PayPal

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PayPal Holdings, Inc. is an American multinational financial technology company that operates an online payments system. Founded in December 1998 by Max Levchin, Peter Thiel, and Luke Nosek as Confinity, it merged with X.com in 2000, an online banking company founded by Elon Musk. After the merger, the company focused on digital payment services and was renamed PayPal in 2001.

In 2002, PayPal went public and was subsequently acquired by eBay, where it served as the main payment method for the auction platform. PayPal became independent in 2015 when it was spun off from eBay as a separate entity. PayPal allows users to make online payments, send money, and receive payments through a linked bank account, credit card, or debit card. The platform also provides services for businesses, enabling them to accept payments online and in-person.

PayPal operates in over 200 countries and supports 25 currencies. The company also owns Venmo, a mobile payment service, which was acquired through Braintree in 2014. Other notable acquisitions include iZettle and Honey Science Corporation. PayPal's services are available via its website and mobile apps, which support both Android and iOS platforms.

PayPal is headquartered in San Jose, California, and listed on NASDAQ under the ticker symbol "PYPL." As of 2021, it has over 400 million active user accounts globally.