Braintree Payment Solutions Acquires Venmo

On August 16, 2012, Braintree Payment Solutions acquired internet software and services company Venmo for 26M USD

This is Braintree Payment Solutions’ 1st transaction in the Internet Software and Services sector.
This is Braintree Payment Solutions’ largest (disclosed) transaction.
This is Braintree Payment Solutions’ 1st transaction in the United States.
This is Braintree Payment Solutions’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date	2012-08-16
Target	Venmo
Sector	Internet Software and Services
Buyer(s)	Braintree Payment Solutions
Deal Type	Add-on Acquisition
Deal Value	26M USD

Philadelphia, Pennsylvania, United States

Venmo provides an app that allows users to share and make payments with friends.

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Chicago, Illinois, United States

Braintree Payment Solutions LLC provides credit card payment processing solutions for businesses in the United States and internationally.

DEAL STATS	#
Overall	1 of 1
Sector: Internet Software and Services M&A	1 of 1
Type: Add-on Acquisition M&A Deals	1 of 1
State: Pennsylvania M&A	1 of 1
Country: United States M&A	1 of 1
Year: 2012 M&A	1 of 1
Size (of disclosed)	1 of 1