How PayPal is Bringing Venmo Experience to Businesses

August 10, 2017

Last quarter, Venmo recorded $8 billion in volume and is growing by more than 100% year over year. Bill Ready, COO of PayPal, says PayPal's goal is to bring the Venmo experience to businesses. Ready says that what sets PayPal apart from its competitor, Square, are its services across both consumers and merchants. PayPal announced Thursday it's expanding its lending offers with an acquisition of online lending company Swift Financial.