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Simility Press Room

Latest update delivers enhanced decisioning for identity proofing, trade surveillance and transaction monitoring.

Payments giant PayPal is buying fraud prevention platform Simility Systems for $120m in cash in order to help protect its 237m users. The acquisition comes just weeks after PayPal acquired Swedish mobile payments platform iZettle for $2.2bn.

PayPal Holdings has said it will buy Palo Alto and Hyderabad based Simility, a fraud prevention and risk management platform, for $120 million in cash. The acquisition of Simility will enhance PayPal’s ability to deliver fraud prevention and risk management solutions to merchants globally.

Payment provider PayPal continues apace with its acquisitions streak to bring more modern tools into its platform to serve its 237 million customers. Today the company announced that it is buying Simility, a fraud prevention specialist, for $120 million in cash.

PayPal Holdings Inc. announced its fourth acquisition in a little more than a month Thursday with a $120 million agreement to buy fraud prevention startup Simility Inc.

Kedar Samant's recent interview with Richard Jacobs on 'Staying One Step Ahead of Fraud' got aired on Future Tech Podcast. Check out the full podcast!

Company appoints Vanita Pandey as Vice President of Marketing & Product Strategy. In her role, Vanita will help define and execute Simility's product vision and go-to-market strategy.

Kedar Samant talks about the advancements in fraud detection and protection and what new security challenges may lie ahead. He also discusses why he believes machine learning and data analytics are both essential for fraud prevention. Listen to the podcast for more insights!

Company appoints Anupam Bagri as Director of Sales and Business Development, India and Asia-Pacific. In his role, Anupam will leverage his sales and partnership skills to grow Simility’s presence in India and the Asia-Pacific region, and will focus on identifying key industry trends in emerging markets and crafting innovative sales plans.
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