PayPal Acquires Venmo

Announced September 26, 2013 — $26.2M

What happened

Venmo was a mobile peer-to-peer payments app (acquired as part of the Braintree deal).

PayPal's acquisition history

9th of 27 tracked deals

Disclosed prices

15 of 27 PayPal deals

PayPal's average disclosed price

$879.9M

PayPal's largest disclosed deal

Honey ($4B)

Tracked acquisitions in 2013

147 across all acquirers

PayPal in Peer-to-peer mobile payments

1 acquisition

When did PayPal acquire Venmo?

PayPal acquired Venmo on September 26, 2013. This was PayPal's 9th publicly tracked acquisition out of 27 we have on record.

How much did PayPal pay for Venmo?

PayPal paid $26.2M for Venmo.

What does Venmo do?

Venmo was a mobile peer-to-peer payments app (acquired as part of the Braintree deal).

What other Peer-to-peer mobile payments companies has PayPal acquired?

Venmo is PayPal's only publicly tracked acquisition in Peer-to-peer mobile payments so far.