About Venmo
Venmo is a company based in New York (United States) founded in 2009 was acquired by PayPal in November 2021. Venmo has raised $1.2 million across 4 funding rounds from investors including PayPal, Accel and Lerer Hippeau. Venmo offers products and services including Venmo App, Venmo Debit Card, and Venmo Credit Card. Venmo operates in a competitive market with competitors including MoneyGram, Verse, Splitwise, NALA and Papara, among others.
- Headquarter New York, United States
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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- Legal Name Paypal, Inc.
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Products & Services of Venmo
Venmo offers a comprehensive portfolio of products and services, including Venmo App, Venmo Debit Card, and Venmo Credit Card.
App for social money transfers and payments to friends and businesses.
Card for spending balance with cash back offers and no monthly fees.
Card offering cash back on purchases with no annual fee.
People of Venmo
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Software Development Team
374 people
Leadership Team
144 people
Sales and Marketing
97 people
Data Analysis and Operations Team
76 people
Product Management Team
56 people
Senior Team
36 people
Finance and Accounting
35 people
Operations Team
34 people
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Funding Insights of Venmo
Venmo has successfully raised a total of $1.2M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(07 Dec 2009)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2012 | Amount | Series B - Venmo | Valuation |
investors |
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| Aug, 2011 | Amount | Series A - Venmo | Valuation |
investors |
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| May, 2010 | Amount | Seed - Venmo | Valuation |
investors |
Investors in Venmo
Venmo has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include PayPal, Accel and Lerer Hippeau.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are offered to startups by NEA.
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Accel is recognized as a leading venture capital firm.
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VC firm investing in seed and early stage companies in the US
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Founded Year | Domain | Location |
Investments & Acquisitions by Venmo
Financial Statements - Venmo
Venmo Comparisons
Competitors of Venmo
Venmo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, Verse, Splitwise, NALA and Papara, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Digital wallet for consumer and business payments is provided.
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| domain | founded_year | HQ Location |
Expenses are shared and tracked among friends via mobile app.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled online for individuals worldwide.
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| domain | founded_year | HQ Location |
Money transfers and bill payments are enabled via mobile wallet.
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Frequently Asked Questions about Venmo
Venmo was founded in 2009.
Venmo is headquartered in New York, United States. It is registered at New York, New York, United States.
Venmo is a funded company, having raised a total of $1.2M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on Dec 07, 2009.
Venmo was founded in 2009 and is headquartered in New York, United States, within the fintech sector. Operations focus on a mobile application that supports digital wallet services for peer-to-peer money transfers, in-store transactions, online purchases, and bill settlements. Features also allow splitting of shared costs for activities like meals or events. The app is accessible on both iOS and Android platforms.
Venmo offers Venmo App, Venmo Debit Card, and Venmo Credit Card.
Venmo has 9 investors. Key investors include PayPal, Accel, Lerer Hippeau, Braintree, and NEA.