PayPal bought out mobile payments startup Paydiant for $280 million in 2015, and it continues to operate as a PayPal unit under its own brand today. Paydiant provides a range of services for merchants and banks, including a white-label platform for companies to build their own mobile wallets.
4. Tio Networks (2017): $238 million
PayPal snapped up Canada-based bill payments services company Tio Networks last summer for $238 million. However, all has not gone well — PayPal suspended Tio Networks’ operations late last year following a data breach and broader concerns over security vulnerabilities in its platform.
PayPal has made 13 known acquisitions in its nearly 20-year history, and though we don’t have dollar values for each of them, we can be sure that iZettle represents its biggest acquisition by 2.5 times. That’s how much PayPal wants to infiltrate physical retail outlets in Europe.