PayPal Acquires Honey for $4 Billion

investor.paypal-corp.com/news-releases/news-release-details/paypal-acquire-honey

4 FREAKING BILLION DOLLARS???

 

Honey Science Corp. is an American technology company headquartered in Los Angeles, California. Its browser extension aggregates and automatically applies online coupons.

Honey’s revenue comes from a commission made on user transactions with partnering retailers. When a member makes a purchase from select merchants, Honey shares part of its commission with the member in a cashback program.

Users are notified of price drops and price history on selected items sold by participating online stores.

As of January 2018, Honey has raised a total of $40.8 million in venture backing.

Source

 

  • Honey had 17 million MAUs in October 2019. PYPL is paying ~$235 per MAU. That is insane.
  • Honey’s estimated annual revenue is $100 million and growing at 100% YoY.