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Change the World

Brandon Smith—Coutesy of PayPal

48

PayPal

PYPL

U.S.

America’s largest player in online payments (with 237 million accounts), PayPal is harnessing its huge scale to increase access to financial services for underbanked populations—and boosting the economy as a result. Over the past five years, for example, the company has loaned more than $5 billion to 150,000 small businesses—especially those in regions that lost brick-and-mortar bank branches after the financial crisis—through its Working Capital offering, which lets borrowers pay back the money with a cut of their PayPal sales. It has also mobilized the generosity of its vast community, with $8.5 billion donated to charity by PayPal customers and merchants in 2017.

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Impact Segment

Economic Opportunity/Financial Inclusion

Sector

Business Services

Industry

Financial Data Services

CEO

Daniel Schulman

Employees

18,700

Company Type

Public

Revenues ($M) (Last Fiscal Year)

$13,094

Profits ($M) (Last Fiscal Year)

$1,795

Market Value ($M)

$103,560

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