Iqram Magdon-Ismail is responsible for revolutionizing the way the world exchanges money. A New York-based entrepreneur, he is best known for co-founding the digital payment platform, Venmo.
Venmo first launched in 2009, after Iqram went to visit co-founder Andrew Kortina in New York City for the weekend and forgot his wallet. The pair soon realized that their problem was a universal challenge that people faced daily, and developed an app that allows you to send money to someone with just a tap on your smartphone.
Venmo was acquired by Braintree in 2012 for $26.2 million. Only a year later, Braintree went on to be acquired by PayPal for $800 million. Today, Venmo processes more than $6.8 billion in payments per quarter – with plans to exponentially scale their year-over-year growth through their relationship with PayPal.
He currently works on Ense, a social voice platform he founded in 2016, which allows users to share information, stories, conversations.
Programming descriptions are generated by participants and do not necessarily reflect the opinions of SXSW.