Venmo is owned by PayPal (the United States, NASDAQ: PYPL), which has owned the brand since 19 December 2013, when eBay acquired it for $713 million.[1][2] Venmo was founded in 2009 in New York, New York and was independent until 2013.
Venmo splits payments between friends and shows them in a social feed, a design decision that made paying people back into something visible and slightly performative. PayPal acquired it in 2013 through its purchase of Braintree, and its name is now used as a verb in America.
eBay bought Braintree for its PayPal business for about $713 million, mostly in cash, to accelerate PayPal in mobile payments. Venmo came with it: Braintree had bought the peer-to-peer payments app the year before, and eBay's annual report describes Venmo as a Braintree subsidiary. Both moved to PayPal when it separated from eBay in 2015, which is why a purchase made by eBay explains who owns Venmo today.
No tagged news items yet. Deals, regulatory actions and recalls are added from SEC filings, regulators and trade press; only titles and links are stored.
Headlines link to the original publisher. Brandtree does not reproduce article text.
Frequently asked questions
Who is the parent company of Venmo?
⌄
The parent company of Venmo is PayPal, a publicly listed company headquartered in the United States.
Is Venmo American?
⌄
Yes. Venmo originated in the United States in 2009 and its owner, PayPal, is also headquartered in the United States.
When did PayPal buy Venmo?
⌄
PayPal completed its acquisition of Venmo on 19 December 2013. The deal was valued at $713 million (enterprise value).
Who owned Venmo before PayPal?
⌄
Venmo was an independent company from its founding in 2009 in New York, New York until eBay acquired it in 2013.
Is Venmo still owned by PayPal?
⌄
Yes. As of 16 September 2026, Venmo is still owned by PayPal. The ownership record was last checked against primary sources on that date.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.