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Venmo is an American mobile payment service founded in 2009 and owned by PayPal since 2012. Venmo was aimed at friends and family who wanted to split bills, such as for movies, dinners, rent, or event tickets, etc. Account holders can transfer money to others through a mobile phone app; both the sender and recipient must reside in the United States. In 2021, the company processed $230 billion in transactions and generated $850 million in revenue
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