{"id":1599,"date":"2026-06-17T10:42:46","date_gmt":"2026-06-17T10:42:46","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=1599"},"modified":"2026-06-17T10:42:46","modified_gmt":"2026-06-17T10:42:46","slug":"exclusive-paypal-winds-down-venture-arm-as-fintech-giant-restructures-under-new-ceo","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=1599","title":{"rendered":"Exclusive: PayPal winds down venture arm as fintech giant restructures under new CEO"},"content":{"rendered":"<div>\n<p>PayPal is also exploring the sale of some of its positions on the secondary market and has hired the investment bank Jefferies to help with potential transactions, said one source familiar with the matter, who declined to be named while talking about private business dealings.\u00a0<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=1597\">Pizza Hut is getting the private equity treatment in a $2.7 billion deal as its owner offloads the brand that defined 1990s dining nostalgia<\/a><\/p>\n<p>\u201cAs part of our continued efforts to sharpen our focus, we are exploring strategic options for our corporate venture capital arm, PayPal Ventures,\u201d a company spokesperson said in a statement. \u201cWe don\u2019t have additional details to share at this time.\u201d<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>A spokesperson for Jefferies didn\u2019t immediately respond to a request for comment.<\/p>\n<p>PayPal established its venture arm in 2016, one year after eBay spun off the fintech into an independent company. Since then, PayPal Ventures, which invests off the fintech\u2019s balance sheet, has backed more than 80 companies across three funds that total more than $850 million. Some of its more prominent bets include the fintech Plaid, the crypto custodian Anchorage Digital, and its exits include Bill.com\u2019s acquisition of the startup Divvy in 2021.<\/p>\n<p>The performance of the venture fund\u2019s portfolio contributed 10 cents to PayPal\u2019s $1.53 earnings per share in the fourth quarter of 2025, as opposed to subtracting four cents in 2024, according to a February earnings .<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=1595\">Your raise used to go offshore. Then it went to a buyback. Now it\u2019s going to a data center<\/a><\/p>\n<p>Other prominent public companies, including Google and Microsoft, maintain significant venture units.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<h2>\u2018Recommit to the fundamentals\u2019<\/h2>\n<p>The wind-down of PayPal\u2019s venture team comes after the fintech\u2019s prior CEO Alex Chriss was ousted in February. During Chriss\u2019s almost-three-year tenure, the company\u2019s stock had dropped more than 30%, and the board of directors worried that the payments firm was falling behind competitors, including Stripe and Apple, which have their own checkout products. \u201cThe pace of change and execution was not in line with the Board\u2019s expectations,\u201d read a press release announcing the transition.\u00a0<\/p>\n<p>In Chriss\u2019s place, PayPal appointed Enrique Lores, who was previously the president and CEO of the consumer device giant HP. The new executive quickly promised to revamp the fintech. He put the consumer payments app Venmo into a separate business vertical, restructured leadership, and spearheaded a sweeping set of cuts announced in May. PayPal is reportedly targeting layoffs of 20% of its staff over the next two or three years.\u00a0<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>Lores said in a May earnings call that the fintech needed to accelerate \u201cAI adoption\u201d and \u201crecommit to the fundamentals.\u201d The company intends to deliver at least $1.5 billion in savings over the next two to three years,  another PayPal executive during the call.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=1593\">Decision on Anthropic\u2019s Fable and Mythos models means the U.S. has a licensing regime for frontier AI\u2014it just doesn\u2019t want to admit it<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The fintech is exploring the sale of parts of its portfolio on the secondary market.<\/p>\n","protected":false},"author":1,"featured_media":1598,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[287],"tags":[],"class_list":["post-1599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-paypal-holdings"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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