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Venmo: Braintree: Paypal, is to, Social: Mobile: Payments

Braintree, the Chicago based online payment services developer, was recently acquired by PayPal in an $800 Mn deal. This acquisition by Braintree included Venmo, an e-payment company which focuses on peer to peer payments.

The Venmo app was launched in 2009 by Andrew Kotrina (CFO) and Iqram Magdon-Ismail. Venmo received $1.2 Mn in funding via investors including ...

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