M&A Deal Summary

PayPal Acquires Swift Financial

On August 10, 2017, PayPal acquired financial services company Swift Financial

Acquisition Highlights
  • This is PayPal’s 3rd transaction in the Financial Services sector.
  • This is PayPal’s 10th transaction in the United States.
  • This is PayPal’s 1st transaction in Delaware.

M&A Deal Summary
Date 2017-08-10
Target Swift Financial
Sector Financial Services
Buyer(s) PayPal
Deal Type Add-on Acquisition

Target

Swift Financial

Wilmington, Delaware, United States
Swift Financial Corp. (Swift Capital) is a provider of working capital solutions to small businesses. Swift Financial Corp. was established in 2006 and is based in Wilmington, Delaware.

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Buyer(S) 1

Buyer

PayPal

San Jose, California, United States
Category Company
Founded 1998
Sector Financial Services
Employees27,200
Revenue 29.8B USD (2023)
DESCRIPTION
Entrance to PayPal's corporate headquarters in San Jose, California.
Entrance to PayPal's corporate headquarters in San Jose, California.

PayPal enables any business or consumer with email to send and receive online payments securely, conveniently and cost-effectively. The Company's network builds on the existing financial infrastructure of bank accounts and credit cards to create a global payment system and delivers a product well suited for small businesses, online merchants, individuals and others underserved by traditional payment mechanisms. PayPal was founded in 1998 and is based in San Jose, California.

DEAL STATS #
Overall 13 of 21
Sector (Financial Services) 3 of 4
Type (Add-on Acquisition) 13 of 20
State (Delaware) 1 of 1
Country (United States) 10 of 14
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-14 TIO Networks

Vancouver, British Columbia, Canada

TIO Networks Corp. is a cloud-based multi-channel bill payment processing and receivables management provider, serving the largest telecom, wireless, cable, and utility bill issuers in North America. TIO integrates with the back office of billing systems to accept, validate, and collect payments via self-service kiosk, retail walk-in, mobile, and web solutions.

Buy CA$304M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 iZettle AB

Stockholm, Sweden

iZettle AB is a payment acceptance company provides mobile payment services. iZettle is based in Stockholm, Sweden.

Buy $2.2B
Mergr

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