PayPal May Have Quietly Plowed +$16 Million Into ?The Next PayPal,? TradeShift

When the media calls you "The Next PayPal," you can bet the real PayPal will come a'knocking.

Or throw fistfuls of cash in your direction.

According to a reliable source with knowledge of the transaction, e-invoicing company, TradeShift has just secured between ?12 to ?15 million euros from PayPal ($16 to $21 million dollars).

The deal was done quietly, with PayPal doling out the euros in the form of a loan for TradeShift. When asked to comment, the Denmark startup's CEO and co-founder Christian Lanng said he could not discuss the speculation at this time but implied that fundraising efforts have been robust this year. A PayPal spokesperson said the company does not comment on rumors or speculation.

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