Enrique Lores at the World Economic Forum Annual Meeting 2022 in Davos. Image: World Economic Forum/Ciaran McCrickard via Flickr (CC BY-NC-SA 2.0)
A PayPal spokesperson told Fortune that they are ‘exploring strategic options’ for their corporate VC arm.
Global fintech PayPal is reportedly shutting down its venture capital arm, just months after the company tapped HP’s Enrique Lores to replace Alex Chriss as CEO.
Founded in 2002, PayPal Ventures shrunk from more than 10 partners in 2025 to now only two, Fortune reported, citing an archived version of the company’s website. Moreover, the page that listed the unit’s employees is no longer available, the publication also found.
Earlier this month, Ashish Aggarwal and Alexandros Bottenbruch, co-leads for fintech investments across EMEA left their roles as partners at PayPal Ventures. Aggarwal and Bottenbruch were the only two partners based out of the company’s London office, with the rest situated in the US.
