When was Venmo founded?

Venmo was founded in 2009 and raised its 1st funding round within a year of its incorporation.

Where is Venmo located?

Venmo is headquartered in New York City, United States. It is registered at San Jose, California.

How many employees does Venmo have?

As of Aug 31, 2026, the latest employee count at Venmo is 710.

Is Venmo a funded company?

Venmo is a funded company, having raised a total of $1.3M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 07, 2009.

When was the latest funding round of Venmo?

Venmo's latest funding was a $***** Series B round on Oct 17, 2012, with participation from 2 investors.

Where does Venmo rank among its competitors?

Venmo ranks 5th amongst 360 active competitors, of which 63 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Airwallex, which secured $320M in Jun, 2026.

Who are the top competitors of Venmo?

Venmo's top competitors include Wise, Payoneer and Remitly. Among them, Airwallex secured the most recent funding round in June, 2026.

Venmo - 2026 Company Profile, Team, Funding & Competitors

Venmo is an acquired company based in New York City (United States), founded in 2009 by Iqram Magdon-Ismail, Andrew Kortina and Anthony Baker. It operates as a Provider of a platform for sending and receiving payments between users. Venmo has raised $1.3M in funding. The company has 360 active competitors, including 63 funded and 16 that have exited. Its top competitors include companies like Wise, Payoneer and Remitly.

Company Details

Provider of a platform for sending and receiving payments between users. The platform facilitates transactions with friends and payments to businesses. Users can manage their balance, set up direct deposit, and explore cryptocurrency options. The platform offers debit and credit card options for online and in-store purchases.

Website: venmo.com
Social
Registered Address: San Jose, California

Key Metrics

Founded Year

2009

Location

New York City, United States

Stage

Acquired

Total Funding

$1.3M in 4 rounds

Latest Funding Round

Series B, Oct 17, 2012, $*****

Investors

Accel & 9 more

Ranked

5^th among 360 active competitors

Employee Count

710 as on Aug 31, 2026

Similar Companies

Wise & 1371 more

Exit Details

Acquired by PayPal (Nov 08, 2021)

View Venmo's full profile

Venmo is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VENMO INC. CIN: 001t000000hjtXBAAY , United States, Deadpooled		$1 - $1M (As on Jun 08, 2010)	-	-
PAYPAL HOLDINGS, INC. CIN: 472989869 , United States, Active	Dec 21, 1998	$1B+ (As on Dec 31, 2025)	9046 (As on Dec 31, 2024)	-

Venmo got acquired by PayPal on Nov 08, 2021.

Click here to take a look at Venmo's acquisition in detail

Venmo has raised a total funding of $1.3M over 4 rounds. Its first funding round was on Dec 07, 2009. Its latest funding round was a Series B round on Oct 17, 2012 for $*****. 2 investors participated in its latest round. Venmo has 10 institutional investors.

Here is the list of recent funding rounds of Venmo:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 17, 2012	4525596	Series B	6772811	7883464	9008090	1755503
Aug 2011	9843620	Series A	6664043	1731716	5730488	Accel & 3 more
May 2010	2073961	Seed	4797430	7881936	6979543	RRE Ventures & 3 more

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View details of Venmo's funding rounds and investors

The founders of Venmo are Iqram Magdon-Ismail, Andrew Kortina and Anthony Baker.

Here are the details of Venmo's key team members:

Iqram Magdon-Ismail: Co-Founder of Venmo. They are also an angel investor in 4 startups.
Andrew Kortina: Co-Founder of Venmo. They are also an angel investor in 1 startup.
Anthony Baker: Chief Technology Officer and Founder of Venmo.

View details of Venmo's Founder profiles and Board Members

Venmo's employee count trend

Venmo has 710 employees as of Aug 26. Here is Venmo's employee count trend over the years:

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Top competitors of Venmo include Wise, Payoneer and Remitly. Here is the list of Top 10 competitors of Venmo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Wise 2011, Shoreditch (United Kingdom), Public	Provider of international money transfer and multi-currency	$397M	Valar Ventures, Merian Global Investors ... & 103 others	86/100
2nd	Payoneer 2005, New York City (United States), Acquired	Provider of cross-border payment solutions for freelancers, businesses, and marketplaces	$269M	TCV, Wellington & 23 others	84/100
3rd	Remitly 2011, Seattle (United States), Public	Provider of international money transfer services with multiple delivery options	$436M	Generation Investment Management, PayU & 39 others	84/100
4th	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 51 others	83/100
5th	Venmo 2009, New York City (United States), Acquired	Provider of a platform for sending and receiving payments between users	$1.3M	Accel, RRE Ventures & 8 others	76/100
6th	Curve 2015, London (United Kingdom), Acquired	Provider of digital wallet software consolidating multiple payment card accounts	$323M	Cohen Circle, IDC Ventures & 105 others	75/100
7th	Thunes 2016, Singapore (Singapore), Series D	Provider of a global payment infrastructure platform for businesses and financial institutions to facilitate cross-border transactions	$362M	Vitruvian Partners, Marshall Wace & 19 others	74/100
8th	NALA 2017, Nairobi (Kenya), Series A	Online cross-border remittance platform for individuals	$50.2M	Accel, Amplo & 21 others	73/100
9th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, Durable Capital Partners & 24 others	73/100
10th	Xoom 2001, San Francisco (United States), Acquired	Provider of online service for international money transfers, bill payments	$106M	Fidelity Ventures, DAG Ventures & 13 others	71/100