Krishnan Manivannan

NKHM

Product

Growth

Secret Sauce

• Mobile

• FREE!

• ANOTHER SOCIAL NETWORK!!!

History

• 2009: Founded by Andrew Kortina and Iqram Magdon-Ismail

• 2012: Launched

Business Model

• Free-to-use

• Charges 3% for credit card transactions

• No ads

Financial Info

• Little to no revenue

• DOESN’T MAKE MONEY

History

• 2009: Founded by Andrew Kortina and Iqram Magdon-Ismail

• 2012: Launched

• Late 2012: Acquired by Braintree for $26.2 Million

History

• 2009: Founded by Andrew Kortina and Iqram Magdon-Ismail

• 2012: Launched

• Late 2012: Acquired by Braintree for $26.2 Million

• 2013: PayPal buys Braintree (and Venmo) for $800 Million

Digital Wallet

Business Model

• Free-to-use (P2P)

• Business Transactions

Competitors

Competitors

201520142012 2013

Venmo’s Future

References

• https://venmo.com/

• http://www.investopedia.com/

• http://www.recode.net/

• http://fortune.com/

• http://www.techtechnik.com/

• http://thehustle.co/

Questions?