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PayPal has launched PayPal Links, enabling users to create and share personalized links for quick peer-to-peer money transfers or requests, even without a recipient's account. It features AI-powered fraud detection and upcoming crypto integration for Bitcoin, Ethereum, and PYUSD. This innovation aims to streamline digital payments and challenge competitors like Venmo and Cash App.
Cloud costs can quickly spiral when finance teams lack real-time visibility into engineering spend. Join the free virtual FinOps Excellence Summit, hosted by Harness on July 16th, to learn how leading companies like United Airlines are successfully embedding cost controls into their software delivery pipelines.
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PayPal Ventures and General Catalyst led an $18 million Series A for Kite, a San Francisco startup building AI-blockchain infrastructure on Avalanche for autonomous agents to handle payments and data securely. With $33 million total funding, Kite aims to enable AI-driven micropayments and disrupt fintech. This investment signals confidence in decentralized AI's future.
PayPal has partnered with Perplexity AI to provide U.S. and select international PayPal and Venmo users a free 12-month Perplexity Pro subscription and early access to the AI-powered Comet browser. This strategic move aims to boost user engagement and integrate AI into fintech, potentially reshaping digital payments and commerce.
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Khalid Ashmawy, a former Microsoft and Uber executive, founded Munify after facing remittance frustrations to Egypt. The YC-backed neobank offers U.S. accounts, instant transfers, and low fees for the Egyptian diaspora, targeting the $30B market. It raised $3M in seed funding to expand into savings and investments. This could redefine inclusive global finance.
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