Venio
Venio Mobile is a US-based 5G mobile virtual network operator that bundles low-cost voice, text, and data plans with an international funds transfer marketplace, primarily serving immigrants sending money and goods to family in Latin America and Southeast Asia.
- Company typePrivate
- Founded2018
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Venio does
Venio Mobile is a US private company, founded in 2018 and headquartered in New York, that combines a 5G mobile virtual network operator (MVNO) service with an international funds transfer marketplace aimed at immigrants in the United States. The company offers low-cost voice, text, and data plans on America's 5G network, either as a Bring Your Own Device (BYOD) subscription or bundled with the Venio-V1 Samsung Galaxy XCover smartphone. Its signature feature, Venio To Talk (VTT), is an exclusive free push-to-talk service enabling one-button voice or text communication locally and internationally. The international transfers marketplace allows users to send mobile top-ups, transportation credits, food, bill payments, entertainment subscriptions (Netflix, Spotify, Google Play), and gaming credits (Xbox) to recipients abroad through partnerships with global brands.
The underlying platform is a mobile app available on Google Play and the Apple App Store, integrated with backend services for carrier connectivity, push-to-talk, and a payments/services marketplace. Distribution runs through the company's e-commerce storefront (veniomobile.com), the two app stores, and a reseller program; the storefront is localized in English, Portuguese (BR), and Spanish (LATAM). Venio's stated go-to-market is product-led and direct-to-consumer, with select channel-partner activity through resellers.
Revenue is generated from four streams: recurring mobile plan subscriptions, transaction fees on international transfers, one-time hardware sales of the Venio-V1 phone, and commissions on third-party marketplace purchases. Pricing is not publicly disclosed. The customer base is overwhelmingly long-tail individual consumers — primarily US immigrants remitting to family in Latin America and Southeast Asia — with no disclosed enterprise or B2B contracts. No funding rounds, revenue figures, or ownership disclosures are available in the source data. Leadership comprises founder & CEO Warren Platt and co-founder Jack Cresswell.
Venio firmographics
Firmographics- Name
- Venio
- Legal name
- Venio Mobile
- Website
- https://venio.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Venio Mobile is a US-based 5G mobile virtual network operator that bundles low-cost voice, text, and data plans with an international funds transfer marketplace, primarily serving immigrants sending money and goods to family in Latin America and Southeast Asia.
- Ownership category
- akta.pro rank
Venio industry classification
Industry- Product category
- Mobile Telecommunications & International Remittance Services
- NAICS
- Telecommunications Resellers (517121), Telecommunications Resellers and Agents for Wireless Telecommunication Services (51712)
- SIC
- Radiotelephone Communications (4812)
- akta.pro primary industry
- Carrier Billing & Telco Mobile Money (FSAMAEAD)
- akta.pro secondary industry
- Wireless Networking Services (Wi‑Fi, Private LTE/5G) (BPAEAEAE)
Keywords
Where Venio is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
Venio business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations
Revenue model
- Mobile Phone Service Plans: Recurring subscription revenue from 5G voice, text, and data plans offered to US mobile customers
- International Transfer Services: Transaction-based fees charged for international fund transfers, bill payments, mobile top-ups, and marketplace purchases
- Hardware Sales: One-time revenue from sale of Venio-V1 Samsung Galaxy XCover smartphones bundled with the service
- Marketplace Commission: Commission-based revenue from third-party services including entertainment subscriptions (Netflix, Spotify), transportation (Uber), food delivery, and gaming offered through the international transfer platform
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Bring Your Own Device Plans |
| One time/ perpetual license | Monthly | Venio-V1 Phone Bundle |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels4 records
Venio product offering
Product offeringCore offering
Venio Mobile provides 5G mobile connectivity (talk, text, and data) along with a proprietary push-to-talk service (Venio To Talk) and an international funds transfer marketplace that lets users in the United States send money abroad restricted to specific categories — food, transportation, communication, bill payments, and gifting — through partner brands such as McDonald's, Google Play, Spotify, Netflix, Uber, and Xbox. The company also resells 5G-capable handsets including the Venio-V1 (Samsung Galaxy XCover) and operates as a no-contract mobile virtual network operator.
Product overview
Venio Mobile is a unified mobile service and financial platform that combines 5G US mobile phone connectivity with an international funds transfer marketplace. The core offering centers on the Venio Mobile App, which provides Talk, Text, and Data services alongside the Venio To Talk (VTT) push-to-talk feature for free instant communication. Users can either bring their own unlocked phone or purchase the Venio-V1 Samsung Galaxy XCover device. The International Transfer platform enables users to send mobile top-ups, pay bills, and gift products and services (including food, transportation, entertainment subscriptions, and gaming credits) to recipients in multiple countries worldwide.
Differentiator
Problem solved
Functional benefit
Brands
- Venio-V1: Samsung Galaxy XCover-based super app phone sold by Venio Mobile.
- Venio To Talk (VTT)
Products and services
- Venio Mobile App The Venio Mobile companion application for iOS and Android that supports the company's mobile service, plan management, and access to the international transfer marketplace for individual U.S. consumers.
- Venio Mobile, Data & Push-To-Talk Plans No-contract mobile service plans delivering talk, text, and data over 4G LTE/5G nationwide network access for individual U.S. consumers, with the included Venio To Talk push-to-talk capability.
