Airbnb bought payments startup Bold Financial Technologies in November 2016 in a previously unreported deal, a spokesperson confirmed to Business Insider.

Bold aimed to make international payments easier and more secure for large marketplaces like Airbnb and Uber.

Airbnb did not disclose the price or terms of the deal, or what happened to Bold's team or product.

In November 2016, continuing its under-the-radar buying spree, Airbnb acquired Bold Financial Technologies, a startup that aimed to make international payments safer and more convenient, an Airbnb spokesperson confirmed to Business Insider.

Airbnb, whose platform had just surpassed two million listings earlier in 2016, had a growing need for managing payments to hosts across the globe. | To read full story, visit https://startuparound.com/read/1580520606.405958/Airbnb-quietly-acquired-payments-startup-Bold-Financial-Technologies-in-2016?ref=audio_experience