PayPal is closing its corporate venture capital unit, PayPal Ventures, which has shrunk from over 10 staff to just two. The company is considering selling some venture stakes with Jefferies advising on potential deals. This move follows leadership changes and a broader cost-cutting plan targeting 20% staff reductions over the next few years. PayPal aims to refocus on core business and accelerate AI adoption under new CEO Enrique Lores.

More News (PYPL)

PayPal Ventures to wind down, signaling shift in PayPal's innovation strategy under new CEO.

PayPal Ventures, the corporate venture arm of PayPal founded in 2016, is winding down operations as part of a strategic refocus under new CEO Enrique Lores. The venture arm had invested in over 80 startups, including crypto and fintech firms, giving ...

Market News

Bearish

13 hours ago

PayPal shuts down its venture arm and explores selling portfolio amid company overhaul

More News (PYPL)

PayPal Ventures to wind down, signaling shift in PayPal's innovation strategy under new CEO.

Invest & Trade with
#1 Award-Winning Investment Super App

Invest

Features

Fees

Learn

Investment Clubs (Coming Soon)

Support

iOS App Store

Google Play Store

PayPal shuts down its venture arm and explores selling portfolio amid company overhaul

More News (PYPL)

PayPal Ventures to wind down, signaling shift in PayPal's innovation strategy under new CEO.

Invest & Trade with#1 Award-Winning Investment Super App

iOS App Store

Google Play Store

Invest & Trade with
#1 Award-Winning Investment Super App