20 Venmo Statistics and Facts (2020) | By the Numbers



venmo statistics

Here are the more interesting Venmo statistics and facts I was able to dig up recently. As always, I will be adding more and updating these periodically as I find new stuff. Be sure to check back regularly.

See also: Interesting PayPal Statistics and Facts

Venmo Facts

venmo statistics facts

Venmo Payment Limits

  • $6,999.99 weekly spending limit if your identity is verified
  • $299,99 weekly spending limit if your identity is not verified

Last updated 5/30/20 (source)

What is Venmo?

Venmo is the simple, fun money app for sending cash quickly between friends and shopping at your favorite online stores. Split purchases to avoid awkward IOUs, share your new buys, and catch up on what your friends are doing on the feed. (source)

Venmo Statistics

Total number of Venmo users:

52 million users

Last updated 7/1/20


Venmo's revenue run rate:

$450 million

Last updated 1/29/20


Percentage of PayPal's dollar volume that comes from Venmo:

13%

Last updated 4/24/19


Percentage of young Americans that use mobile payments that use Venmo:

66%

Last updated 4/27/17


Number of retailers in the US that Venmo is accepted at:

2 million

Last updated 1/1/18


Venmo payment volume (quarterly):


Amount Venmo processed in payments in 2019:

$102 billion


Amount Venmo processed in payments in 2016:

$17.6 billion


Number of Venmo employees:

200

Last updated 2/14/17


First month Venmo crossed $1 billion in transfers:

January 2016


Number of Uber-related transactions on Venmo in 2017:

6 million

Get the Industry Report

dmr industry report company statistics factsThis report is available in an annual industry report. Some of the data in industry reports include:

  • Users
  • Demographics
  • Revenue
  • Growth
  • Etc.- all in one place

I try to go through each and every stat regularly and update as much as possible, but we all know that some stats are easier to track down than others. As always, every stat is linked to its original source and has the source date listed.

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