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Andrew Kortina

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Based in New York City, Andrew Kortina is a tech entrepreneur who is most well-known for co-founding Venmo, the popular mobile payments company. Together with his college roommate Iqram Magdon-Ismail, Kortina founded Venmo in 2009 with the intention of providing a more accessible way for users to exchange money via text messaging and smartphones.

Prior to founding Venmo, Kortina studied at the University of Pennsylvania, which is where he was randomly paired with Magdon-Ismail in the forms. Starting out as a computer science major, Kortina soon switched to creative writing and philosophy because he wanted to study subjects he wouldn’t get to focus on after college. While in college, Kortina and Magdon-Ismail founded My College Post, a classifieds site. After college Kortina worked at Bit.ly, knowing he would eventually team up with Magdon-Ismail again.

In 2009, Kortina and Magdon-Ismail launched Venmo as a music startup that allowed people to send a text to a band to have a song show up in their email. The switch from a music app to a payment app came when Magdon-Ismail was visiting Kortina in NYC and accidentally left his wallet in Philly. Forced to write a check to pay Kortina back, the pair realized what an annoyance this was and the new idea for Venmo was formed.

In 2010, both Kortina and Magdon-Ismail were named to Inc Magazine’s 30 Under 30. In 2012, Venmo was acquired by Braintree and is no part of PayPal.

Companies and Investments

Venmo (Co-Founder), My College Post (Co-Founder)


Lessons Learned

Never take no for an answer. People will respect you for your passion and commitment to your project, if nothing else.

Brainstorm. Brainstorm. Brainstorm. You never know what idea you may come up with that could actually be worth something.

Start from the bottom and work your way up. Heading a successful business takes time, dedication, and a lot of hard work, but it’s worth it.

Bring on investors that you can actually benefit from. While money is important to launching a business, knowledge and industry experience can prove to be invaluable.


Inspiring Quotes

Andrew Kortina 's Quotes

Our focus is the social transaction. Our bet is that we can do a better job of giving the user the best experience, and the best product will win.

Andrew Kortina

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