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PayPal
PayPal, co-founded by Peter Thiel in 1998, embeds savings, crypto, and credit products inside a payments network that reaches 429 million active accounts.
PayPal
From paying friends to saving money or getting cash back when you shop, explore what the new PayPal app has to offer.
General information
Firm type
Asset Manager
Year founded
1998
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Jose
Corporate office
San Jose, CA, United States
Principals
Alex Chriss
President and CEO
Sector focus
Frequently asked questions
Does PayPal operate a dedicated asset management arm?
No. PayPal does not have a standalone asset management subsidiary or a registered investment advisor that manages portfolios on behalf of institutional allocators. Its consumer-facing treasury products — the high-yield savings account, cryptocurrency trading, and cash-back programs — sit inside the parent operating company and are not structured as a traditional fund complex.
How does PayPal generate revenue from its savings and crypto products?
PayPal earns net interest margin on customer deposits held in its PayPal Savings accounts, which are custodied at Synchrony Bank. On the crypto side, the company collects a spread on buy and sell transactions. Neither product charges an explicit asset-management or advisory fee, which is why PayPal does not report an AUM figure in the way an asset manager would.
Who makes investment and product decisions for PayPal's treasury products?
Product decisions ultimately sit with President and CEO Alex Chriss, who joined in September 2023 after a long tenure at Intuit. Day-to-day product management for the savings, crypto, and credit portfolios is distributed across PayPal's consumer and merchant product organizations; the company does not name a single CIO-equivalent for its investment products.
Can external investors allocate capital to a PayPal-managed fund?
No. PayPal does not manage or distribute any pooled investment vehicles, private funds, or separately managed accounts. The financial products available on the PayPal platform are all consumer-direct — available only to individuals who open a PayPal account — and there is no institutional-capital channel.
What regulatory permissions does PayPal hold for its financial products?
PayPal operates under state money-transmitter licenses in the United States and holds a BitLicense from the New York Department of Financial Services for its crypto activities. It is not regulated as an investment adviser under the Investment Advisers Act of 1940. The PayPal Savings product is provided through a partnership with Synchrony Bank, which holds the FDIC-insured deposits.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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