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Venmo, a service of PayPal, Inc., is a popular mobile payment service that allows users to transfer money to one another (peer-to-peer payments) as well as make purchases with authorized merchants. Launched in 2009, Venmo was created to make splitting bills and sharing payments with friends and family simple, social, and fun. Users can link their bank accounts, debit cards, or credit cards to their Venmo account to send and receive money. The platform also incorporates social features, allowing users to share their payment activities with friends, though privacy settings are available. Venmo has expanded its services to include business profiles, cryptocurrency trading, and a Venmo debit and credit card.
Serves as a major operational hub for Venmo, housing teams for product development, engineering, marketing, and operations for the peer-to-peer payment service within PayPal's New York office.
Modern office space within a larger PayPal facility, designed to foster collaboration and innovation. Likely features open-plan layouts, state-of-the-art meeting rooms, and employee amenities typical of leading tech companies.
Reflects a blend of a fast-paced startup energy with the resources of its parent company, PayPal. Emphasis on user-centric design, teamwork, innovation in fintech, and a social, engaging work environment.
New York City's status as a global financial and tech hub provides access to top talent, industry partnerships, and a vibrant ecosystem for a leading payment platform like Venmo.
Venmo's primary service is currently focused on users within the United States. Account holders must be physically located in the U.S. and have a U.S. cell phone number, U.S. bank account, and/or card. While the core Venmo P2P platform is U.S.-centric, it operates as part of PayPal, a global company with operations in over 200 markets. This global infrastructure supports PayPal's broader mission, but Venmo's direct user base and services remain U.S.-based. Future expansions or integrations via PayPal could potentially broaden its international reach.
95 Morton St
New York
NY
USA
Address: 2211 North First Street, San Jose, CA 95131
Hub for PayPal's global operations and innovation in Silicon Valley, influencing Venmo's technological advancements and strategic alignment within the broader PayPal ecosystem.
Address: 222 W Merchandise Mart Plaza, Suite 800, Chicago, IL 60654
Leverages Chicago's strong talent pool in fintech and engineering, supporting payment platform development and merchant services for PayPal and Venmo.
Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.
As of April 2025, Venmo' leadership includes:
Venmo has been backed by several prominent investors over the years, including:
PayPal, Venmo's parent company, has undergone significant leadership renewal in the past year, including a new CEO and Chief Product Officer. These changes are pivotal for Venmo's strategic direction, focusing on innovation and growth within PayPal's broader ecosystem.
Discover the tools Venmo uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.
As Venmo is a service of PayPal, employees working on Venmo typically use PayPal's corporate email system. The most common email format at PayPal is the first initial followed by the last name. Other formats may exist but are less common.
f[last]@paypal.com
Format
jsmith@paypal.com
Example
85%
Success rate
TechCrunch • May 16, 2024
Venmo announced an update allowing users to buy cryptocurrency directly using their linked bank account or debit card, even if they don't have a sufficient balance in their Venmo account. This removes a previous requirement to first fund their Venmo balance....more
PayPal Newsroom / Investor Relations • April 30, 2024
PayPal's first-quarter 2024 earnings call noted continued growth in Venmo users and transaction volume, with new product initiatives starting to gain traction. CEO Alex Chriss emphasized focus on profitable growth and innovation across its platforms, including Venmo....more
PayPal Newsroom • January 25, 2024
At its 'Innovation Day' event, PayPal CEO Alex Chriss introduced several AI-powered features and product updates, including 'smart receipts' and an advanced Venmo business profile offering, aiming to enhance customer engagement and drive growth for merchants....more
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