Venmo
venmo.comPay friends and pay for everything, online and in-store.
Finance & Fintechpaymentspeer-to-peermobile-appdebit-cardcash-backcryptofintech
About
Venmo is a mobile payments app that lets users send and receive money, split bills, and pay friends instantly. It also offers a debit card, credit card, and crypto purchasing all within a single app. Users can earn cash back rewards through the Venmo Stash program when spending with their Venmo Debit Card or at checkout.
Problem
Splitting bills and sending money to friends quickly without needing cash or bank transfers
For
everyday consumers who want to send money to friends and pay for purchases
How it works
Users link a bank account or card to their Venmo balance, then send or receive money and pay at thousands of merchants online and in-store via the app or Venmo-linked checkout
Business model
freemium
Status
launched
Company
PayPal