“Our exceptional financial return is further enhanced by the fact that TIO is one of the most impactful fintechs in the industry, now becoming part of PayPal,” said Arjan Schütte, founder and managing partner of Core. The company delivers convenient access to secure bill pay via kiosk, walk-in, mobile and web solutions. TIO is a cloud-based multi-channel bill payment processor that has processed over $7 billion in payments in 2016 for its 14 million customers. Core, a venture capital firm investing in leading financial technology companies, invested in TIO in 2013 as part of their mandate to create value for everyday and underserved Americans. News Provided by PR Newswire via QuoteMediaĬore Innovation Capital and the Center for Financial Services Innovation has announced that their portfolio company has been acquired by PayPal (NASDAQ:PYPL).ĬFSI, the nation’s authority on financial health, made an early investment in TIO Networks in 2005. Investor Relations Relations original content: By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering 435 million consumers and merchants in more than 200 markets to join and thrive in the global economy. PayPal has remained at the forefront of the digital payment revolution for more than 20 years. In addition, an archive of the webcast will be accessible for 90 days through the same link. A live webcast of the conference call will be available at. will host a conference call to discuss these results at 2:00 p.m. The earnings release and related materials discussing these results can be found on its investor relations website at https:investor. (NASDAQ: PYPL) today announced its fourth quarter and full year 2022 results for the period ended Decem.
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