-
727
Venmo Possibly Abolishing the Friendly IOU
by Jenny DeHuff on February 3, 2010
Imagine never having to ask for separate checks at a restaurant, or splitting the bill, four ways, with credit.An innovative pair thought of it first.
Iqram Magdon-Ismail and his partner, Andrew Kortina, found a way to quickly and easily transfer money, amongst friends, co-workers and whomever, without handling cash or IOU’s (I owe yous).
Venmo, (a combination of the words “vendor” and “mobile”) is a website dedicated to helping people transfer money in a method that is quick, easy and paperless.
“We built it because we had a problem,” said Ismail.
“We had no way of exchanging money with each other, except for cash and checks.”
Unauthorized use and/or duplication of this material without express and
written permission from this blog’s authors and/or owners is strictly
prohibited. Excerpts and links may be used, provided that full and clear credit
is given to Start Philly and its authors with appropriate and specific
direction to the original content.