Enrique Lores
New CEO of PayPal driving the shutdown of PayPal Ventures as part of a broader simplification strategy.
“Stripe Wants PayPal... Who better than Stripe? And maybe Jack Dorsey plays a role here... I think it's a shot across the bow for Visa and MasterCard.”
Source→“The new CEO, by the way, Enrique is really aces. I've met him before and they're doing a great job. And apparently, which is why they probably got these offers because they've been tightening that business up for the last couple of years.”
Source→“PayPal Ventures is shutting down and may sell off some of its portfolio on the secondary market... It was one of fintech's most active corporate venture investors, pumping more than $850 million into companies like Anchorage Digital, Divvy, and Plaid.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.