PayPal Ventures
PayPal Ventures is the corporate venture arm of PayPal, founded in 2016. It has backed more than 80 companies across three funds totalling over USD 850 million; Fortune reported in June 2026 that it is being wound down.
Industry: Corporate venture capital | Location: United States | Founded: 2016
About PayPal Ventures
PayPal Ventures is the corporate venture arm of PayPal, set up in 2016, one year after PayPal became independent from eBay. It invests from PayPal's balance sheet in financial technology companies, with interests that Global Venturing describes as payments, commerce enablement, blockchain and artificial intelligence. Fortune reported that it had backed more than 80 companies across three funds totalling over 850 million dollars.
James Loftus managed the unit from 2022 until May 2025, when he left to become chief financial officer of Velocity Global. Ian Cox Moya replaced him as managing partner. He had worked on PayPal's Latin America strategy from 2012 to 2015, rejoined in 2022 as a partner in the venture team and earlier led the venture arm of Synchrony.
Portfolio companies named in coverage include Plaid, Anchorage Digital, Talos, Acorns, FreshBooks and Ellevest. Payments Dive listed deals including a 14 million dollar investment in nocnoc in 2023, 30 million dollars in Mine in 2023, 15 million dollars in Ume in 2024 and 30 million dollars in Rasa in 2024. Bill.com's 2021 acquisition of Divvy was a reported exit. In the Middle East and North Africa it appears as an existing investor in the Egyptian payments company Paymob, listed that way by the European Bank for Reconstruction and Development in September 2024.
On 16 June 2026 Fortune reported, citing five sources, that PayPal was shutting down the team. It said headcount had fallen from more than ten in late 2025 to two, and that PayPal was exploring secondary sales of some positions with help from Jefferies. TechCrunch added that the unit still existed on paper, with a few employees supporting portfolio companies, and had paused new investments. A PayPal spokesperson said the company was exploring strategic options for the venture arm. The changes followed the replacement of chief executive Alex Chriss by Enrique Lores in February 2026.
Leadership
- Ian Cox Moya, Managing Partner