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

Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Private Equity-Backed
Primary Industry
Other Financial Services
Other Industries
Financial Software
Parent Company
Corporate Office
  • PO Box 2136
  • Austin, TX 78768-2136
  • United States
+1 (866) 000-0000

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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
00000
000 0000-00-00
000000&0

0000 0

m, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo conse
000000000 00000000
Alpharetta, GA
000 As of 0000
00000
00000000000 00000

0000 (

dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt u
000000000 00000000
Sao Paulo, Brazil
0000 As of 0000
00000
00.00 0000-00-00
0000000 0000 00000
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NetSpend Competitors (19)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Ingo Money Private Equity-Backed Alpharetta, GA 000 00000 00000000000 00000
Dock (Sao Paulo) Private Equity-Backed Sao Paulo, Brazil 0000 00000 0000000 0000 00000
Green Dot Formerly VC-backed Austin, TX 0000 00000 000000000 00000
PayNearMe Venture Capital-Backed Santa Clara, CA 000 00000 00000000000 00000
Boku Formerly VC-backed San Francisco, CA 000 00000 000000000 00000
You’re viewing 5 of 19 competitors. Get the full list »

NetSpend Executive Team (12)

Name Title Board Seat Contact Info
James DeVoglaer Executive Vice President, Information Technology
Roy Sosa Co-Founder, Chief Executive Officer & Chairman
Kelley Knutson President
Beth Deck Chief Financial Officer
Shannon Johnston Chief Technology Officer
You’re viewing 5 of 12 executive team members. Get the full list »

NetSpend Board Members (1)

Name Representing Role Since
000 0000 Self Co-Founder, Chief Executive Officer & Chairman 000 0000
To view NetSpend’s complete board members history, request access »

NetSpend Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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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)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Pathward 01-Oct-2012 0000 000.00 National Banks
Pathward 29-Jan-2010 0000 00.00 National Banks
Procesa International 14-Oct-2008 0000000000 BPO/Outsource Services
Skylight Financial 15-Jul-2008 Buyout/LBO 00000 Other Financial Services
To view NetSpend’s complete investments history, request access »

NetSpend Exits (2)

Company Name Exit Date Exit Type Exit Size Status Buyers
Pathward 01-Oct-2012 0000 000.00 Completed
  • 7 buyers
Pathward 29-Jan-2010 PIPE 00.00 Completed
To view NetSpend’s complete exits history, request access »

NetSpend FAQs

  • When was NetSpend founded?

    NetSpend was founded in 1999.

  • Who is the founder of NetSpend?

    Roy Sosa and Bertrand Sosa are the founders of NetSpend.

  • Who is the CEO of NetSpend?

    Roy Sosa is the CEO of NetSpend.

  • 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 000.

  • What is NetSpend’s current revenue?

    The current revenue for NetSpend is 00000.

  • 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?

    Ingo Money, Dock (Sao Paulo), Green Dot, PayNearMe, and Boku are some of the 19 competitors of NetSpend.

  • When was NetSpend acquired?

    NetSpend was acquired on 02-Oct-2020.

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