Iqram Magdon-Ismail Biography

Magdon-Ismail, who was living in Philadelphia at the time, traveled to New York City to spend a weekend brainstorming with Kortina. Inspiration came in the form of an unmet need, as it so often does. Magdon-Ismail had forgotten his wallet and wrote a check to Kortina to cover his share of the weekend expenses. "We thought, 'Why are we still writing checks?'" recalls Kortina. "'Why aren't we using a web service to pay each other back?' So we decided to build something that would let us do that." The result was Venmo, a mobile-based platform that allows friends to exchange money using their phones.

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