Promoting Economic Facilitating Small Business Lending Investing for Fintech Innovation This year, we added to our credit offerings with the In 2022, we reached a new milestone of facilitating Through PayPal Ventures, our corporate venture capital 23 access to over $25 billion in capital for SMBs since arm, we strategically invest in promising financial Opportunity PayPal Business Cashback Mastercard, which enables small business owners to get unlimited 3% cash back on 2013 through more than 1.2 million loans as part of our technology, commerce, infrastructure and blockchain for SMBs & all PayPal purchases and 2% cash back on everything merchant financing solutions, including PayPal Working startups to help bring transformative solutions to market. 26 else with no annual fee, so they can earn rewards on Capital and PayPal Business Loans. To expand our Since its inception in 2017, PayPal Ventures has made Entrepreneurs purchases to reinvest in their business.24 reach and support SMBs in new markets, this year we more than 65 investments totaling $1.35 billion. New We launched the Venmo Business Grant Program, launched PayPal Working Capital in France and the investments in 2022 included the following: We believe our platform, products and services an initiative designed to support emerging and small Netherlands. • Forage builds payments infrastructure that processes can help to support the operations and growth of business owners using Venmo Business Profiles. Twenty government benefits, starting with SNAP EBT (food entrepreneurs and SMBs. Beyond providing SMBs with finalists each received a $10,000 grant to use toward $4.2B+ $25B+ 1.2M+ stamps) online, enabling 42 million Americans to a suite of business-critical products and services, we business expenses, as well as technical spend their food benefits on the internet. also establish partnerships, conduct research and advice and mentorship from PayPal and 2 million+ in access to in access to loans to SMBs advocate to enhance opportunities for businesses Venmo capital for SMBs capital for SMBs since 2013 • Northstar makes it easier for employees to access globally, particularly those businesses from historically Venmo employees and our partners Start Business in 2022 since 2013 affordable, personalized financial advice by working Small, Think Big and Taproot Foundation. Profiles25 underserved and underbanked communities. with leading companies to provide financial wellness We enhanced PayPal’s complete payments solution for Supporting Sun Market Through a tools. Supporting SMBs With New Products SMBs, providing simplified checkout options and more Venmo Business Grant • Paymob develops financial technology solutions that & Partnerships payment choices to improve customer experience and power millions of transactions and fuel the growth of help drive checkout completions. Sun Market provides access to organic, locally businesses of all sizes across the Middle East, Africa We expanded the global availability of select products to grown and affordable produce for food-insecure and Pakistan. help deliver a flexible in-store checkout experience by: Happy Returns partnered with Shopify to launch communities. As a Venmo Small Business Grant Return Shopping, a free feature allowing Shopify recipient, founder Gabbie Atsepoyi • Xepelin created a financial services platform to help • Extending the availability of the Zettle Terminal mobile merchants, many of whom are SMBs, to re-engage will now be able to sell produce provide fair and efficient access to resources and point-of-sale device to merchants in the U.S. customers during the return process. Merchants can at half price to families, build capital for SMBs in Latin America. • Launching Tap to Pay with Zettle by PayPal for SMBs waive processing fees on returns and offer customers another storage facility and create in the Netherlands, Sweden, the U.K. and additional discounts to incentivize the purchase of new items an online marketplace to extend markets across Europe, enabling individual sellers from their websites. It also helps merchants simplify access to fresh produce. Gabbie Atsepoyi “ While one in eight Americans receives government and small businesses to accept contactless payments their accounting and financial reporting by keeping Founder, Sun Market assistance to buy groceries, until recently, recipients in person on their Android mobile devices with no the transactions separate. Venmo Business Grant Recipient were unable to use their benefits online. At Forage, additional fees. our mission is to democratize access to government benefits, and PayPal Ventures’ funding will help us Delivering Efficient Payments to Freelancers to expand the acceptance Learn more about SMBs that have of SNAP EBT payments found success with the help of With Mastercard, we introduced the Hyperwallet Original Credit Transaction, online for low-income PayPal products by visiting our which supports large businesses and marketplaces in delivering quick Americans.” Ofek Lavian Small Business Spotlight series. and secure payments to contract workers, freelancers and others, helping Co-Founder & CEO, Forage payees receive earned money almost instantly. The service launched in select markets in Europe in 2022. 23 24 25 26 PayPal Business Credit Card is offered Purchases and other transactions subject to credit approval. See the Business Cash Rewards Terms and Conditions for details. To earn Business Cash Since launch through The lender for PayPal Working Capital, PayPal Business in collaboration with Concerto Card Rewards on eligible purchases, you must have an open Business account with PayPal to which your Business Card is linked. If your Business account with December 31, 2022. Loan and PayPal Loan Builder is WebBank. Company and WebBank. PayPal is closed for any reason, you will no longer be able to earn Business Cash Rewards and will forfeit any remaining Business Cash Rewards balance.