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Stripe, PayPal drive payments acquisitions spree with 2 more deals

May 17, 2021

A spate of payments industry acquisitions continued last week with fintech Stripe saying Friday that it had acquired online fraud prevention company Bouncer, and the disclosure Thursday that payments giant PayPal snapped up returns processor Happy Returns.

Those acquisitions follow buy now, pay later (BNPL) company Affirm’s $300 million acquisition last month of another returns payments company Returnly, and PayPal’s March acquisition of digital asset company Curv. The mega payments processor Fiserv has also been on an acquisition tear, buying three companies in recent months.

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