FRANKFURT (Reuters) - PayPal Holdings Inc <PYPL.O> is on the lookout for further acquisitions following its recent takeover of iZettle, the Swedish fintech startup, for $2.2 billion (£1.65 billion), in the U.S. payments company's biggest ever deal.
"We have a healthy balance sheet and we are ready to put it to work to buy more companies," President and CEO Dan Schulman told Germany's Handelsblatt business daily in an interview .
Paypal is ready to invest up to $3 billion a year on acquisitions that enable it to acquire specific capabilities, Schulman added.
"I wouldn't rule out that we take on a bigger deal if there's a good fit for us," the German-language newspaper quoted Schulman as saying in extracts from an interview released from its Monday edition.
Since separating from online marketplace eBay <EBAY.O> in 2015, PayPal has shifted from mostly processing online transactions for its parent company to offering a suite of digital payment services.
(Reporting by Douglas Busvine; Editing by Keith Weir)
