Venmo
Sign in to saveVenmo is an American mobile payment service founded in 2009 and owned by PayPal since 2013. Venmo is aimed at users who wish to split their bills. Account holders can transfer funds to others via a mobile phone app; both the sender and receiver must live in the United States. Venmo also operates as a small social network, as users can observe other users' public transactions with posts and emoticons. In 2021, the company handled US$230 billion in transactions and generated US$850 million in revenue.
Key facts
- Software.name
- Venmo
- Software.logo
- Venmo Logo.svg
- Software.logo size
- 200px
- Software.developer
- Venmo, LLC (subsidiary of PayPal)
- Software.language
- English
- Software.operating system
- Android, iOS
via Wikipedia infobox
Article
13 sectionsContents
- History
- Company Acquired
- Payment Policy Changes
- Cryptocurrency
- Products
- Venmo MasterCard
- Social component and privacy
- Security
- Criticism and controversies
- Privacy concerns
- Consumer Financial Protection Bureau probe
- References
- External links
Venmo is an American mobile payment service founded in 2009 and owned by PayPal since 2013. Venmo is aimed at users who wish to split their bills. Account holders can transfer funds to others via a mobile phone app; both the sender and receiver must live in the United States. Venmo also operates as a small social network, as users can observe other users' public transactions with posts and emoticons. In 2021, the company handled US$230 billion in transactions and generated US$850 million in revenue.
By default, Venmo publishes every peer-to-peer transaction (excluding the amount), a feature shown by researchers to reveal sensitive details about users' lives in some situations. In 2018, the company settled with the Federal Trade Commission (FTC) about several privacy and security violations related to this and other features, and made changes to the corresponding settings. However, Venmo continued to attract criticism for exposing users to possible privacy risks.
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2009 establishments in New York (state)2009 establishments in Pennsylvania2012 mergers and acquisitions2013 mergers and acquisitionsAmerican companies established in 2009Companies based in New York CityFinancial services companies established in 2009Mobile payments in the United StatesPayment service providersPayPalSoftware companies based in New York (state)