PayPal Holdings, Inc. has announced that it has agreed to acquire Honey Science Corporation, a rapidly-growing technology platform for shopping and rewards.

The PayPal press center has revealed that the transaction costs will make approximately USD 4 billion.

“Honey is amongst the most transformative acquisitions in PayPal’s history. It provides a broad portfolio of services to simplify the consumer shopping experience, while at the same time making it more affordable and rewarding,” said Dan Schulman, president and CEO of PayPal.

“Honey’s vision has always been to give consumers the tools they need to make the best decisions with their money. PayPal shares that vision and together we can build powerful commerce capabilities that create real value for both consumers and retailers around the world,” said Honey co-founder George Ruan.


Honey Science Corporation is an L.A.-based tech company building tools to help people save time and money when shopping online. What started as a browser extension in 2012 has grown into a suite of free tools that help everyone shop with confidence.

Honey notifies users when a price drops and shows them the lowest prices available.

With approximately 17 million monthly active users, Honey has helped millions of people find more than USD 1 billion in savings in the past year. Currently it cooperates with around 30,000 online stores.

Following the acquisition, Honey will retain its headquarters and brand in Los Angeles. Honey co-founders George Ruan and Ryan Hudson will continue to lead the Honey team.

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