Announced

PayPal to acquire Cymbio.

Synopsis

PayPal, a technology platform company that enables digital and mobile payments, agreed to acquire Cymbio, an AI-powered platform. Financial terms are not disclosed. "PayPal has established itself as a leading commerce partner for merchants looking to sell within top AI platforms. Acquiring Cymbio's technology and team will enhance our agentic commerce capabilities and accelerate the expansion to more of our merchants. By making their product catalogs discoverable on AI surfaces, merchants can increase sales while expanding product choice to the millions of consumers shopping on AI platforms today," Michelle Gill, PayPal Executive Vice President and General Manager of Small Business and Financial Services.

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