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.

  • Tilt's expertise in peer-to-peer payments also could help with some of Airbnb's new features. For example, it recently added the ability for hosts to enlist the help of another to help them with guests, for which Airbnb takes care of splitting and paying both hosts.
  • It can also help with groups of guests staying in a single house who need to split the bill.

The deal: Airbnb reportedly would pay between $10 million and $20 million for Tilt—a far cry from its $400 million valuation, and even less than the $62 million it raised from investors like Andreessen Horowitz (who lead on the deal, Jeff Jordan, also backed Airbnb).

Not the first one: Last year, Airbnb's payments team hired much of the team behind ChangeTip, a service for sending Bitcoin.

Go deeper

Susan Collins says Senate should postpone Supreme Court vote

Sen. Susan Collins. Photo: Tom Williams/Getty Images

Sen. Susan Collins (R-Maine) said in a statement Saturday she believes whoever is elected in the 2020 presidential race should pick the nominee to fill Justice Ruth Bader Ginsburg's Supreme Court seat.

Why it matters: Collins will be key in how the nomination process plays out. As one of the most centrist Senate Republicans, whether or not the Senate confirms Trump's SCOTUS nominee could hinge on her vote.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4:15 p.m. ET: 30,602,281 — Total deaths: 953,591— Total recoveries: 20,833,568Map.
  2. U.S.: Total confirmed cases as of 4:15 p.m. ET: 6,751,119 — Total deaths: 198,969 — Total recoveries: 2,556,465 — Total tests: 93,150,052Map.
  3. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  4. Health: The dwindling chances of eliminating COVID-19.
  5. World: Guatemalan president tests positive for COVID-19 — The countries painting their pandemic recoveries green.
Ben Geman, author of Generate
2 hours ago - Politics & Policy

The new politics of global warming

Photo illustration: Sarah Grillo/Axios. Getty Images photos: Ethan Miller and Chip Somodevilla

The 2020 election is both very different and very familiar when it comes to the politics of global warming and the stakes of the outcome.

What's new: Democratic voters are more concerned than in prior presidential cycles, polling shows.