PayPal Acquires TIO Networks

Announced February 14, 2017 — $233M

What happened

TIO Networks operated a bill-payment processing network used by consumers to pay utility and other recurring bills in cash.

PayPal's acquisition history

15th of 27 tracked deals

Disclosed prices

15 of 27 PayPal deals

PayPal's average disclosed price

$879.9M

PayPal's largest disclosed deal

Honey ($4B)

Tracked acquisitions in 2017

75 across all acquirers

PayPal in Bill payment processing

1 acquisition

When did PayPal acquire TIO Networks?

PayPal acquired TIO Networks on February 14, 2017. This was PayPal's 15th publicly tracked acquisition out of 27 we have on record.

How much did PayPal pay for TIO Networks?

PayPal paid $233M for TIO Networks.

What does TIO Networks do?

TIO Networks operated a bill-payment processing network used by consumers to pay utility and other recurring bills in cash.

What other Bill payment processing companies has PayPal acquired?

TIO Networks is PayPal's only publicly tracked acquisition in Bill payment processing so far.