Competitors
50
Summary
Ask questionsVenmo is a mobile payment application that facilitates peer-to-peer money transfers, allowing users to send and receive money, split expenses, and make payments in stores and online. It also offers a debit card, a credit card with cash back, and the ability to buy and sell cryptocurrency.
Features6/12
See all6/12
Must Have
4 of 5
Instant P2P Transfers
Prepaid Debit Card (Cash App Card)
Early Direct Deposit
Bitcoin Trading
Commission-Free Stock Trading
Other
2 of 7
Fraud Monitoring & Security
Pay Over Time (Afterpay)
High-Yield Savings
Round-Up Savings
Instant Discounts & Offers
Customizable Card Designs
ATM Access & Fee Reimbursement
Rationale
The candidate, Venmo, is a strong match for the Cash App concept. It explicitly offers instant peer-to-peer transfers, a debit card (Venmo Debit Card), early direct deposit, and bitcoin trading. While the description mentions a 'Prepaid Debit Card (Cash App Card)', Venmo offers a 'Venmo Debit Card' which serves the same purpose. The 'Pay Over Time (Afterpay)' feature is also present through the 'GET REWARDED WITH THE VENMO CREDIT CARD' which allows splitting purchases. Fraud monitoring is implied through security measures for financial transactions. The core functionalities align very well with the 'must-have' features of Cash App.
