Founded in 2009 by Andrew Kortina and Iqram Magdon-Ismail, Venmo began as a peer-to-peer (P2P) payment platform designed for sending and receiving money between friends and family. It was acquired by Braintree in 2012, which was subsequently acquired by PayPal in 2013. Venmo's service is distinguished by its social-media-like feed, where users can share their transaction descriptions with a network of friends. Beyond P2P payments, the platform has expanded its services to include the Venmo Debit Card, Venmo Credit Card, direct deposit features, business profiles for small enterprises, and the ability to buy, sell, and hold cryptocurrencies directly within the app. The company's mission is to connect the world and empower people through payments.

Founded in

United States