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
Please note that some of these Venmo stats are easier to find than others, so some of these are based on news reports and not official company tallies. All stats are linked to their source unless it was sent to me directly from the company. No stat listed on DMR should be considered in making any type of investment decision. In other words: This is the best I can find, but I don’t guarantee anything.
- Year Venmo Launched: 2009
- Venmo Founders: Iqram Magdon-Ismail, Andrew Kortina
- Venmo Parent Company: PayPal
- 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)
How many people use Venmo?
Last updated 11/17/17
Percentage of young Americans that use mobile payments that use Venmo:
Last updated 4/27/17
Number of retailers in the US that Venmo is accepted at:
Last updated 10/17/17
Venmo Payment volume in Q4 2017:
Venmo Payment volume in Q3 2017:
Venmo Payment volume in Q2 2017:
Venmo Payment volume in Q1 2017:
Venmo Payment volume in Q4 2016:
Venmo Payment volume in Q3 2016:
Venmo Payment volume in Q2 2016:
Venmo Payment volume in Q1 2016:
Amount Venmo processed in payments in 2016:
Number of Venmo employees:
Last updated 2/14/17
First month Venmo crossed $1 billion in transfers: