Jetlore acquired by PayPal
Deal Synopsis
Jetlore was acquired by Paypal (NAS: PYPL) for an undisclosed amount on May 30, 2018. See the Press Release.
Seller Details
Jetlore is the provider of an artificial intelligence-powered platform designed to help top retailers to take most optimal decision for each unique consumer. The company's prediction platform takes the guesswork out of rule-driven automation and intuition-based marketing, enabling retailers to build stronger customer loyalty, higher conversions, and increased revenues.
Buyer Details
PayPal provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 267 million active accounts at the end of 2018, including 22 million merchant accounts. The company also owns Xoom, an international money transfer business, and Venmo, a person-to-person payment platform.