Braintree NVC 2007 first place winner

Braintree provides payment processing options for thousands of online and mobile companies including Airbnb, Uber, Fab and LivingSocial. Braintree is now a subsidiary of PayPay, and is in 46 markets across North America, Europe, Asia, and Australia.

NVC Team Members: Bryan Johnson, MBA '07, Chris Kaltenbach, MBA '07, James MacEachern, MBA '07, and Wes Thompson, MBA '07

Track: Traditional NVC

Year: 2007

Place: 1st Place

Prize: $25,000

Company Founded: 2007


  • Bill Ready, CEO
  • Juan Benitez, CTO 
  • Amit Jhawar, COO

Headquartered: Chicago, Illinois (USA)

Industry: Software/Technology, Payments


Social Media: @braintree

Funding Raised: Yes (see Crunchbase)


  • Won first place at the Edward L. Kaplan, ’71, New Venture Challenge (NVC) finals in 2007
  • Launched its payment platform in 2010
  • Acquired Venmo, which lets you pay friends for things like drinks or a cab ride using a bank transfer, debit card, or credit card, in August 2012
  • Acquired by PayPal for $800 million and joins the eBay family in September 2013