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Serial entrepreneur and investor Wences Casares, whose success story has been a testament to Endeavor’s model, was named to the Board of Directors at payments giant PayPal. One of the first entrepreneurs selected by Endeavor, Wences has been involved in a number of successful ventures – including Patagon.com, Lemon Wallet and Xapo – and has transitioned to serve as a top mentor and investor for the network.
Originally from Argentina, Casares was chosen because of his reputation as a successful international fintech entrepreneur and renown as a next-generation payments and Bitcoin thought leader. He will serve alongside nine other board members that include eBay founder Pierre Omidyar and eBay CEO John Donahoe. Currently, Casares serves as the founder and CEO of Xapo, a company that provides the tools people need to purchase Bitcoins and then manage them through an easy-to-use online wallet, spend them through the Xapo Debit Card, or store them in Xapo’s secure Vault.
“I am honored to serve on the board of an iconic global company dedicated to driving the transformation of money on a global scale,” Casares said. “I look forward to working together with the PayPal board and leadership team to continue to deliver their compelling vision.”
For over a decade, Wences has worked closely with Endeavor, initially to access capital and mentorship through the Endeavor Investor Network and VentureCorps, and then to serve as an investor, mentor and Board Member himself. He was selected by Endeavor in 1999 after founding Argentina’s first ISP as well as Latin America’s premier online brokerage, Patagon. He later founded Banco Lemon, a Brazilian retail bank, as well as mobile payments companies Bling Nation and Lemon Wallet, which was acquired in 2013.
Read more about the news from PayPal, in Fortune Magazine, and in CNN Money.
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