News comes in today from all quarters that eBay will spin off PayPal, which it acquired in 2002, as its own public company, sometime late in 2015.
While the news raises some questions, and answers a few others, the move could breathe fresh life into Paypal which is competing with Apple, Stripe, Square, and others in the mobile payments space. Read More
Launch Angels announced that its Where Fund, made of former Where Inc. employees, has taken part in Washington, D.C.-based Talklocal, which connects customers searching for products and services online with local businesses in real-time via phone. Read MoreFinancial transferPayPal girds for possible spinoff from eBay
Henry Helgeson’s company, Merchant Warehouse, is doing well, announcing a new partnership with PayPal on Monday. A company that has been in the payments space for a while, 16 years to be exact, Merchant Warehouse is taking off now due to its early bet on new point-of-sales technology.
Since coming out of beta last summer, Boston startup Wanderu has been in rapid-transit mode.
Seven months ago the company raised $2.5 million and launched its Kayak-esque service for booking bus and train travel. Since then, the company has moved out of the PayPal StartTank and into its own office in Downtown Boston, grown from a staff of eight to 15, and seen an impressive increase in the usage of its service.
Wanderu crossed 1 million bus trips booked by users as of last week, said cofounder and chief executive Polina Raygorodskaya.
Read MoreNew roommates14 startups that just nabbed free space at PayPal's Start Tank
PayPal's Boston office is filling its Start Tank with a new set of early-stage ventures. Created in 2012, the Tank offers entrepreneurs free office space in downtown Boston, along with mentorship from PayPal employees and seminars. Companies are welcome to stay for six months to a year; this is the third crop of businesses that the Start Tank has housed.
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