From WSJ.com
PayPal PYPL -1.55% Holdings Inc. said Tuesday it agreed to acquire financial-technology company Hyperwallet Systems Inc. for about $400 million, a deal that augments its offerings to businesses for managing and processing their online and mobile payments.
Founded in 2000, Hyperwallet helps individuals and small firms receive payments for goods and services that they sell on online marketplaces, including Amazon.com Inc.’s Australian business and Expedia Group Inc.’s vacation-home rental site HomeAway.
The company, which counts private-equity firm Primus Capital Partners as a major shareholder, can disburse payments in more than 200 countries through a variety of forms, including debit cards and transfers into bank or PayPal accounts.