Bloomberg has named PayPal as the company in talks to buy Israeli company Curv to develop digital asset security infrastructure. The Globes newspaper reported yesterday that the “Curve” company was negotiating with an unnamed buyer to obtain more than $ 200 million, according to sources close to the matter. “Conversations are early and could break down,” says Bloomberg, “according to a person familiar with the matter, who requested anonymity while discussing internal deliberations. “Related, Digital Asset Security Company Curv Raised $ 23 Million: Unique Model But Will It Work?” CoinDesk was more specific and seeing the acquisition price much higher, “PayPal is buying Curv for $ 500 million,” according to an insider source CoinDesk Digital Asset Preservation Space. ”I’m sure that is true. Curv was founded in 2018 within the Team8 foundry by CEO Itay Malinger and CTO Dan Yadlin. Team8 founder Nadav Zafrir serves as Chairman of Curv. The company raised $ 29.5 million so far and raised $ 23 million in its most recent funding round last summer with investments from CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8, and Digital Garage Lab Fund. Curv has developed a platform for managing cryptocurrencies in the cloud, which allows LIQUI to debit assets while securing cryptocurrencies. If the deal goes through, it will be the third and largest exit for Team8, which was made Established in 2014. Posted by Globes, Israel business news – en.globes.co.il – March 3, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021
PayPal is in talks to buy Israeli company Curv – reports
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