REVENUE : US $ 2.4BN FY 2023 ( PROJECTED )

EMPLOYEES : 724

FOUNDERS : ANDREW KORTINA AND IQRAM MAGDON-ISMAIL

FOUNDED : 2009

In recent years , Venmo has emerged as synonymous with transferring funds among friends and family in the US . Originating as a basic SMS platform for monetary exchanges , Venmo has transformed into a social payments application and has introduced a host of features . These include capabilities for dividing expenses and offering exchange experiences , as well as payments alone . Venmo was founded by college roommates seeking an improved method of transferring funds among themselves in 2009 . Today , it has 60 million users and processes hundreds of millions of transactions across the US . Venmo is wholly-owned by PayPal .

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