How much funding has Revolution Money (Acquired) raised?

Revolution Money (Acquired) has raised $42.0M in total funding, most recently a Series C round.

Who are Revolution Money (Acquired)'s investors?

Revolution Money (Acquired)'s investors include Goldman Sachs.

When was Revolution Money (Acquired) founded?

Revolution Money (Acquired) was founded in 2006.

Where is Revolution Money (Acquired) headquartered?

Revolution Money (Acquired) is headquartered in St. Petersburg, Florida, United States.

What industry is Revolution Money (Acquired) in?

Revolution Money (Acquired) operates in Fintech.

How many employees does Revolution Money (Acquired) have?

Revolution Money (Acquired) has 51-200 employees.

Revolution Money (Acquired)

Acquired

St. Petersburg, United States · Founded 2006 · $42.0M raised

Fintech

Headquarters: St. Petersburg, Florida
Employees: 51–200
Founded: 2006
Business Model: B2C

Website: revolutionmoney.com
Total Funding: $42.0M
Last Round: $42.0M Series CApr 2009
Rounds: 1

About

Revolution Money was an American financial services company founded in 2005 in St. Petersburg, Florida, by Jason J. Hogg. Initially operating as GratisCard Inc., the company launched publicly in 2007 with a mission to disrupt the payments industry through a proprietary PIN-based payment system that charged merchants only 0.5% per transaction — significantly below the industry average of 2–2.5%. Its core products included the RevolutionCard (a PIN-based prepaid debit card with no printed account number), and Revolution MoneyExchange, a fee-free peer-to-peer transfer service integrated with AOL's AIM instant messenger. Backed by Revolution LLC (Steve Case), Citigroup, Morgan Stanley, and Deutsche Bank, the company grew to over 400,000 customers before being acquired by American Express in November 2009 for approximately $300 million.

Summary

Revolution Money (Acquired) is a Fintech company based in St. Petersburg, United States, founded in 2006. It has raised $42.0M in total across 1 round, most recently a $42.0M Series C round in Apr 2009. Investors include Goldman Sachs.