Netspend

Acquired

Austin, United States · Founded 1999

Headquarters
Austin, Texas
Employees
1001–5000
Founded
1999
Business Model
B2C
Last Round
Venture RoundMay 2004
Rounds
1

About

Founded in 1999 by prepaid debit industry pioneers Roy and Bertrand Sosa, Netspend is one of the leading prepaid and debit card providers in the United States, headquartered in Austin, Texas. The company serves millions of Americans by providing innovative payment products including prepaid Visa and Mastercard cards, debit accounts, and savings accounts that offer convenience, security, and financial access to underbanked consumers. Netspend has processed over 1 trillion in funds through its network of 130,000+ distribution locations and has registered more than 200 million accounts. Netspend operates as a flagship product of Ouro, its parent company.

Summary

Netspend is a Fintech company based in Austin, United States, founded in 1999. Its most recent funding was a Venture Round round in May 2004. Investors include Total System Services and Oak Investment Partners.

Tech & App Stack

1 technologies & apps tracked

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Funding History

AcquisitionMar 2013
$1.4B

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Investors

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