Infinity Ventures

Infinity Ventures is an early-stage venture capital firm focused on B2B fintech and commerce enablement. It invests from pre-seed through Series A on a global basis, targeting modern fintech solutions serving businesses (SMB to enterprise) or their customers (B2B2C), companies providing core underlying fintech infrastructure, and core platforms or embedded solutions for commerce — including checkout conversion, cross-sell and end-to-end commerce experience. Stated initial check sizes are $1M–$1.5M at pre-seed, $2M–$4M at seed and $5M–$10M at Series A; the Fund I snapshot lists smaller ranges of $250K–$1M, $1M–$3M and $5M–$8M respectively. Third-party profiles list an average check range of $500K–$10M and note the firm can lead rounds.

The firm's thesis is that much of the consumer fintech built over the past decade sits on roughly two-decade-old infrastructure, and that a new generation of fintech infrastructure is needed to address access, utility, flexibility and cost. Beyond capital, the team positions itself as "operators-first, investors-second," working with portfolio companies on product strategy and roadmap, distribution and go-to-market, customer deals, and board-level advice. The firm reports that its team has made over 50 investments in fintech and commerce enablement and deployed over $20B across seed to late-stage rounds, individual and company secondaries, PIPEs, transformational and roll-up M&A, and LP secondaries, with collective experience spanning 15 unicorns (including Plaid, Acorns and Extend), 25+ co-investors and $420M across 37 investments.

Founding story

Infinity Ventures was founded in 2021 by three former PayPal executives — Jeremy Jonker, Jay Ganatra and Mario Ruiz — who describe the firm as an intensification of the work they began at PayPal. Jonker spent nearly a decade at PayPal across M&A, PayPal Ventures, global pricing, finance, partnerships, product and engineering, co-founded PayPal Ventures, and worked on acquisitions including Braintree, Venmo, Xoom, Paydiant, Hyperwallet, Swift Financial, iZettle, Go Pay and Honey, having earlier been Head of M&A at Sabre Holdings and an investment banker at JP Morgan. Ganatra ran the day-to-day of PayPal Ventures and previously led M&A at Yelp, where he worked on the Eat24 acquisition and became GM of Online Ordering, with earlier roles at Industry Ventures, Sabre and Cogent Partners. Ruiz was a venture investor at PayPal Ventures and Dorm Room Fund and a growth equity investor at Napier Park Global Capital, beginning his career at Barclays; he led PayPal's fund investments into 19 underrepresented fund managers and co-founded Dorm Room Fund's Blueprint Track.

Business model

Infinity Ventures operates as a venture capital fund manager, raising capital from limited partners into discrete funds (Fund I and a $184M Fund II) and deploying it as equity investments in early-stage companies, with returns generated through exits. Alongside capital, the firm provides operational and strategic support to portfolio companies, including go-to-market, scaling, customer introductions and board advisory.

As a venture capital manager, the firm's economics derive from managing committed limited partner capital in its funds, including a $184M Fund II, with returns realized through the appreciation and exit of equity stakes in portfolio companies. Specific management fee and carried interest terms are not disclosed.

Traction

The firm reports 37 investments totaling $420M and collective experience spanning 15 unicorns, 25+ co-investors and over 50 fintech and commerce enablement investments by its team, which has deployed more than $20B across stages. Press coverage from 2024 cited a portfolio of 23 companies and a 95% founder recommendation rate. The published portfolio spans roughly three dozen companies, including Rainforest (payment facilitator-as-a-service), Vinyl Equity (modern transfer agent), Mendel (expense management and corporate travel in Latin America), Vizit (AI visual asset optimization), Replo (no-code Shopify storefront builder), Canopy (loan management and servicing), Kanmon (embedded lending for vertical SaaS), Pagos (payment intelligence), Neo.Tax (AI tax automation), Sensible Weather (embedded weather protection insurance), SimpleClosure (business shutdown automation), FairPlay (fairness-as-a-service), Garage (equipment marketplace), Kingpin (emerging-markets B2B marketplace), Fintary (insurance revenue reconciliation), Badge (mobile wallet engagement), Fanfare (product launch commerce infrastructure), Mayple (global logistics), RepRally (wholesale distribution), Deck, GiveCard, Mason, Card91, Botika and Postscript.

Latest developments

The most recent announced development is the close of the firm's $184M Fund II, which will be invested in pre-seed to Series A rounds in fintech and digital commerce enablement companies globally and represents a scale-up from the firm's prior fund. Alongside the new fund, the firm raised its initial check sizes to $1M–$1.5M at pre-seed, $2M–$4M at seed and $5M–$10M at Series A, and continues to add portfolio companies across payments infrastructure, embedded finance, AI-enabled commerce and compliance.