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PostPosted: Fri Jun 22, 2018 1:57 pm 
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PayPal to acquire machine learning-powered fraud detection startup Simility for $120 million

PayPal has acquired its second startup in as many days, as the payments giant announced today that it was snapping up machine learning-powered fraud detection startup Simility. The transaction is valued at $120 million, in what will be an all-cash deal.

The news comes two days after PayPal bought out payments startup Hyperwallet in a $400 million deal.

https://venturebeat.com/2018/06/21/payp ... -simility/


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