PayPal Ventures has announced a strategic pause in its operations. The corporate venture arm, which has invested in over 80 companies including crypto bank Anchorage Digital and fintech Plaid, will wind down as part of the company’s restructuring efforts led by new CEO Enrique Lores.

Lores took over from Alex Chriss amid industry changes and underperforming expectations. Without its venture arm, PayPal risks losing insight into emerging fintech innovations that could shape future financial services.

The decision follows a series of cuts and layoffs within the company and comes amidst ongoing legal challenges related to an investment program targeting minority-owned businesses in 2020.

Despite the pause in new investments, Lores remains committed to PayPal’s technological repositioning, particularly around AI. This may signal that corporate venture investing could make a comeback for PayPal.