What Does Hyperwallet Do?

Total employees59
HeadquartersVancouver
Founded

Hyperwallet, a PayPal service, is a global payment platform that provides organizations with a fast, efficient, and transparent way to distribute funds to payees almost anywhere in the world. Specializing in mass payouts, Hyperwallet's technology enables businesses to send commissions, royalties, and other payments to freelancers, sellers, contractors, and gig economy workers. Their solutions include a range of payout methods, such as bank deposits, PayPal transfers, prepaid cards, and cash pickup, catering to the diverse needs of a global workforce and customer base. Acquired by PayPal in 2018, Hyperwallet enhances PayPal's capabilities in serving e-commerce platforms and marketplaces.

Where Is Hyperwallet's Headquarters?

HQ Function

Serves as a major operational and development center for Hyperwallet's global payout platform, focusing on technology innovation, product development, and regional support.

Notable Features:

Modern office space designed to foster collaboration and innovation, located in a vibrant downtown area known for its tech scene.

Work Culture:

As part of PayPal, the culture emphasizes innovation, customer focus, collaboration, and inclusion. It combines Hyperwallet's agile fintech roots with PayPal's established global presence and resources.

HQ Significance:

The Vancouver office is significant as it was the original headquarters of Hyperwallet and continues to be a crucial center for the development and enhancement of its payout technologies within the PayPal ecosystem.

Values Reflected in HQ: The office environment reflects values of technological excellence, global connectivity, and efficient service delivery, aligning with both Hyperwallet's mission and PayPal's broader corporate values.

Location:

Hyperwallet, as a PayPal service, supports global payout capabilities, enabling organizations to send payments to over 200 countries and territories in multiple currencies. Its global presence is facilitated through PayPal's extensive network of local banking relationships and payment options, supporting functions like cross-border payments, currency conversion, identity verification, and multi-lingual payee support. This allows businesses to efficiently manage payments to a diverse and geographically distributed workforce or seller base.

Street Address:

950 Granville St, Suite 400

City:

Vancouver

State/Province:

British Columbia

Country:

Canada

Where Else Does Hyperwallet Operate Around the World?

Austin, Texas, USA

Address: 11701 Stonehollow Dr, Austin, TX 78758, USA (PayPal Office)

Supports PayPal's broader payment services in the region, with Hyperwallet teams focusing on mass payout solutions for US-based and international clients.

London, United Kingdom

Address: One Curzon Street, London, W1J 5HD, UK (PayPal Office)

Facilitates Hyperwallet's expansion and service delivery across the diverse EMEA market, ensuring compliance with regional payment regulations.

Sydney, Australia

Address: Level 24, 1 Farrer Place, Sydney, NSW 2000, Australia (PayPal Office)

Drives growth and supports clients in the rapidly expanding APAC digital economy, offering localized payment solutions.

Buying Intent Signals for Hyperwallet

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Hyperwallet? Meet the Executive Team

As of April 2025, Hyperwallet' leadership includes:

Alex Chriss - President and CEO, PayPal (Oversees all PayPal services including Hyperwallet)
Isabel Cruz - Chief People Officer, PayPal (Relevant for overall talent and culture)
John Kim - EVP, Chief Product Officer, PayPal (Historically significant for platform services, including payout capabilities)
Frank Keller - SVP, General Manager, Large Enterprise & Merchant Platform Group (Likely has oversight of services like Hyperwallet)

Who's Investing in Hyperwallet?

Hyperwallet has been backed by several prominent investors over the years, including:

Primus Capital Funds
Raymond James Financial (via subsidiary)
W Capital Partners
FTV Capital (early investor)

What Leadership Changes Has Hyperwallet Seen Recently?

Hire1
Exits1

As Hyperwallet is a PayPal service, major executive changes are typically announced at the PayPal corporate level. The most significant recent change for PayPal was the appointment of Alex Chriss as CEO in late 2023. No specific high-profile executive hires or exits directly attributed solely to the Hyperwallet division have been widely publicized in the last 12 months; leadership changes would be integrated within PayPal's broader organizational structure.

Departures

Dan Schulman, Dan Schulman stepped down as President and CEO of PayPal.

New Appointments:

Alex Chriss, Alex Chriss appointed as new President and CEO of PayPal.

What Technology (Tech Stack) Is Used byHyperwallet?

Discover the tools Hyperwallet uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Hyperwallet Email Formats and Examples

Hyperwallet, as part of PayPal, primarily uses email formats associated with PayPal or specific Hyperwallet domains for its operations. The most common format for direct Hyperwallet communications (often for support or B2B interactions) tends to be [first].[last]@hyperwallet.com or [first_initial][last]@hyperwallet.com.

[first].[last]@hyperwallet.com

Format

jane.doe@hyperwallet.com

Example

85%

Success rate

What's the Latest News About Hyperwallet?

PayPal NewsroomNovember 19, 2018

Hyperwallet News: PayPal Completes Acquisition of Hyperwallet

PayPal Holdings, Inc. announced it has completed its acquisition of Hyperwallet for approximately $400 million USD. The acquisition aims to enhance PayPal's payout capabilities, providing a comprehensive solution for businesses that need to send payments to multiple recipients globally, such as e-commerce marketplaces, platforms, and direct sellers....more

PYMNTS.comOctober 5, 2023

Hyperwallet News: PayPal, Hyperwallet Team Up on Faster Payouts to Sellers

PayPal and Hyperwallet have collaborated to introduce enhanced payout options for sellers, focusing on speed and flexibility. This initiative leverages Hyperwallet's infrastructure to provide quicker access to funds for merchants and individuals operating on various platforms....more

PayPal NewsroomJanuary 25, 2024

Hyperwallet related News: PayPal Unveils New AI-Driven Products and Services at First Look Event

PayPal announced new AI-driven products and services aimed at revolutionizing commerce. While not solely focused on Hyperwallet, these innovations are expected to enhance various PayPal services, potentially including the efficiency and capabilities of its payout solutions like Hyperwallet....more

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