PayPal will gradually shut down its venture capital division, PayPal Ventures, and is considering selling some of its investment positions through the secondary market.

BlockBeats News, June 18th, according to Fortune, PayPal Holdings is gradually shutting down its 10-year-old corporate venture capital department PayPal Ventures and considering selling part of its investment portfolio through the secondary market. The department's staff has been reduced from over 10 people at the end of 2025 to only 2. The company has hired the investment bank Jefferies to assist in related potential transactions. A PayPal spokesperson stated that the company is "exploring strategic options for its corporate venture capital business" but did not disclose further details.

This adjustment comes amid changes in PayPal's management team and a comprehensive restructuring. Following the appointment of the new CEO, the company has undergone organizational restructuring and is advancing a large-scale cost reduction plan, aiming to save at least $1.5 billion in costs over the next few years.

Source: BlockBeats

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