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PayPal completes Hyperwallet acquisition

PayPal announced on Thursday (15 November) that its acquisition of Hyperwallet for c. $400mn has been completed. The transaction is expected to strengthen PayPal’s payout capabilities and enhance its ability to provide “an integrated suite of payment solutions to ecommerce platforms and marketplaces” globally. With the close of the deal, Hyperwallet CEO Brent Warrington joins PayPal and will continue to lead Hyperwallet, reporting to Juan Benitez, VP and general manager of PayPal’s Braintree division.

PayPal entered into the deal to acquire the payout platform in June this year. The addition of Hyperwallet means that both PayPal and Braintree merchants will have access to a comprehensive payments solution, including Hyperwallet’s localised, multi-currency payment distribution capabilities in over 200 markets, according to MarketWatch.



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WEBINAR | The Navigator – Anchor’s Strategy and Asset Allocation, 2Q24

Anchor CEO and Co-CIO Peter Armitage will host the webinar, provide an introduction to current global and local market conditions and give his thoughts on offshore equities. Together with Head of Fixed Income and Co-CIO Nolan Wapenaar, Pete will also discuss Anchor’s strategy and asset allocation for 2Q24, focusing on global equities and bonds. In addition, Fund Manager Liam Hechter will provide insights into local equities, highlighting some investment ideas; Global Equities Analyst James Bennet will discuss Ferrari and give an update on Tesla, and finally, Analyst Thomas Hendricks will participate in a Q&A with Peter, explaining the 10-year US Treasury to attendees.