“As part of our continued efforts to sharpen our focus, we are exploring strategic options for our corporate venture capital arm, PayPal Ventures,” the spokesperson said, per the report. “We don’t have additional details to share at this time.”
The Fortune report also cited five unnamed sources who said that PayPal is shutting down PayPal Ventures as part of a broader corporate shakeup. One of the sources told the publication that PayPal is looking to sell some of its positions on the secondary market.
According to the report, the company established PayPal Ventures in 2016, PayPal Ventures has backed more than 80 companies across three funds that total more than $850 million, and the venture fund’s portfolio contributed 10 cents to PayPal’s $1.53 earnings per share in the fourth quarter of 2025 after costing it 4 cents per share during the same quarter in 2024.
PayPal announced April 29 that it undertook a reorganization that includes a three-business operating model. The three businesses include checkout solutions and PayPal; consumer financial services and Venmo; and payment services and cryptocurrency.
PayPal President and CEO Enrique Lores said at the time in a press release: “To accelerate growth and unlock our full potential, we need to recommit to our fundamentals—getting much closer to the consumer, aligning the company around three strong businesses, simplifying how we work, sharpening accountability and prioritizing operational excellence.”
Lores had become president and CEO of PayPal about two months earlier, on March 1, in a leadership change that the company’s board announced Feb. 3 during an earnings call. Lores had served on PayPal’s board for nearly five years and had been board chair since July 2024.
On May 5, during an earnings call, Lores said the overhaul of the company amounted to “a very aggressive transformation plan.”
Chief Financial Officer Jamie Miller said during the call: “We are realigning the organization to sharpen strategic focus, eliminate duplication and remove [management] layers, enabling faster decision-making and clearer accountability.”
