Founded
2009
Users
90M+
Total Funding
$1.3M (pre-acquisition)
Employees
700+
🏢 Company Overview
Headquarters
New York, USA
Funding Stage
Public Company
Total Funding
$1.3M (pre-acquisition)
Users
90M+
Pricing
freemium
Rating
★ 4.1
AML Compliant
PCI DSS
Payment License
FDIC Insured
FDIC pass-through insurance on direct deposit and check capture funds
ℹ️ About Venmo
Venmo is a mobile P2P payment app enabling instant money transfers, bill splitting, and social payments across the United States.
⚡ Key Features
Instant peer-to-peer money transfers via app
Social feed with transaction activity sharing
Mastercard debit card with ATM access
In-app cryptocurrency buy sell and hold
QR code contactless merchant payments integration
Group bill splitting with automatic requests
💪 Strengths & Weaknesses
4 Pros
3 Cons
💪
Strengths
What it does well
Free bank-funded P2P transfers
Massive US user network
Intuitive social payment experience
Broad merchant acceptance via PayPal
⚠️
Weaknesses
Areas to improve
United States availability only
Public transactions set by default
Instant transfer incurs 1.75% fee
💬 User Reviews
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🔗 External Resources
🌍 Available In
1 countries
United States
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Venmo
4.1 ★