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PayPal Weighs Bids From Apex, DriveWealth for Stock-Trading Push

Aug. 30, 2021, 7:57 PM

PayPal Holdings Inc. is weighing bids from companies including Apex Fintech Solutions LLC and DriveWealth LLC as it seeks to offer stock-trading capabilities to its nearly 400 million users.

The payments giant is still soliciting bids from potential partners and other companies could still be chosen to power the trading offering, according to people familiar with the matter. Spokespeople for PayPal and Apex Fintech Solutions declined to comment, while representatives for DriveWealth didn’t have an immediate comment when reached by email.

PayPal has said it hopes to offer stock trading as part of a broader overhaul of its app ...