Venmo Statistics, User Counts and Facts (2021)



Here are a few of the most interesting Venmo statistics and facts I was able to dig up including user counts. As always, be sure to check back in the future as I will be updating this post as new and updated stats become available.

Venmo Facts

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 User Count

How many people use Venmo?

52 million users

Last updated 7/1/20


Venmo Revenue Totals

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


Venmo payment volume (quarterly):


Amount Venmo processed in payments in 2019:

$102 billion


Amount Venmo processed in payments in 2016:

$17.6 billion


Additional Venmo Statistics

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


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


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)


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  • Demographics
  • Revenue
  • Growth
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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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Please note that some of these numbers are easier to find than others. A few of these Venmo stats come from their own reports, but some are based on news reports and not official company tallies. No information contained on DMR should be relied upon to make investment decisions. Basically, this is the best I can find and I don’t guarantee anything to be 100%.

About Craig Smith

DMR Publisher. Director of Marketing by day and I run this little site at night. Other interests include Disney, Sports, 80's Nostalgia, LEGO, Star Wars and Tech Gadgets. Other sites include DisneyNews.us and VideoGamesStats.com.