Airbnb’s decision for acquiring Payment startup Tilt has now came to a fruitful ending. The company now decided to see things out of the lodging box.
As reported , Investors will be getting a return of $12 million cash but the deal value is quite higher that is about tens million dollars. Airbnb is also retaining the staff including the CEO “James Beshara”. Airbnb has taken over Tilt assets and are in continuous effort of making the app working.
From the time of its foundation in 2012, it is more interested towards group payments as compared to individual transactions. Tilt is also a bigger competitor for Paypal’s Venmo and Square Cash.
Tilt is known more for group investments as compared to individual transactions.At the time of investing over $60 million , Tilt investors dreamt so high with the complement that it would lead the mobile commerce market.