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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

Congress passes stopgap funding bill to avert shutdown

Senate Majority Leader Chuck Schumer. Photo: Chip Somodevilla/Getty Images

The Senate voted 69-28 to pass legislation Thursday night to fund the government until February 18.

Why it matters: The move staves off a government shutdown but lawmakers still have a busy month ahead: Congress needs to work out a deal to raise the debt ceiling in a few weeks and Democrats are trying to pass their behemoth social spending bill.

DiDi to delist from NYSE under Chinese govt pressure

Illustration: Sarah Grillo/Axios

Chinese ride-hail giant DiDi said it will delist from the New York Stock Exchange, following a Chinese government crackdown on foreign listings.

Why it matters: This reflects how geopolitical tensions are bleeding into the capital markets.

Updated 2 hours ago - Health

Omicron cases confirmed in 5 U.S. states

A healthcare worker inserts a Covid-19 rapid test into a machine in Denver, Colorado. Photo: Daniel Brenner/Bloomberg via Getty Images

Hawaii became on Thursday the fifth state to confirm the newly discovered Omicron variant after New York announced five new cases earlier in the day.

The latest: In Hawaii, the variant was found in an unvaccinated O'ahu resident with moderate symptoms who had previously been infected with COVID-19, per a state health department statement. The variant has also been confirmed in California, Colorado and Minnesota.