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LoanPro vs Venmo: Which is a better fit?

Updated on February 16th, 2025
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Summary
Features in Loan Servicing
45
Best performer
48
  • Accounting
  • Activity Dashboard
  • Activity Tracking
5
48
User satisfaction
4.8
User reviews78
Ease of use
4.6
Functionality
4.8
Value for money
4.8
Customer support
4.9
4.7
User reviews9,210
Ease of use
4.7
Functionality
4.6
Value for money
4.8
Customer support
4.4
Price starts from
--
Yearly subscription
Free version
Free trial
--
Not provided by vendor
Free version
Free trial
Best for

Businesses looking for growth in the lending industry through scalability, automation, robust loan-configuration tools and compliant solutions.

Ideal for small to medium-sized enterprises, it is a mobile platform that helps users to carry out money transmissions.

User reviews
pros & cons
1 / 4
View Reviews
1 / 4
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Video reviews
No video reviews yet
video-e906297b-6985-42b0-5c4b-08dbaffe9474
Felicia T
Editorial Director
5.0

Felicia T.: Hi, my name is Felicia, and I'm an editorial director at a pretty small company, and I give Venmo a five. So before we started using Venmo, we were cobbling together different solutions in terms of both sending and receiving payments. There is a little old school ... you can still write and receive checks. But there was just some things about the speed and the ease and the delivery that made some of our solutions that we were using prior to Venmo pretty challenging. So some of the reasons we chose to use Venmo include the speed, the ease, the user interface; pretty easy to utilize and to also choose who you are sending and receiving from. You can even send requests for payment through Venmo, which is a feature I really like a lot, and it's pretty easy to see the reports of different transactions. So I found Venmo pretty easy to get started with: low barrier to entry, onboarding was pretty simple. They make it really user-friendly in terms of just figuring out how to choose, how to find people, how to make payments, how to receive payments. There's a little bit of clicking around, which is going to be the case with any kind of new software. But I love the graphics interface. I love the user experience. I've found it pretty easy to onboard both for myself and for other people who are using the app. All right, so here's some advice. If you know that you want to send payments to specific vendors, specific people, specific organizations that you're working with, make sure you know what their name is on Venmo, or what their login or their phone number or whatever it is that you are using to connect with them. So really clearly have that information, because sometimes people's names can sound really similar. And you want to make sure that you're either sending payments to the right person or requesting payments from the right person. So I would say that's the biggest piece of advice: be really clear on the usernames, on that interface, because sometimes names can sound really similar, and you don't want to have to clean up any messes later.

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LoanPro

Top Features
45/48
  • Lead Management
  • Multi-Currency
  • Pipeline Management
  • Accounting
  • ACH Payment Processing
  • Activity Dashboard
  • Activity Tracking
  • Alerts/Notifications
  • Amortization Schedule
  • API
  • Approval Process Control
  • Audit Trail
  • Auto Loans
  • Automatic Funds Distribution
  • Borrower Management
  • Business Loans
  • Collateral Tracking
  • Compliance Management
  • Construction Loans
  • Contact Management
  • Credit Reporting
  • CRM
  • Customer Database
  • Customizable Reports
  • Customizable Templates
  • Data Import/Export
  • Data Security
  • Digital Signature
  • Document Management
  • Document Storage
  • Electronic Payments
  • Escrow Management
  • Investor Management
  • Loan Portfolio Management
  • Loan Processing
  • Mobile Access
  • Mortgages
  • Multi-Channel Communication
  • Multi-Company
  • Payment Collection
  • Payment Reminders
  • PCI Compliance
  • Reporting/Analytics
  • Role-Based Permissions
  • Student Loans
  • Third-Party Integrations
  • Transaction History
  • Workflow Management
See All features
Hide Loan Servicing Software Features -

Venmo

5/48
Show Loan Servicing Software Features +
LoanPro
Deployment
  • Cloud, SaaS, Web-Based
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
Support
  • Email/Help Desk
  • FAQs/Forum
  • Knowledge Base
  • Phone Support
  • 24/7 (Live rep)
  • Chat
Training
  • In Person
  • Live Online
  • Webinars
  • Documentation
  • Videos
Venmo
Deployment
  • Cloud, SaaS, Web-Based
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
Support
  • Email/Help Desk
  • FAQs/Forum
  • Knowledge Base
  • Phone Support
  • 24/7 (Live rep)
  • Chat
Training
  • In Person
  • Live Online
  • Webinars
  • Documentation
  • Videos
LoanPro
  • By LoanPro
  • Located in United States
  • Founded in 2015
Venmo
  • By PayPal
  • Located in United States
  • Founded in 1998
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