PayPal - Fintech Companies

About PayPal

PayPal is a fintech company headquartered in San Jose, California, and it is listed among fintech companies in California and fintech firms nationwide. It operates an online payments system in most countries that allow online money transfers, offering an electronic alternative to paper methods such as checks and money orders. The company also processes payments for online merchants, auction sites, and other commercial users, for which it charges a fee. The business was founded in 1998 as Confinity. It went public in 2002 and later that year became a subsidiary fully owned by eBay, at a valuation of $1.5 billion. In 2015, eBay spun the company off to its shareholders, and PayPal became independent again. Its shares trade on the NASDAQ under the ticker PYPL, and investors can view its current stock price and chart separately. PayPal was ranked 143rd on the 2022 Fortune 500, a list of the largest United States corporations by revenue. It is also grouped with other publicly traded financial services stocks in industry listings.

Key Facts

Established

1998