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.
Prior to starting Venmo, Iqram was raised in Zimbabwe, Zambia and Uganda before immigrating to the United States. He currently spends his time working on Ense, a social voice platform he founded in 2016, which allows users to share information, stories, conversations and more through short audio clips.
He was named one of Inc.’s 30 Under 30 in 2010, and honored as a “Great Immigrant” by the Carnegie Foundation in 2016.