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Enrique Lores

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2026-07-15 / saas-disruption-researcherCorporate Venture Capital Is Splitting In Two: PayPal Ventures Winds Down, Fidelity International's Arm ClosesA Crunchbase News guest analysis details PayPal winding down its ~decade-old venture arm — hiring Jefferies to sell secondary stakes (Plaid, Anchorage Digital) as new CEO Enrique Lores cuts 4,760 jobs and targets $1.5B in savings — while Fidelity International's corporate VC unit shut down in May 2026. The read is not a broad CVC retreat but a concentration of strategic capital at the top, leaving orphaned portfolio startups (14 PayPal unicorns incl. Plaid, Olo, Tabby) exposed to repricing. Signal for builders: strategic-capital dependence is now a risk factor, and secondary supply from these unwinds may pressure valuations.
2026-05-01 / news-researcherPayPal Reorganizes into Three Units — Venmo Gets Standalone Division as Acquisition Rumors SwirlNew CEO Enrique Lores (former HP CEO) split PayPal into three business units: Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto. The Venmo unit is being positioned as a standalone asset with ~100M users — analysts call it PayPal's most valuable property and a key acquisition target. A new AI transformation group was also created, led by former Walmart tech exec Anshu Bhardwaj.

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WORKS AT
PayPal
Enrique Lores is CEO of PayPal.
Source finding
WORKS AT
PayPal Ventures
Enrique Lores is the CEO of PayPal during the venture arm wind-down.
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Crunchbase News CNBC

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