- Venio To Talk (VTT) Free push-to-talk service offered alongside Venio Mobile plans for group and individual voice communication among subscribers on compatible networks.
- International Funds Transfer Marketplace International money transfer service that lets users in the United States send funds abroad through partner brand catalogs (McDonald's, Google Play, Spotify, Netflix, Uber, Xbox) with transfers traceable and restricted to spending categories such as food, transportation, communication, bill payments, and gifting.
- Venio-V1 (Samsung Galaxy XCover) Handset 5G-capable rugged Samsung Galaxy XCover handset retailed by Venio as an optional device for its mobile service subscribers, in addition to bring-your-own-device activation.
Companies that use Venio
Customer profileSegments2 records
Ideal customer profiles1 record
Venio technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Venio partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor and core.
- McDonald'sminorGlobal fast food brand partnership allowing Venio users to send food and meal transfers to family members through the international transfer marketplace.
- Google PlaycoreApp distribution partnership providing Android app hosting and potential integration for mobile top-ups and digital content purchases through the international transfer platform.
- SpotifyminorEntertainment subscription partnership enabling Venio users to gift Spotify Premium subscriptions internationally to friends and family.
- NetflixminorEntertainment subscription partnership enabling Venio users to gift Netflix subscriptions internationally to friends and family.
- UberminorTransportation service partnership allowing Venio users to send transportation credits to family members for local car, taxi, rail, and bus access in multiple countries.
- XboxminorGaming partnership enabling Venio users to send high-quality games, apps, and videos to loved ones internationally through the transfer marketplace.
Scale indicators1 record
Recent moves6 records
Expansion highlights4 records
Venio competitors and assessment
Company assessmentDirect peers
- Mint Mobile: Low-cost US prepaid MVNO selling bulk 5G/4G plans directly to consumers. Closely comparable to Venio's mobile service plan offering on the telecom side.
- Lebara: Ethnic-focused MVNO offering low-cost international calling and mobile plans to migrant communities in Europe and Australia. Closely comparable to Venio's immigrant-segment MVNO strategy with international communication built in.
- Lyca Mobile: Global ethnic-focused MVNO providing international calling and data plans targeted at migrant populations. Mirrors Venio's combination of low-cost mobile service with cross-border communication use cases.
- Remitly: US-headquartered digital remittance platform serving immigrants sending money to Latin America, Asia, and Africa. Directly comparable to Venio's international funds transfer marketplace targeting the same user base.
- WorldRemit: Digital remittance platform focused on mobile-to-mobile international transfers, including airtime top-ups and bill payments — overlapping directly with several Venio transfer marketplace categories.
- Sendwave: App-based remittance service focused on immigrants in the US, Canada, and UK sending money to Africa and Asia. Directly comparable to Venio's immigrant-targeted cross-border transfer value proposition.
Broad incumbents
- Wise (TransferWise): Large-scale cross-border money movement platform with multi-currency accounts and remittance. Comparable to Venio's international transfer functionality, though broader in scope and far larger in scale.
- Boost Mobile: Established US prepaid MVNO with nationwide wireless service. Comparable as a broader incumbent in the same MVNO category where Venio competes for budget-conscious subscribers.
- Cricket Wireless: AT&T-owned prepaid MVNO with broad US retail distribution. Comparable incumbent MVNO competing for the same cost-sensitive mobile customer segment as Venio.
Emerging players
- Pangea Money Transfer: App-based international remittance provider focused on US immigrants to Latin America, with mobile top-up and bill pay features. Comparable emerging player intersecting Venio's transfer marketplace categories.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Venio social profiles
Digital presenceVenio financial estimates
Financial estimateRevenue estimate
Valuation estimate
Venio leadership team
Management profileNumber of profiles
Profiles2 records
Venio funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Venio M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Venio
What does Venio do?
Venio Mobile provides 5G mobile connectivity (talk, text, and data) along with a proprietary push-to-talk service (Venio To Talk) and an international funds transfer marketplace that lets users in the United States send money abroad restricted to specific categories — food, transportation, communication, bill payments, and gifting — through partner brands such as McDonald's, Google Play, Spotify, Netflix, Uber, and Xbox. The company also resells 5G-capable handsets including the Venio-V1 (Samsung Galaxy XCover) and operates as a no-contract mobile virtual network operator.
Is Venio a public or private company?
Venio is a private company. It is classified as unknown and is currently operating.
When was Venio founded?
Venio was founded in 2018. It employs 11 to 50 people.
Where is Venio based?
Venio is headquartered in New York, United States, in the North America region.
How does Venio make money?
Four revenue lines are on record. Mobile Phone Service Plans are the primary driver. The others are international Transfer Services, hardware Sales and marketplace Commission.
Who are Venio's main competitors?
Direct peers on record are Mint Mobile, Lebara, Lyca Mobile, Remitly, WorldRemit and Sendwave. Broad incumbents are Wise (TransferWise), Boost Mobile and Cricket Wireless. Pangea Money Transfer is listed as an emerging player.
Does Venio have an API?
No public API is recorded for Venio.
What industry is Venio in?
Venio's product category is Mobile Telecommunications & International Remittance Services. Its primary akta.pro industry code is FSAMAEAD, Carrier Billing & Telco Mobile Money, with a secondary code of BPAEAEAE, Wireless Networking Services (Wi‑Fi, Private LTE/5G). Its NAICS code is 517121 and its SIC code is 4812.