Venmo

Venmo

A mobile application, owned by PayPal, that allows users to make fast and direct money exchanges, which can then be transferred directly to the user's bank account.

Venmo is a company owned by PayPal that was founded in 2009 by Andrew Kortina and Iqram Magdon-Ismali. It is best known for its role in cashless money exchange amongst peers.

Timeline

January 4, 2021
Venmo says it is launching a check cashing feature for both its Android and iOS apps for "eligible" users in the US.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Venmo seed round
1,200,000
May 7, 2010
2 Results
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People

Name
Role
LinkedIn

Aaron Sittig

Investor

Adam Ludwin

Investor

Alan Vaynerchuk

Investor

Ben Guo

Employee

Bryan Cartwright

Employee

Cale Rogers

Employee

Cody De La Vara

Employee

Dave Morin

Investor

David Friedman

Employee

Dustin Moskovitz

Investor

Elan Arbitsman

Employee

Eric Wiesen

Investor

Esther Jang

Employee

Gary Vaynerchuk

Investor

Ian Sigalow

Investor

Jacob Boerema

Employee

Jacqui Maguire

Employee

James D Robinson

Advisor

James Turnbull

Employee

Jenny Stanchak

Employee

Jesse Bentert

Employee

Joel Witten

Employee

John Downey

Employee

Jordan Cooper

Investor

Jorge Escobar

Employee

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Further reading

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Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Mark Jansen
January 15, 2021
Digital Trends
Are you looking for the best apps for your iPhone? We take a deep dive into what the App Store has to offer, finding you the best options sorted by category.
Laura Grace Tarpley
January 13, 2021
Business Insider
The Venmo app lets you transfer money digitally, but you can also use it to set up direct deposits, receive your paycheck early, and earn cash back.
Rachel Green
January 6, 2021
Business Insider
Venmo is debuting a mobile check cashing feature and waiving fees when used to cash a stimulus check.
Adriana Nunez
January 5, 2021
Business Insider
PayPal's Venmo just launched a check-cashing feature, which select customers can use to cash their stimulus checks for free for a limited time.
Anthony Ha
January 4, 2021
TechCrunch
Google employees take another step in their activism, Venmo adds a check-cashing feature and Slack has some issues. This is your Daily Crunch for January 4, 2021. The big story: Hundreds of Google and Alphabet employees unionize More than 200 employees at Google and its parent company Alphabet have announced that they have formed the [...]
Kim Lyons
January 4, 2021
The Verge
PayPal-owned banking app Venmo is launching a check cashing feature for both its Android and iOS apps for "eligible" users in the US. Cash a Check will allow users to snap a photo of a check and deposit it into a Venmo account. Some fees will apply.
Sarah Perez
January 4, 2021
TechCrunch
Venmo this morning announced it will begin to offer a new check-cashing service, "Cash a Check," in the Venmo mobile app. The feature, which is being rolled out to select users starting today, can be used to cash printed, payroll and U.S. government checks, including the new stimulus checks, the company says. Though typically there [...]
Adriana Nunez
December 24, 2020
Business Insider
PayPal cut its check-cashing fees and automatically distributing stimulus funds for users who used the service the first time around.
Annie Musgrove
December 17, 2020
Tech.eu
French financial services platform Lydia has announced a whopping extension of its Series B round, raising an additional $86 million led by Accel. The round now rests at $131 million, which it claims is the largest round ever raised by a French fintech startup. All other major existing shareholders participated, too. Amit Jhawar, the former [...]
Dave Johnson
December 3, 2020
Business Insider
You can use Venmo to make and receive payments from your contacts and others by connecting the platform to your bank account and credit cards.
Sarah Perez
December 2, 2020
TechCrunch
Step, a mobile banking service aimed at teens, announced this morning it has raised $50 million in Series B funding after growing to over 500,000 users only two months after its official launch. The round was led by Coatue, with returning investors from Stripe, Crosslink Capital, Collaborative Fund, and Will Smith's Dreamers VC. The startup [...]
Mark Jansen
December 1, 2020
Digital Trends
Nowadays, there are a multitude of ways to send money. But which is the best for you? Here we compare some of the top options to find out which you should pick.
Mike Butcher
November 24, 2020
TechCrunch
JoomPay, a startup with a similar product to PayPayl-owned Venmo in the US, is set to launch in Europe shortly after being granted a Luxembourg Electronic Money Institution (EMI) license. The app allows people to send and receive money with anyone, instantly and for free. "Venmo me" has become a common phrase in the US, [...]
Mike Butcher
November 24, 2020
TechCrunch
JoomPay, a startup with a similar product to PayPayl-owned Venmo in the US, is set to launch in Europe shortly after being granted a Luxembourg Electronic Money Institution (EMI) license. The app allows people to send and receive money with anyone, instantly and for free. "Venmo me" has become a common phrase in the US, [...]
Omar Faridi
November 19, 2020
Crowdfund Insider
PayPal partners with Even, a salary on-demand platform, so that employees can get paid early to meet expenses.
Richard Nieva
November 18, 2020
CNET
The search giant, trying to overcome privacy hurdles, says it won't share transaction information with other parts of Google.
Dieter Bohn
November 18, 2020
The Verge
Google Pay is getting a huge upgrade and is now taking on Apple Pay, Venmo, Mint, and shopping deal apps directly. It will offer banking services next year. It's much more than a payment app now, but will users trust Google enough to provide data?
Engadget
November 18, 2020
Engadget
Google is making major changes to its Pay app to make sending money to friends easier and help people better understand their finances. You'll also be able to use Pay to make purchases in restaurants, gas stations and parking services within the app in select cities starting today. In contrast to the way Venmo is currently laid out, Pay's new home page will show your favorite friends and businesses.
Sarah Perez
November 16, 2020
TechCrunch
PayPal announced this morning that its customers can now use either PayPal or Venmo QR codes when checking out at over 8,200 CVS retail stores across the U.S. This is the first national retailer to integrate PayPal's QR code checkout technology at point-of-sale, the company noted. The additional checkout option will also expand the number [...]
Jon Fingas
November 16, 2020
Engadget
CVS is rolling out promised QR code payments using PayPal and Venmo, giving you a touch-free purchase option at the pharmacy.
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References

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