Arbor Ventures, a global venture capital firm investing at the intersection of financial services and technology, announced the appointment of Peter Sanborn, a former senior leader at PayPal, as its first General Partner. Peter will join Arbor’s early stage investment team and will also be responsible for leading growth-stage investments for the Arbor B-FLEXION Growth Fund.
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“I am thrilled to join Melissa and the firm, which has an extensive international network, deep sector expertise and long-term approach to support entrepreneurs and businesses building the next generation of financial products and services.”
“We are delighted to welcome Peter to Arbor Ventures,” said Melissa Guzy, Managing Partner and Founder of Arbor Ventures. “He brings with him a wealth of global experience that is directly aligned with our mission of partnering with innovators to shape a smarter financial future. In addition to complementing the team, Peter will extend Arbor’s capabilities to a multi-stage platform that can flexibly support founders from their earliest days through their growth stages and beyond.”
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“I’ve witnessed first-hand the development and transformation of payments, fintech and commerce over the last seventeen years at PayPal and HSBC, but I strongly believe we are still in the early innings of re-architecting traditional financial services on a global scale,” said Peter Sanborn, General Partner, Arbor Ventures. “I am thrilled to join Melissa and the firm, which has an extensive international network, deep sector expertise and long-term approach to support entrepreneurs and businesses building the next generation of financial products and services.”
Peter is based in San Francisco and joins from PayPal where he served for nearly eight years, most recently as Vice President, Head of Corporate Development and Managing Partner of PayPal Ventures. At PayPal, Peter was a founding member of PayPal Ventures and his experience includes investments across the U.S., Asia, Latin America, Europe and Africa in Divvy, Toss, Pine Labs, Acorns, Tala, Paidy, Paxos, Codat and Neon, among other companies. He helped manage the acquisitions of Xoom, Swift Capital, Hyperwallet, Honey, Happy Returns and Curv as well as $100 million in investments into 19 underrepresented venture capital fund managers as part of PayPal’s initiative to promote racial equity. Prior to PayPal, Peter worked in financial services at HSBC in Asia (Hong Kong) and Latin America (Mexico City), focusing on banking, insurance, consumer finance and asset management M&A transactions
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