Komron Zokhidov NYC Tech “Venmo”

Product/Service: Venmo connects a debit, credit cards directly to users accounts, which allows them to, easily  transfer money back and forth for expenses like rent, bills, etc

Founder/Co-Founders: Andrew Kortina and Iqram Magdon-Ismail are the founder of Venmo, They are still with the company

Office/Headquarters: Venmo singleheadquarter is located in NYC 5th Floor, 95 Morton St, New York, NY 10014. But they essentially owned by Ebay

Method of Making Money:  Venmo’s innovative payment system peer to peer is adopted by some businesses , and Venmo charges them small percentage of transactions.

Target Customers:  Venmo is popular and frequently used by college students and young adults

How many current users/customers, etc: Google play store and Apple app store show more than 500 thousand users have downloaded Venmo app. Which puts them over 1 million users

How does the company advertise its product/services?
Venmo advertised as easy and friendly money transaction system

Competitors/Competitive Advantage: Venmo is owned by Ebay’s PayPal. Their competitors are Google wallet, Apple Pay, Popmoney, SnapCash, Square Cash.

Works Cited:




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