honey

PayPal Inc. has gobbled up another Southern California startup.

After acquiring Honey, a modern twist on coupons, in 2019, PayPal announced Thursday it has purchased Santa Monica-based Happy Returns. Terms of the deal were not disclosed.

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Two months ago, Ken Lian, co-founder and CEO of Cheese, applied for a checking account at a major bank. He was rejected again, despite his sterling 800+ credit score.

Since immigrating from China to the U.S. in 2008 he has been routinely denied from opening bank accounts, had to pay thousands of dollars in fees and been limited to the least desirable no-rewards credit cards.

"This is a common issue," he said.

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Honey has inked a deal with the L.A. Galaxy to be stitched on their right sleeve. The online shopping and discount platform will also be an online deals partner, offering discounts for L.A. Galaxy fan merchandise, and it will be featured in the Galaxy's online marketing content.

The L.A. Galaxy will launch its secondary jersey on Wednesday with the Honey logo. Herbalife Nutrition will continue to be featured on the jersey front, as it has been for the past few years.

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