Venmo was founded in 2009 by Andrew Kortina and Iqram Magdon-Ismail and launched in 2012. It was acquired by Braintree later that year for $26.2 million. In 2013, PayPal acquired Braintree, and Venmo along with it, for $800 million. Venmo operates as a free, digital wallet that facilitates peer-to-peer money transfers and also charges a fee for business transactions.

1. Krishnan Manivannan
NKHM

2. Product

3. Growth

4. Secret Sauce
• Mobile
• FREE!
• ANOTHER SOCIAL NETWORK!!!

5. History
• 2009: Founded by Andrew Kortina and Iqram Magdon-Ismail
• 2012: Launched

6. Business Model
• Free-to-use
• Charges 3% for credit card transactions
• No ads

7. Financial Info
• Little to no revenue
• DOESN’T MAKE MONEY

8. History
• 2009: Founded by Andrew Kortina and Iqram Magdon-Ismail
• 2012: Launched
• Late 2012: Acquired by Braintree for $26.2 Million

9. History
• 2009: Founded by Andrew Kortina and Iqram Magdon-Ismail
• 2012: Launched
• Late 2012: Acquired by Braintree for $26.2 Million
• 2013: PayPal buys Braintree (and Venmo) for $800 Million

10. Digital Wallet

11. Business Model
• Free-to-use (P2P)
• Business Transactions

12. Competitors

13. Competitors
201520142012 2013

14. Venmo’s Future

15. References
• https://venmo.com/
• http://www.investopedia.com/
• http://www.recode.net/
• http://fortune.com/
• http://www.techtechnik.com/
• http://thehustle.co/

16. Questions?