Alex Libman ’19 pitched PayPal Holdings, Inc. (PYPL) to the Student Managed Investment Fund (SMIF) on February 26, 2019. PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory. The company is poised to significant growth with the implementation of Venmo Smart Buttons, increasing active users and continuous M&A activity. The class voted to buy 120 shares of PYPL at $95.18.