PayPal Announces Investments to Advance Economic Empowerment for Women and Girls

About this update from Paypal Holdings, Inc.

[{"type":"text","content":"SAN JOSE, Calif., Oct. 18, 2023 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that it has invested in Sweef Capital's Southeast Asia Women's Economic Empowerment Fund (SWEEF) and Quona Opportunity Fund to support their shared mission to advance women's inclusion in the global economic and financial system.\n\nThe investments are part of PayPal's 2021 $108 million commitment under the UN Generation Equality Forum to advance financial inclusion and economic empowerment for women and girls. They are the first of the company's forthcoming $100 million in capital investments into funds and other initiatives that are led by women or focused on serving women.\n\"When women are economically empowered, they not only elevate themselves – they also enrich their families and communities, and propel the global economy forward,\" said Gabrielle Rabinovitch, PayPal's Acting Chief Financial Officer. \"Through our strategic investments in Sweef Capital and Quona Opportunity Fund, which are committed to catalyzing enduring change across vital global markets, we will forge new pathways of opportunity and help advance women in the global economy.\"\nSingapore-based Sweef Capital is dedicated to enhancing lives and highlighting women's potential across Southeast Asia. Sweef Capital is a woman-led fund which focuses on opportunities that respond to underserved markets and challenges in Southeast Asia. The fund's industry leading approach is aimed at leveraging investments that create a multiplier effect, improving sustainable livelihoods, promoting quality education, creating decent work, fostering good health, and increasing economic growth. They seek opportunities in women-led enterprises, those primarily staffed by women, and organizations exemplifying gender equality and diversity.\n\"PayPal has long been an innovation leader and trailblazer at the intersection of technology and finance,\" said Jennifer Buckley, Sweef Capital's Managing Director. \"It paved the way for many other entrepreneurial businesses. Like us, PayPal recognizes gender-smart investment as the next wave of opportunity, and a way to deliver robust financial returns and societal dividends. We look forward to working together to take this opportunity mainstream.\"\nQuona Opportunity Fund is part of Quona Capital, a venture firm that backs leading founders ...

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