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Venmo profile

Who owns Venmo?

hybrid · New York, US · VASP / MSB / crypto licences · custody: Custodial

short answerVenmo is regulated as a crypto-asset service (VASP / MSB / crypto licences), not a bank. It is not a deposit-taking institution; how balances are held depends on its custody model (Custodial).

Is Venmo a licensed bank?

No — it is licensed as a crypto / VASP service, not a bank. Licence detail: PayPal's US state licences (money transmitter, NMLS 910457); crypto via NYDFS trust company PayPal Digital.

Where is your money held?

Custody model: Custodial.

Venmo runs on: The Bancorp Bank (BIN sponsor bank). Full stack on the infra map.

Who's behind Venmo?

Venmo was founded by Andrew Kortina, Iqram Magdon-Ismail (2009), headquartered in New York, US.

Is my money safe with Venmo?

Venmo is not a bank, so deposit-guarantee schemes do not apply. Crypto and cash balances are handled under its VASP/e-money obligations — check its terms for exactly how client assets are segregated and safeguarded.

go deeperSee the full Venmo profile with every verified field, or Venmo alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.