Founded by Andrew Kortina and Iqram Magdon‑Ismail as a simple solution to hassle-free payments between friends, Venmo was acquired in 2013 as part of PayPal’s $800 million startup purchase of Braintree. Today, Venmo operates as a wholly owned subsidiary of PayPal, tapping into its global payments network and compliance infrastructure. Venmo offers a fast, social, and cashless way to pay friends, family, and businesses. From splitting bills to online checkouts, we’re redefining the way people handle money. Today, venmo become a trusted digital wallet for millions — connecting people and businesses through fast, friendly payments.