Venmo is owned by PayPal, a global leader in digital payments[6]. PayPal acquired Venmo in 2013 as part of its $800 million purchase of Braintree, which had previously acquired Venmo in 2012[1][2][4][5][7]. Since then, Venmo has operated as a subsidiary under the PayPal corporate umbrella, maintaining its own brand and user base but benefiting from PayPal’s financial backing and infrastructure[6][2].
Leave a Reply