Edison Partners Exits TIO Networks to PayPal
Summary
Edison Partners today announced that it has exited Vancouver-based TIO Networks following the completion of a sale to PayPal (NASDAQ: PYPL), a leading global online payments system. Current investments include: Axial, BFS Capital, Billtrust, Clearpool Group, ComplySci, GAN Integrity, MoneyLion, Predata, Scivantage, and Trader Tools. TIO integrates with the back office of billing systems to accept, validate, and collect payments via self-service kiosk, retail walk-in, mobile, and web solutions. Our open digital payments platform gives PayPals 203 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid.
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