PayPal continues to expand its B.C. footprint
Summary
Talk to a CEO at any Vancouver financial technology company and you’ll be hard pressed not to walk away with at least one story about PayPal Holdings Inc. (Nasdaq:PYPL) dispatching mentors to the city’s burgeoning fintech scene. “It’s an incredible company,” TIO Networks CEO Hamed Shahbazi told Business in Vancouver after the sale was announced February 14. In October 2015, it partnered with the BC Tech Association to create a fintech hub in Vancouver to help startups innovate and generate revenue. Alexander Peh, PayPal Canada’s head of mobile, told BIV in October 2016 the strategy is always to collaborate with small fintechs instead of competing with them. Not just by creating jobs but also by investing in startups, and advising them and mentoring them.” “Alex Peh, somebody who lives in Toronto, with PayPal is out here all the time promoting the scene,” he said.
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