn

November 21, 2019 | FinTech
Written by FinTech Alliance

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PayPal
PayPal set to acquire Honey platform for $4bn

PayPal has announced today it will acquire Honey Science Corporation.

In Brief:

  • The corporation provides the Honey Platform, an app and browser addon which automatically adds vouchers to ecommerce sites.

  • The platform currently has 17mn monthly users.

  • The deal will expand its reach to PayPal’s 300mn users.

What does this mean?

The platform offers a money saving tool allowing users to get alerts, make lists and browse offers. Now, PayPal’s network of 24mn merchants will be able to offer targeted promotion to consumers.

Read more here.

 

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