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.
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.
Apps and channels of Venmo
Venmo publishes 2 mobile apps with over 50M+ downloads.
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 $1.2M
- Total Rounds 4
- First Round $100,000
(Dec 2009)
- Investors Count 7
All 4 funding rounds of Venmo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2012 | – | Series B | – | – | |
| Aug 2011 | – | Series A | – | – | |
| May 2010 | $1.2M | Seed | – | – | |
| Dec 2009 | $100,000 | Debt – Convertible | – | – | – |
9 investors in total: 9 institutional.
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 |
|---|---|---|---|---|
Venture capital investments are offered to startups by NEA. | – | nea.com | Menlo Park, United States | |
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
VC firm investing in seed and early stage companies in the US | – | rre.com | New York, United States | |
USA focused VC firm investing in seed and early stage startups | 2010 | lererhippeau.com | New York, United States | |
Multiple sectors are targeted for venture capital investments by Greycroft. | – | greycroft.com | New York, United States | |
Investing in creators, organizing AI events, and building community in New York. | – | betaworks.com | - | |
Venture capital firm focused on tech sectors | – | foundercollective.com | Cambridge, United States | |
Online payment solutions are offered to consumers and businesses. | 1998 | paypal.com | San Jose, United States | |
Payment gateway solutions are provided for online businesses and marketplaces. | 2007 | braintreepayments.com | Chicago, United States |
Investor details for Venmo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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People of Venmo
1072 people are tracked at Venmo (372 in leadership, 11 in board & advisors, 689 in team).
| Name | Role | Group |
|---|---|---|
Alli Comeau | Head Of Partnership Marketing | Leadership |
Eugenio Piccolo | Senior Partner Success Manager | Leadership |
Kc Sin | Head Of International Compensation And Regulatory Compensation Lead | Leadership |
Kerri Warner | Head Of Employee Communications, Culture & Engagement | Leadership |
John Verdi | Senior Director, Global Privacy (legal) | Leadership |
Michele Hungerford | Director, Automation & Technology Business Program Management | Leadership |
Mike Peterson | Director Of Finance, Technology | Leadership |
Sylvia Wood | Senior Director | Leadership |
Rhodri Jones | Head Of Legal, Paypal UK Ltd | Leadership |
Nath Parameshwaran | Director, Corporate Affairs, India And South Asia | Leadership |
Brian Heffernan | Director Data Science | Leadership |
Reese Haydon | Senior Director, Head Of Executive Talent & Learning | Leadership |
Alexandra Hughmanick | Relationship Manager, Channel Partner Marketing | Leadership |
Karen Kaskel | Executive Assistant To Svp, Chief Communications And Corporate Affairs Officer | Leadership |
Ravi Retineni | Director, Data Engineering And Architecture | Leadership |
Elizabeth Casey | Head Of Social Marketing | Leadership |
Ramesh Murugan | Senior Director, Employee Technology & Experiences | Leadership |
Sarah Deaton | Retired, Vice President, Global Customer Support: Global Brands, Latam & Enablement | Leadership |
Srini Venkatesan | Executive Vice President And Chief Technology Officer | Leadership |
Senthil Vellaichamy | Senior Director Of Engineering | Leadership |
1052 more people are available in the full profile.
Complete people profiles for Venmo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| verse.me | 2015 | Barcelona, Spain | $68.25M | – | Digital wallet for consumer and business payments is provided. | |
| splitwise.com | 2011 | Providence, United States | $30.48M | 18 | Expenses are shared and tracked among friends via mobile app. | |
| nala.com | 2017 | Nairobi, Kenya | $50.15M | – | Cross-border remittances are enabled online for individuals worldwide. | |
| papara.com | 2016 | Istanbul, Turkey | – | – | Money transfers and bill payments are enabled via mobile wallet. | |
| zilch.com | 2018 | London, United Kingdom | $390.12M | – | Direct-to-consumer ad-subsidised payments network | |
| qiwi.com | 2008 | Moscow, Russia | – | – | Consumer payments are enabled via a card-linked wallet app. | |
| joinkudos.com | 2021 | Remote, United States | $40.38M | – | Kudos is focused on enhancing credit card rewards. |
Detailed competitors of Venmo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
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Web traffic of Venmo
The website of Venmo (venmo.com) receives about 18.1M visits a month and ranks #2,346 among all websites worldwide, #141 in Banking Credit and Lending.
- Monthly visits18.1M
▲ 1.4% vs previous month
- Unique visitors9.4M
per month
- Global rank#2,346
among all websites
- Category rank#141
Finance · Banking Credit and Lending
- Bounce rate32%
- Pages per visit5.0
- Average visit2 min 58 sec
- DevicesDesktop 39% · Mobile 61%
Websites whose visitors overlap most with Venmo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| chase.com | 100% | 198.6M | #125 | View details | |
| capitalone.com | 96% | 148.4M | #178 | View details | |
| paypal.com | 95% | 487.9M | #58 | View details | |
| bankofamerica.com | 94% | 113.9M | #258 | View details | |
| americanexpress.com | 94% | 107.4M | #276 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Venmo
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Venmo
Complete news archive for Venmo
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Venmo
10 companies that operate in the same segment as Venmo (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.73 B | USD 2.98 B | 2,300 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | – | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | – | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | – | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | – |
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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 Debt – Convertible of $100K, raised on Dec 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.
Venmo operates through Paypal, Inc..
Yes. Venmo was acquired by PayPal in November 2021.
Yes. Venmo publishes Venmo and 1 more app, with over 50 million downloads.
The website of Venmo receives about 18.1 million visits a month and ranks #2,346 among all websites worldwide.