![]() According to the company, it’s “committed to helping employees maintain balance between the demands of their work and personal lives.” Since 2020, PayPal has offered telecommuting and flexi-work arrangements, known as MyBalance. Today, the company has 377 million regular users in over 200 countries and territories, becoming one of the most successful fintech companies in the history of the world.Īlthough PayPal was tailor-made for success during the pandemic due to its online platform, it wasn’t until COVID that the company publicly endorsed a remote work policy. With the addition of Venmo, partnerships with MasterCard, American Express, and Discover, and an entrance into the cryptocurrency space, the company continues to expand and grow with ferocity. ![]() By 2007, the company expanded into Europe and beyond, generating billions of dollars in sales and becoming a payment method for over 1,000 retail stores, including Amazon, JetBlue, and US Airways.įollowing eBay’s divesture in 2016, PayPal became its own company for the first time since 2002. After its purchase and fueled by assistance from eBay, PayPal focused on expanding its reach globally. ![]() However, the true growth of PayPal occurred later in 2002 when eBay purchased the company for $1.5 billion. In 2002, the company went public via an initial public offering, generating $61 million. While the company originally started as a cybersecurity software firm, it quickly pivoted to digital wallets the following year. Founded in 1998 in Palo Alto, California, PayPal was the brainchild of entrepreneurs Peter Thiel, Max Levchin, and Luke Nosek. ![]()
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