PYPL

[dealmaker]

PayPal, Square grow small business lending with data as edge over banks

In its third-quarter earnings call, PayPal CEO Dan Schulman says the company now ranks itself among the top five small business lenders in the country, while Square says its loan portfolio grew more than 30 percent year over year. (CNBC finance)

 

[nooby_mcnoob]

Are these guys back stopped by a FED like entity? How are these loans being funded? Not many people I know have a PayPal account balance.

 

[dealmaker]

PayPal adds instant transfer feature for bank accounts

No one likes waiting to get their money, especially when you’re stuck waiting for PayPal to process it. Fortunately, PayPal is addressing that today with a new option that will let users instantly transfer funds to their bank account (for a small fee, of course). (The Verge)

 

[dealmaker]

PayPal makes a big marketplace play with $500M investment in Uber

The payments giant PayPal is making a half-billion-dollar investment in the transportation company, paying $47 per share. Uber’s S-1 and a statement on LinkedIn from PayPal's CEO said the deal would help the two work on “future commercial payment collaborations, including the development of Uber’s digital wallet." (TechCrunch)

 

[dealmaker]

PayPal block

PayPal has blocked a Christian crowdfunding site that raised funds for people who attended last week's Capitol riot. The payments firm blocked GiveSendGo as well as an account held by riot organizer Ali Alexander. Reuters

 

[dealmaker]

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https://twitter.com/x/status/1353142915053314049

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