StackMob, which helps developers add new features app features like push notifications and social website logins, counts Urban Outfitters and Citibank among its customers, according to its website. PayPal said the deal for the San Francisco-based company would help with backend software development for mobile apps.
PayPal recently rolled out an updated version of its app that included features like ordering and paying in advance for carryout food to avoid lines. StackMob’s engineering team would presumably help it develop a broader array of apps for PayPal’s broadening ambitions. The startup was founded in 2010 and raised funding from venture firms including Baseline Ventures, Harrison Metal Capital and Trinity Ventures.
“With the addition of the talented team from StackMob, we’ll move even faster in creating, testing and deploying products that aim to transform payments,” said PayPal’s chief technology officer, James Barrese, in a blog post announcing the deal. Terms weren’t disclosed.
PayPal has been working to encourage users to spend more of their money through its network at brick-and-mortar retailers, which still account for more than 90% of retail sales, as well as through their smartphones.
StackMob, which helps developers add new features app features like push notifications and social website logins, counts Urban Outfitters and Citibank among its customers, according to its website. PayPal said the deal for the San Francisco-based company would help with backend software development for mobile apps.
ReplyDeletePayPal recently rolled out an updated version of its app that included features like ordering and paying in advance for carryout food to avoid lines. StackMob’s engineering team would presumably help it develop a broader array of apps for PayPal’s broadening ambitions. The startup was founded in 2010 and raised funding from venture firms including Baseline Ventures, Harrison Metal Capital and Trinity Ventures.
“With the addition of the talented team from StackMob, we’ll move even faster in creating, testing and deploying products that aim to transform payments,” said PayPal’s chief technology officer, James Barrese, in a blog post announcing the deal. Terms weren’t disclosed.
PayPal has been working to encourage users to spend more of their money through its network at brick-and-mortar retailers, which still account for more than 90% of retail sales, as well as through their smartphones.