SlideShare a Scribd company logo
Connor Welch (cjwelch)
Problem
Product
- Request or send money to friends, pay
for purchases
- Instantly transfer Venmo balance to
bank account
- View and comment on friends’ activity
Persona
- John, the cashless millennial
- Handles all his finances electronically
- Has to split rent, utilities, and grocery
bills with his roommate
Financial
- On the verge of making a profit
- Annual revenue > 200 million
- Payment volume is booming
Business Model
- Instant Transfer: 1% fee
- Credit Card Payments: 3% fee
- Pay with Venmo: 3% fee
History
2009: Founded by
Andrew Kortina and
Iqram Magdon-Ismail
History
2012
2013
$26.2 mil
$800 mil
History
2016
History
2018
What’s HOT
Secret Sauce
Competition
Accepted at
Businesses
iOS and Android
Instant Transfers 1% Fee 1.5% Fee 1% Fee
Social Feed
My Prediction
Questions?
References
https://www.flickr.com/photos/30478819@N08/40144693214
https://www.domu.com/landlord-resources/what-to-do-when-a-tenant-bounces-a-check
https://venmo.com/
https://vendors.trustradius.com/millennial-b2b-buyers-what-you-need-to-know-about-the-new-wave-of-decision-makers/
https://www.cnbc.com/2019/01/31/venmo-had-a-break-out-quarter-but-wont-make-money-for-paypal-until-at-mid-2019--.html
https://articles2.marketrealist.com/2019/05/paypal-is-exploring-a-new-way-to-monetize-venmo/
https://www.marketwatch.com/story/you-can-finally-use-venmo-to-split-your-uber-ride-2018-07-13
https://dimewilltell.com/cash-app-referral-code/
https://www.magnifymoney.com/blog/reviews/square-cash-app/
https://whatwillmatter.com/2016/06/commentary-832-5-the-road-to-significance/

More Related Content

Similar to Venmo company preso (cjwelch)

3e myanmar consumers u nion mdrf2020
3e myanmar consumers u nion mdrf20203e myanmar consumers u nion mdrf2020
3e myanmar consumers u nion mdrf2020
Ethical Sector
 
Condo & HOA Payments: then and now
Condo & HOA Payments: then and nowCondo & HOA Payments: then and now
Condo & HOA Payments: then and now
TOPS Software
 
Zennon Kapron Inside Bitcoins Singapore 2015
Zennon Kapron Inside Bitcoins Singapore 2015Zennon Kapron Inside Bitcoins Singapore 2015
Zennon Kapron Inside Bitcoins Singapore 2015
MecklerMedia
 
Engagement Banking: Building Relationships Through Online and Mobile
Engagement Banking: Building Relationships Through Online and MobileEngagement Banking: Building Relationships Through Online and Mobile
Engagement Banking: Building Relationships Through Online and Mobile
Michael McEvoy
 
Venmo Presentation Sanjay Devireddy
Venmo Presentation Sanjay DevireddyVenmo Presentation Sanjay Devireddy
Venmo Presentation Sanjay Devireddy
Sanjay Devireddy
 
Eecs441 company preso
Eecs441 company presoEecs441 company preso
Eecs441 company preso
Zhongfu(John) Bai
 
Understanding Dynamic Chinese Online Payments Market
Understanding Dynamic Chinese Online Payments MarketUnderstanding Dynamic Chinese Online Payments Market
Understanding Dynamic Chinese Online Payments MarketChristopher Uriarte
 
Sanjoy Sen - World Cards Conference - Key Note Presentation - Global Trends &...
Sanjoy Sen - World Cards Conference - Key Note Presentation - Global Trends &...Sanjoy Sen - World Cards Conference - Key Note Presentation - Global Trends &...
Sanjoy Sen - World Cards Conference - Key Note Presentation - Global Trends &...Sanjoy Sen
 
Company preso - Alipay - Xinyi Ge
Company preso - Alipay - Xinyi GeCompany preso - Alipay - Xinyi Ge
Company preso - Alipay - Xinyi Ge
Xinyi Zoey Ge
 
IDCEE 2014: The Future Of International Payments: Next 5 Years - Michael Kent...
IDCEE 2014: The Future Of International Payments: Next 5 Years - Michael Kent...IDCEE 2014: The Future Of International Payments: Next 5 Years - Michael Kent...
IDCEE 2014: The Future Of International Payments: Next 5 Years - Michael Kent...
IDCEE
 
Brochure & Order Form_Europe Online Payment Methods 2012
Brochure & Order Form_Europe Online Payment Methods 2012Brochure & Order Form_Europe Online Payment Methods 2012
Brochure & Order Form_Europe Online Payment Methods 2012yStats.com
 
