PayPal invests $50m in eight black and Latinx-led venture funds

PayPal Holdings Inc is investing $50 million in eight eight early-stage, Black and Latinx-led venture capital funds: Chingona Ventures, Fearless Fund, Harlem Capital, Precursor Ventures, Slauson & Co., VamosVentures, Zeal Capital Partners and one additional unidentified fund.