According to PayPal chief David Marcus, “Palo Alto-based Iron Pearl has developed “groundbreaking tools, methodologies and intellectual property, built on a new understanding of the social and cultural factors that drive the viral spread of products, combined with new approaches to data analysis and predictive modeling”.
The Iron Pearl founders Stan Chudnovsky and James Currier will continue to be involved with the company as the eBay unit looks to tap into its technology and expertise in order to accelerate its growth. Financial terms of the deal were not disclosed.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.