Paying the Planet with PayPal
Today, I’m excited to announce that our company has signed an agreement to join the PayPal family (we expect the transaction will close in the fourth quarter of 2018). Combining forces with PayPal will not just enhance our payout solutions but enable us to provide an integrated suite of payment capabilities to ecommerce platforms and marketplaces almost anywhere in the world. Today, we are one step closer to achieving our vision of paying the planet.
For more than 15 years, Hyperwallet has aspired to pay the planet by providing growing organizations with a frictionless, transparent, flexible, and reliable way to manage payments and enhance their payee’s experience anywhere in the world. Never has this mission – and our payout platform – been more relevant than now. Thanks to the rise of digital ecommerce, the way the world discovers and consumes new services and products has changed. This democratization of access has further helped untether the modern worker, resulting in an unprecedented increase in the independent workforce. Combining our advanced payout capabilities with PayPal’s scale will enable the development of comprehensive payment solutions designed to meet the unique needs of modern commerce.
As part of PayPal, I truly believe our company will have the opportunity to reimagine payments on a grander scale. Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. As a leader in digital commerce, PayPal’s beliefs are perfectly aligned with ours here at Hyperwallet. Together, we will work to provide simple, affordable, secure, flexible, and reliable financial services and digital payments that enable the hopes, dreams and ambitions of millions of people around the world.
As our company manifesto says, we are a passionate team of builders, collaborators, and creators. Obsessively innovative, we put the ‘tech’ in fintech. And now, thanks to PayPal, we’ll be able to further share our expertise with some of the world’s largest digital marketplaces.
We look forward to working with the PayPal team, and remain committed to our vision of paying the planet.