By George Ruan & Ryan Hudson
Together we’ll build even more exciting and rewarding shopping experiences for members - with more merchants and payment options to choose from.
We’ll continue to operate as Honey, offering the same money-saving tools, under the PayPal brand and will retain our headquarters in Los Angeles. Ryan and I will continue to lead the Honey team.
Stay tuned. There’s a lot more savings to come.
Today we announced that Honey is being acquired by PayPal. By joining forces, Honey will be able to build products faster, connect with more merchants, and, most importantly, help people save money on a massive scale.
When we started Honey, our mission was to make money fair. What started as coupons has since grown into multiple products that work together to turn inefficiencies into time and money savings for everyone. We’ve accomplished a lot in the past seven years. We're now helping put money back in the pockets of more than 17 million people around the world. 350 incredibly talented people have joined us on our mission. We found our members more than $1 billion in savings over the last year alone.
There’s no company better suited than PayPal to help us realize our vision. PayPal’s mission is to democratize financial services and empower everyone to improve their financial health, one that aligns closely with ours. Together we will be able to build powerful tools that have a meaningful financial impact on people’s day-to-day lives.
We’re looking forward to how this partnership will accelerate our growth. For now, it’s business as usual. We’ll continue to provide the same services to our members and partners. For more information, you can read our press release here.
We still have a lot more to do. Now, our next stage of growth begins.
George + Ryan
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