PayPal Ventures is shutting down as the company’s restructuring continues

PayPal Ventures no longer exists.

Five sources said luck The company’s investment arm, which was established in 2016, will wind down its operations. A company spokesperson confirmed the news to TechCrunch, albeit with a more nuanced statement.

“As part of our ongoing efforts to increase our focus, we are exploring strategic options for our investment arm in the company,” the spokesperson said in an email.

PayPal Ventures has made more than 80 investments, including cryptocurrency trading platform Talos Global, fintech infrastructure company Plaid, and cryptocurrency bank Anchorage Digital. I have It raised $850 million across three funds.

The decision to close the venture fund follows the departure of PayPal CEO Alex Chriss, who was replaced by Enrique Lores in February. The board said Chris had failed to keep pace with changes in the industry and had not met its expectations. Ironically, the end of PayPal Ventures may mean the company is falling further behind. PayPal’s venture arm gave a front-row seat to emerging fintech innovations; Without it, the company risks losing exposure to the startups shaping the future of financial services and falling behind competitors that maintain strategic venture arms.

Loris has taken the lead on restructuring things, and he has done so, with more cuts and layoffs expected to continue throughout the next few years, Fortune reported. The outlet also said that PayPal is exploring secondary sales to offload some of its investment holdings and has hired Jefferies to help with that mission. Loris said on the company’s first-quarter earnings call last month that it needed to “recommit to the basics,” which included… “To become a technology company again.”

The company clearly wants to reposition itself in the ecosystem — especially around AI — which means this may not be the final chapter for corporate venture investing at PayPal.

PayPal project The news also comes after the company It reached a $30 million settlement with the Justice Department over the creation of an investment program in 2020 that targeted Black and minority-owned businesses. PayPal was too He filed a lawsuit in January 2025 By an investor who claimed she was excluded from the investment program because she was Asian. It appears that this case is heading towards trial. According to court documents.