Venmo

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Venmo

Basic information
Founded	2009
Type	Subsidiary
Industry	Financial Services
Official website	https://venmo.com/

Venmo is an American mobile payment service aimed at users who wish to split their bills.

It is owned by Paypal:

We’re owned by PayPal, a global leader in digital payments. We’re proud to be part of the pack.

Controversies

Privacy Concerns

In a 2018 study, researchers looked at over 200 million public transactions and found that Venmo "shares an enormous quantity of private data about users' lives by default." Venmo makes transactions visible on a public feed by default unless users choose to make them only visible to friends or just visible to the two parties involved in a transaction.