NetSpend Overview

  • Year Founded
  • 1999

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 654

Employees

  • Latest Deal Type
  • M&A
  • (Cancelled)

  • Financing Rounds
  • 6

  • Investments
  • 4

NetSpend General Information

Description

Provider of general-purpose reloadable prepaid debit cards and related alternative financial services to underbanked consumers in the United States. The company also offers various products and services to its cardholders, such as direct deposit, interest-bearing savings accounts, bill pay functionality, card-to-card transfer capability, personal financial management tools and online and mobile phone card account access, as well as overdraft protection through its issuing Banks and complimentary insurance coverage services.

Contact Information

Website
www.netspend.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Private Equity-Backed
Corporate Office
  • PO Box 2136
  • Austin, TX 78768-2136
  • United States
+1 (866)
Primary Industry
Other Financial Services
Other Industries
Financial Software
Parent Company
Ouro Global
Vertical(s)
TMT, FinTech
Corporate Office
  • PO Box 2136
  • Austin, TX 78768-2136
  • United States
+1 (866)

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NetSpend Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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NetSpend Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of general-purpose reloadable prepaid debit cards and related alternative financial services to underbanked con
Other Financial Services
Austin, TX
654 As of 2023

Cau Giay, Vietnam

West Chester, OH
 
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NetSpend Competitors (21)

One of NetSpend’s 21 competitors is Gopay Vietnam Payment Services, a Corporate Backed or Acquired company based in Cau Giay, Vietnam.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Gopay Vietnam Payment Services Corporate Backed or Acquired Cau Giay, Vietnam
UniRush Formerly PE-Backed West Chester, OH
Ingo Money Private Equity-Backed Alpharetta, GA
Monese Formerly VC-backed London, United Kingdom
PayNearMe Venture Capital-Backed Santa Clara, CA
You’re viewing 5 of 21 competitors. Get the full list »

NetSpend Patents

  • 20

    Total Documents Applications and Grants

  • Total Patents Families

  • 1

    Granted

  • Pending

  • Expiring in next 12 mo

NetSpend Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
CA-3025165-A1 System and method for account security Inactive 25-May-2016
EP-3465585-A1 System and method for account security Inactive 25-May-2016
AU-2017269808-A1 System and method for account security Inactive 25-May-2016
US-20170344985-A1 System and method for account security Inactive 25-May-2016
EP-3465585-A4 System and method for account security Inactive 25-May-2016 G06Q20/40
To view NetSpend’s complete patent history, request access »

NetSpend Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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NetSpend Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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NetSpend Investments (4)

NetSpend’s most recent deal was a PIPE with Pathward for . The deal was made on 01-Oct-2012.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Pathward 01-Oct-2012 PIPE National Banks
Pathward 29-Jan-2010 PIPE National Banks
Procesa International 14-Oct-2008 Buyout/LBO BPO/Outsource Services
Skylight Financial 15-Jul-2008 Buyout/LBO Other Financial Services
To view NetSpend’s complete investments history, request access »

NetSpend Exits (2)

NetSpend’s most recent exit was on 01-Oct-2012 from Pathward. The exit was categorized as with 7 buyers.

Company Name Exit Date Exit Type Exit Size Status Buyers
Pathward 01-Oct-2012 Completed
  • 7 buyers
Pathward 29-Jan-2010 PIPE Completed
To view NetSpend’s complete exits history, request access »

NetSpend FAQs

  • When was NetSpend founded?

    NetSpend was founded in 1999.

  • Where is NetSpend headquartered?

    NetSpend is headquartered in Austin, TX.

  • What is the size of NetSpend?

    NetSpend has 654 total employees.

  • What industry is NetSpend in?

    NetSpend’s primary industry is Other Financial Services.

  • Is NetSpend a private or public company?

    NetSpend is a Private company.

  • What is the current valuation of NetSpend?

    The current valuation of NetSpend is .

  • What is NetSpend’s current revenue?

    The current revenue for NetSpend is .

  • How much funding has NetSpend raised over time?

    NetSpend has raised $204M.

  • Who are NetSpend’s investors?

    Gefinor Capital, IA Capital Group, Inter-Atlantic Advisors, JLL Partners, and Limestone Capital Advisors are 5 of 9 investors who have invested in NetSpend.

  • Who are NetSpend’s competitors?

    Gopay Vietnam Payment Services, UniRush, Ingo Money, Monese, and PayNearMe are some of the 21 competitors of NetSpend.

  • When was NetSpend acquired?

    NetSpend was acquired on 02-Oct-2020.

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