Kia Kokalitcheva Jan 24, 2017
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Airbnb might buy a payments startup on the cheap

OpenGrid Scheduler GridEngine / Flickr Creative Commons

Airbnb is looking to boost its payments team by acquiring crowdfunding service Tilt, according to The Information. Tilt also has an app that competes with Venmo, which lets users send and receive payments from others.

Why it makes sense: Adding new payment options is critical to Airbnb being able to operate in a new country. The variety of payments it accepts globally ranges from credit cards to Boleto, a system in Brazil that lets customers without a credit card print out a slip with a bar code and bring it to a bank or convenience store to pay.