Singapore fintech investor Arbor Ventures adds partner
Singapore-based global financial technology investor Arbor Ventures has appointed Peter Sanborn, who formerly held several senior corporate development roles at PayPal, as a general partner.
He will join the firm's early-stage investment team, leading the Arbor B-Flexion Growth Fund. The vehicle is building a portfolio of growth-oriented operating businesses through a series of partnerships with entrepreneurs.
Sanborn's arrival increases Arbor's general partner-level cohort to three. The firm continues to be led by co-founders Melissa Guzy and Wei Hopeman, who serve as managing partners. Founded in 2013, Arbor raised USD 125m and USD 220m, respectively, for its first two funds. According to AVCJ Research, Fund III launched in late 2021 with a target of USD 300m.
Based in San Francisco, Sanborn spent nearly eight years at PayPal, latterly in the role of vice president and head of corporate development and managing partner of PayPal Ventures. He was a founding member of the PayPal Ventures team and participated in investments in the likes of India's Pine Labs, Korea-based Viva Republica, and Japan's Paidy.
Prior to PayPal, Sanborn worked in financial services for HSBC in Asia and Latin America, focusing on M&A across banking, insurance, consumer finance, and asset management.
"[Peter] 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," Guzy said in a statement. "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."
Arbor targets companies that leverage advanced technologies such as artificial intelligence, cloud computing, composable service offerings and blockchain applications to facilitate, broaden or fundamentally change the way financial services are served, consumed, and managed. Notable investments include Paidy, True Accord, Forter, Nomi Health, Tabby, Fundbox, and HiBob.
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