The company has raised $50 million more in funding, and it has made its first acquisition of a product outside of the restaurant search space: it has bought payments platform MaplePOS.
Just after the company bought payments startup Tilt for $50 million, we learned that Airbnb is also acquiring Luxury Retreats, a service that focuses on high-end homes, for a price believed to be around $200 million.
I took out loans with Barclays in 2000 and 2001, and at the time I was persuaded to buy payment protection insurance.
FINANCIAL TIMES | NEW YORK TIMES Banks Pay Out Fraction of Payment Insurance Money | British banks paid out £215 million in the first half of this financial year to cover borrowers who were wrongly advised to buy payment protection insurance, The Financial Times reports.
Credit card and payment company Visa made the third acquisition from our list when it bought electronic payment processor CyberSource (up 38%) for $2 billion in cash last July.
Reid Hoffman, 48, hatched the idea for LinkedIn from his apartment in December 2002 – shortly after eBay bought online payment service PayPal, where he was CEO.
He parlayed his share of the fee into a firm that became PayPal, then made an estimated $160m when eBay bought the payments company for $1.5bn in 2002.
The company also recently bought mobile payments startup ZayPay.
Earlier this year Google bought mobile payments tech company TXvia.
In its second acquisition in two weeks, eBay's PayPal unit has bought mobile payments startup FigCard.
