Venmo is a peer-to-peer (P2P) charge app to be had on iPhones and Android phones that lets in for the quick and smooth trade of money directly between individuals. Founded in 2009, Venmo began as a text message-based charge shipping system. Venmo allows you to pay and request cash from your pals. At its core, Venmo presents a social way to pay your friends when you owe them cash and don’t need to cope with coins.