PayPal Holdings, Inc. (NASDAQ: PYPL), is to acquire Honey Science Corporation, a Los Angeles-based technology platform for shopping and rewards, for approximately $4 billion.

Honey, in combination with PayPal’s two-sided network, will enhance the shopping experience for PayPal’s consumers while increasing sales and customer engagement for its merchants.

Honey will accelerate its growth by driving adoption among PayPal and Venmo’s more than 275 million active consumer accounts and sourcing offers from PayPal’s network of 24 million merchant accounts.

Its suite of products and services include a mobile shopping assistant, offers and rewards program, and price-tracking tools and alerts.

With approximately 17 million monthly active users, Honey currently works across approximately 30,000 online retailers ranging from fashion and technology, to travel and pizza delivery. | To read full story, visit https://startuparound.com/read/1574339408.6383893/PayPal-To-Acquire-Honey-Science,-for-Approx.-$4-Billion?ref=audio_experience