Venmo
Venmo is an American peer-to-peer payments app owned by PayPal. Known for social payment feeds and simple username transfers, it expanded into a debit card, crypto trading (in periods) and business profiles—sitting beside Cash App in U.S. consumer payments.1
History
Venmo was founded in 2009, acquired by Braintree and then by PayPal. It became culturally synonymous with splitting bills among younger Americans and later added banking-adjacent features through PayPal’s licences and partner banks.2
Founders
Andrew Kortina and Iqram Magdon-Ismail co-founded Venmo. After acquisition, product direction sat inside PayPal’s consumer organisation.
Model
Venmo is a payments product under PayPal’s regulatory umbrella and partner-bank card programmes—not a standalone chartered neobank.
Products
Products include P2P payments, Venmo Debit Card, instant transfers, business profiles and checkout integrations across PayPal commerce.
References
- Venmo is PayPal's U.S. peer-to-peer payments app. https://venmo.com/
- Venmo was acquired via Braintree by PayPal. https://www.paypal.com/
Frequently asked questions
- What is Venmo?
- Venmo is a U.S.
- When was Venmo founded?
- Venmo was founded in 2009.
- Who founded Venmo?
- Venmo was founded by Andrew Kortina, Iqram Magdon-Ismail.
- What type of company is Venmo?
- Venmo is described as PayPal product in its neobank.wiki profile.
See also
- Airwallex — Airwallex is an Australian-founded business fintech for global accounts, payments and spend management.
- Alex Johnson — Alex Johnson is the founder of Fintech Takes, a widely read fintech newsletter and podcast; he is active on X as @AlexH_Johnson.
- Alexandre Prot — Alexandre Prot is co-founder and CEO of Qonto, the Paris-based European business neobank.
- Ali Niknam — Ali Niknam is founder and CEO of Bunq, the Amsterdam-based licensed Dutch neobank.
- Ally Bank — Ally Bank is a large U.S. online bank offering deposits, loans and investment products without branches.