VenmoPresenter: Benjamin Jen (bkjen)

Problem

● Write checks and cash payments● Split transactions● Pay in person

Product

● Venmo mobile application

Financial Information

● Uncertain profits● Consistent payment volume

Increase

Business Model

● Credit Card Transaction (3%)● Pay with Venmo

Pay with Venmo

● In app purchases● 2.9% for each transaction plus $.30

History

● Iqram Magdon-Ismail and Andrew Kortina● Launched in 2009● Braintree and PayPal

Secret Sauce

● Social news feed● Large user base● No transaction charges (debit)

Competition

Platforms IOS/Android IOS/Android IOS/Android IOS IOS/Android IOS/Android

Debit Card Payment

Free Free 2.9% Fee Free Free Free

Credit Card Payment

N/A N/A 2.9% Fee Free N/A 2.9% Fee

Bank Transfers 1-2 Business Days

1-2 Business Days

3 Business Days N/A 1-3 Business Days

1-2 Business Days

Social Element No No No No Yes Yes

Predictions

● Pay with Venmo will profit● Large Millennial user base

References

1. http://www.investopedia.com/articles/personal-finance/010715/venmo-its-business-model-and-competition.asp

2. http://www.recode.net/2016/4/27/11586488/venmo-is-growing-ridiculously-fast-q1-20163. http://venturebeat.com/2015/10/28/paypal-reveals-how-it-will-finally-cash-in-on-venmo/4. http://lifehacker.com/money-transfer-showdown-square-cash-vs-venmo-vs-payp-17520587235. http://fortune.com/2016/01/27/venmo-business/6. https://fin.plaid.com/articles/how-venmo-does-p2p-without-fees7. http://www.thesimpledollar.com/best-apps-to-send-money/8. http://markets.businessinsider.com/news/stocks/venmos-monetization-will-be-worth-watching-

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