What Does Venmo Do?

Total employees640
HeadquartersNew York
Founded

Venmo, a service of PayPal, Inc., is a popular mobile payment service that allows users to transfer money to one another (peer-to-peer payments) as well as make purchases with authorized merchants. Launched in 2009, Venmo was created to make splitting bills and sharing payments with friends and family simple, social, and fun. Users can link their bank accounts, debit cards, or credit cards to their Venmo account to send and receive money. The platform also incorporates social features, allowing users to share their payment activities with friends, though privacy settings are available. Venmo has expanded its services to include business profiles, cryptocurrency trading, and a Venmo debit and credit card.

Where Is Venmo's Headquarters?

Venmo officeVenmo officeVenmo officeVenmo office
*Images sourced via web search. Rights belong to original owners

HQ Function

Serves as a major operational hub for Venmo, housing teams for product development, engineering, marketing, and operations for the peer-to-peer payment service within PayPal's New York office.

Notable Features:

Modern office space within a larger PayPal facility, designed to foster collaboration and innovation. Likely features open-plan layouts, state-of-the-art meeting rooms, and employee amenities typical of leading tech companies.

Work Culture:

Reflects a blend of a fast-paced startup energy with the resources of its parent company, PayPal. Emphasis on user-centric design, teamwork, innovation in fintech, and a social, engaging work environment.

HQ Significance:

New York City's status as a global financial and tech hub provides access to top talent, industry partnerships, and a vibrant ecosystem for a leading payment platform like Venmo.

Values Reflected in HQ: The office environment likely emphasizes collaboration, transparency, and innovation, reflecting Venmo's brand values of simplicity, social connection, and user empowerment in financial transactions.

Location:

Venmo's primary service is currently focused on users within the United States. Account holders must be physically located in the U.S. and have a U.S. cell phone number, U.S. bank account, and/or card. While the core Venmo P2P platform is U.S.-centric, it operates as part of PayPal, a global company with operations in over 200 markets. This global infrastructure supports PayPal's broader mission, but Venmo's direct user base and services remain U.S.-based. Future expansions or integrations via PayPal could potentially broaden its international reach.

Street Address:

95 Morton St

City:

New York

State/Province:

NY

Country:

USA

Where Else Does Venmo Operate Around the World?

San Jose, California, USA

Address: 2211 North First Street, San Jose, CA 95131

Hub for PayPal's global operations and innovation in Silicon Valley, influencing Venmo's technological advancements and strategic alignment within the broader PayPal ecosystem.

Chicago, Illinois, USA

Address: 222 W Merchandise Mart Plaza, Suite 800, Chicago, IL 60654

Leverages Chicago's strong talent pool in fintech and engineering, supporting payment platform development and merchant services for PayPal and Venmo.

Buying Intent Signals for Venmo

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Venmo? Meet the Executive Team

As of April 2025, Venmo' leadership includes:

Alex Chriss - President and CEO, PayPal (Parent Company)
Isabel Cruz - EVP, Chief Product Officer, PayPal (Oversees Venmo Product Strategy)
Doug Bland - SVP, Head of PayPal Consumer and Venmo Products
Erika Soman - VP, Head of Product, Venmo & P2P Payments

Who's Investing in Venmo?

Venmo has been backed by several prominent investors over the years, including:

Accel Partners
RRE Ventures
Lerer Hippeau Ventures
Founder Collective
SV Angel
Greycroft
Kortschak Investments
(Acquired by Braintree in 2012, then by PayPal in 2013; PayPal is a publicly traded company: PYPL)

What Leadership Changes Has Venmo Seen Recently?

Hire3
Exits3

PayPal, Venmo's parent company, has undergone significant leadership renewal in the past year, including a new CEO and Chief Product Officer. These changes are pivotal for Venmo's strategic direction, focusing on innovation and growth within PayPal's broader ecosystem.

Departures

Dan Schulman, Dan Schulman transitioned from his role as CEO, with Alex Chriss taking over.
John Kim, John Kim stepped down as Chief Product Officer.
Peggy Alford, Peggy Alford departed from PayPal.

New Appointments:

Alex Chriss, Alex Chriss appointed as the new President and CEO of PayPal, succeeding Dan Schulman.
Isabel Cruz, Isabel Cruz appointed as PayPal's new Chief Product Officer.
Michelle Gill, Michelle Gill joined to lead the newly formed Small Business and Financial Services Group.

What Technology (Tech Stack) Is Used byVenmo?

Discover the tools Venmo uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Venmo Email Formats and Examples

As Venmo is a service of PayPal, employees working on Venmo typically use PayPal's corporate email system. The most common email format at PayPal is the first initial followed by the last name. Other formats may exist but are less common.

f[last]@paypal.com

Format

jsmith@paypal.com

Example

85%

Success rate

What's the Latest News About Venmo?

TechCrunch • May 16, 2024

Venmo enables crypto purchases directly with linked bank account or debit card

Venmo announced an update allowing users to buy cryptocurrency directly using their linked bank account or debit card, even if they don't have a sufficient balance in their Venmo account. This removes a previous requirement to first fund their Venmo balance....more

PayPal Newsroom / Investor Relations • April 30, 2024

PayPal Q1 2024 earnings report highlights Venmo growth and new product traction

PayPal's first-quarter 2024 earnings call noted continued growth in Venmo users and transaction volume, with new product initiatives starting to gain traction. CEO Alex Chriss emphasized focus on profitable growth and innovation across its platforms, including Venmo....more

PayPal Newsroom • January 25, 2024

PayPal unveils AI-driven innovations, including enhancements for Venmo business profiles

At its 'Innovation Day' event, PayPal CEO Alex Chriss introduced several AI-powered features and product updates, including 'smart receipts' and an advanced Venmo business profile offering, aiming to enhance customer engagement and drive growth for merchants....more

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