An Exploratory Study on E-commerce, Digital Payments & Digital Remittances in...
An Exploratory Study on E-commerce, Digital Payments & Digital Remittances in...An Exploratory Study on E-commerce, Digital Payments & Digital Remittances in...
An Exploratory Study on E-commerce, Digital Payments & Digital Remittances in...
afrikoin
 
Company preso hyewonk
Company preso hyewonkCompany preso hyewonk
Company preso hyewonk
Hyewon Kim
 
20141212 inside bitcoinsseoul_zennonkapron_final
20141212 inside bitcoinsseoul_zennonkapron_final20141212 inside bitcoinsseoul_zennonkapron_final
20141212 inside bitcoinsseoul_zennonkapron_final
MecklerMedia
 
Asia-Pacific Online Payment Methods Report 2013 - First Half 2013 by yStats.com
Asia-Pacific Online Payment Methods Report 2013 - First Half 2013 by yStats.com Asia-Pacific Online Payment Methods Report 2013 - First Half 2013 by yStats.com
Asia-Pacific Online Payment Methods Report 2013 - First Half 2013 by yStats.com
yStats.com
 
Mobile Consumer
Mobile ConsumerMobile Consumer
Mobile Consumerbazookapps
 
Mobile Payments: An IBM Point of View
Mobile Payments: An IBM Point of ViewMobile Payments: An IBM Point of View
Mobile Payments: An IBM Point of View
Mark Sherman
 
Riding the Mobile Payments Tsunami
Riding the Mobile Payments TsunamiRiding the Mobile Payments Tsunami
Riding the Mobile Payments Tsunami
Mark Sherman
 
Customer Research Project - Swati Mehta
Customer Research Project - Swati MehtaCustomer Research Project - Swati Mehta
Customer Research Project - Swati MehtaSwati Mehta
 

Similar to Venmo company preso (cjwelch) (20)

3e myanmar consumers u nion mdrf2020
3e myanmar consumers u nion mdrf20203e myanmar consumers u nion mdrf2020
3e myanmar consumers u nion mdrf2020
 
Condo & HOA Payments: then and now
Condo & HOA Payments: then and nowCondo & HOA Payments: then and now
Condo & HOA Payments: then and now
 
Zennon Kapron Inside Bitcoins Singapore 2015
Zennon Kapron Inside Bitcoins Singapore 2015Zennon Kapron Inside Bitcoins Singapore 2015
Zennon Kapron Inside Bitcoins Singapore 2015
 
Engagement Banking: Building Relationships Through Online and Mobile
Engagement Banking: Building Relationships Through Online and MobileEngagement Banking: Building Relationships Through Online and Mobile
Engagement Banking: Building Relationships Through Online and Mobile
 
Venmo Presentation Sanjay Devireddy
Venmo Presentation Sanjay DevireddyVenmo Presentation Sanjay Devireddy
Venmo Presentation Sanjay Devireddy
 
Eecs441 company preso
Eecs441 company presoEecs441 company preso
Eecs441 company preso
 
Understanding Dynamic Chinese Online Payments Market
Understanding Dynamic Chinese Online Payments MarketUnderstanding Dynamic Chinese Online Payments Market
Understanding Dynamic Chinese Online Payments Market
 
Sanjoy Sen - World Cards Conference - Key Note Presentation - Global Trends &...
Sanjoy Sen - World Cards Conference - Key Note Presentation - Global Trends &...Sanjoy Sen - World Cards Conference - Key Note Presentation - Global Trends &...
Sanjoy Sen - World Cards Conference - Key Note Presentation - Global Trends &...
 
Company preso - Alipay - Xinyi Ge
Company preso - Alipay - Xinyi GeCompany preso - Alipay - Xinyi Ge
Company preso - Alipay - Xinyi Ge
 
IDCEE 2014: The Future Of International Payments: Next 5 Years - Michael Kent...
IDCEE 2014: The Future Of International Payments: Next 5 Years - Michael Kent...IDCEE 2014: The Future Of International Payments: Next 5 Years - Michael Kent...
IDCEE 2014: The Future Of International Payments: Next 5 Years - Michael Kent...
 
Virtual.collection
Virtual.collectionVirtual.collection
Virtual.collection
 
Brochure & Order Form_Europe Online Payment Methods 2012
Brochure & Order Form_Europe Online Payment Methods 2012Brochure & Order Form_Europe Online Payment Methods 2012
Brochure & Order Form_Europe Online Payment Methods 2012
 
An Exploratory Study on E-commerce, Digital Payments & Digital Remittances in...
An Exploratory Study on E-commerce, Digital Payments & Digital Remittances in...An Exploratory Study on E-commerce, Digital Payments & Digital Remittances in...
An Exploratory Study on E-commerce, Digital Payments & Digital Remittances in...
 
Company preso hyewonk
Company preso hyewonkCompany preso hyewonk
Company preso hyewonk
 
20141212 inside bitcoinsseoul_zennonkapron_final
20141212 inside bitcoinsseoul_zennonkapron_final20141212 inside bitcoinsseoul_zennonkapron_final
20141212 inside bitcoinsseoul_zennonkapron_final
 
Asia-Pacific Online Payment Methods Report 2013 - First Half 2013 by yStats.com
Asia-Pacific Online Payment Methods Report 2013 - First Half 2013 by yStats.com Asia-Pacific Online Payment Methods Report 2013 - First Half 2013 by yStats.com
Asia-Pacific Online Payment Methods Report 2013 - First Half 2013 by yStats.com
 
Mobile Consumer
Mobile ConsumerMobile Consumer
Mobile Consumer
 
Mobile Payments: An IBM Point of View
Mobile Payments: An IBM Point of ViewMobile Payments: An IBM Point of View
Mobile Payments: An IBM Point of View
 
Riding the Mobile Payments Tsunami
Riding the Mobile Payments TsunamiRiding the Mobile Payments Tsunami
Riding the Mobile Payments Tsunami
 
Customer Research Project - Swati Mehta
Customer Research Project - Swati MehtaCustomer Research Project - Swati Mehta
Customer Research Project - Swati Mehta
 

Recently uploaded

A Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptxA Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptx
thanhdowork
 
PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.
Dr. Shivangi Singh Parihar
 
DRUGS AND ITS classification slide share
DRUGS AND ITS classification slide shareDRUGS AND ITS classification slide share
DRUGS AND ITS classification slide share
taiba qazi
 
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
RitikBhardwaj56
 
Pride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School DistrictPride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School District
David Douglas School District
 
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold MethodHow to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
Celine George
 
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
Levi Shapiro
 
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat  Leveraging AI for Diversity, Equity, and InclusionExecutive Directors Chat  Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
TechSoup
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
camakaiclarkmusic
 
Introduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp NetworkIntroduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp Network
TechSoup
 
Lapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdfLapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdf
Jean Carlos Nunes Paixão
 
Best Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDABest Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDA
deeptiverma2406
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
EverAndrsGuerraGuerr
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Excellence Foundation for South Sudan
 
Group Presentation 2 Economics.Ariana Buscigliopptx
Group Presentation 2 Economics.Ariana BuscigliopptxGroup Presentation 2 Economics.Ariana Buscigliopptx
Group Presentation 2 Economics.Ariana Buscigliopptx
ArianaBusciglio
 
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
Academy of Science of South Africa
 
Assignment_4_ArianaBusciglio Marvel(1).docx
Assignment_4_ArianaBusciglio Marvel(1).docxAssignment_4_ArianaBusciglio Marvel(1).docx
Assignment_4_ArianaBusciglio Marvel(1).docx
ArianaBusciglio
 
kitab khulasah nurul yaqin jilid 1 - 2.pptx
kitab khulasah nurul yaqin jilid 1 - 2.pptxkitab khulasah nurul yaqin jilid 1 - 2.pptx
kitab khulasah nurul yaqin jilid 1 - 2.pptx
datarid22
 
A Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in EducationA Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in Education
Peter Windle
 
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Dr. Vinod Kumar Kanvaria
 

Recently uploaded (20)

A Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptxA Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptx
 
PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.
 
DRUGS AND ITS classification slide share
DRUGS AND ITS classification slide shareDRUGS AND ITS classification slide share
DRUGS AND ITS classification slide share
 
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
 
Pride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School DistrictPride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School District
 
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold MethodHow to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
 
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
 
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat  Leveraging AI for Diversity, Equity, and InclusionExecutive Directors Chat  Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
 
Introduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp NetworkIntroduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp Network
 
Lapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdfLapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdf
 
Best Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDABest Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDA
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
 
Group Presentation 2 Economics.Ariana Buscigliopptx
Group Presentation 2 Economics.Ariana BuscigliopptxGroup Presentation 2 Economics.Ariana Buscigliopptx
Group Presentation 2 Economics.Ariana Buscigliopptx
 
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
 
Assignment_4_ArianaBusciglio Marvel(1).docx
Assignment_4_ArianaBusciglio Marvel(1).docxAssignment_4_ArianaBusciglio Marvel(1).docx
Assignment_4_ArianaBusciglio Marvel(1).docx
 
kitab khulasah nurul yaqin jilid 1 - 2.pptx
kitab khulasah nurul yaqin jilid 1 - 2.pptxkitab khulasah nurul yaqin jilid 1 - 2.pptx
kitab khulasah nurul yaqin jilid 1 - 2.pptx
 
A Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in EducationA Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in Education
 
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
 

Venmo company preso (cjwelch)