PayPal has faced mounting competitive pressure from embedded wallet providers such as Apple Pay and Google Pay.
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The business is comprised of Seneca Resources, a Houston-based natural gas E&P, and National Fuel Gas Midstream.
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The fund targets private companies with strong execution, high growth and established leadership that operate in large addressable markets and benefit from sustained technological innovation.
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XRG, the energy investment arm of ADNOC, is among the potential bidders and is considering an investment of up to 50 percent in Energos.
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OpenZeppelin provides onchain security assessments, secure development services and open-source smart contract infrastructure.
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