About AccountNow
AccountNow is a company based in San Ramon (United States) founded in 2003 was acquired by Green Dot in February 2015.. AccountNow has raised $12.75 million across 1 funding round from investors including Green Dot, Trident Capital and Invesco. AccountNow has completed 1 acquisition, including nFinanSe. AccountNow offers products and services including Overdraft Protection, High-Yield Savings, Secured Credit Card, and Direct Deposit Service. AccountNow operates in a competitive market with competitors including Super, NetSpend, Fold, Blackhawk Network and Card.com, among others.
- Headquarter San Ramon, United States
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Green Dot Bank
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Products & Services of AccountNow
AccountNow offers a comprehensive portfolio of products and services, including Overdraft Protection, High-Yield Savings, Secured Credit Card, and Direct Deposit Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers up to $200 coverage for overdrafts with eligible deposits.
Provides 4.50% APY on balances up to $5,000 quarterly.
Helps build credit with no annual fee or credit check.
Enables early access to pay and government benefits.
Funding Insights of AccountNow
AccountNow has successfully raised a total of $12.75M through 1 strategic funding round. The most recent funding activity was a Series C round of $12.75 million completed in June 2007. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series C — $12.8M
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First Round
First Round
(29 Jun 2007)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2007 | Amount | Series C - AccountNow | Valuation | Trident Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AccountNow
AccountNow has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Green Dot, Trident Capital and Invesco. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Stage-agnostic investments in US ventures are made by Trident Capital.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Investments in cybersecurity, AI, and financial services sectors are handled by Granite Hill Capital Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AccountNow
AccountNow has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include nFinanSe. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Prepaid card solutions and reload networks are provided nationwide.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AccountNow
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Accountnow Comparisons
Competitors of AccountNow
AccountNow operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Super, NetSpend, Fold, Blackhawk Network and Card.com, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for discovering and booking hotel accommodations at discounted prices
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| domain | founded_year | HQ Location |
Prepaid Visa and MasterCard debit cards are processed and marketed.
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| domain | founded_year | HQ Location |
NFC-enabled prepaid cards with Bitcoin rewards are provided.
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| domain | founded_year | HQ Location |
Prepaid cards for employee financial benefits are provided.
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| domain | founded_year | HQ Location |
Designer pre-paid payment cards are offered for omni-channel transactions.
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| domain | founded_year | HQ Location |
Digital banking services are offered to gamers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about AccountNow
When was AccountNow founded?
AccountNow was founded in 2003 and raised its 1st funding round 4 years after it was founded.
Where is AccountNow located?
AccountNow is headquartered in San Ramon, United States. It is registered at San Ramon, California, United States.
Who is the current CEO of AccountNow?
Tim Coltrell is the current CEO of AccountNow.
Is AccountNow a funded company?
AccountNow is a funded company, having raised a total of $12.75M across 1 funding round to date. The company's 1st funding round was a Series C of $12.75M, raised on Jun 29, 2007.
What does AccountNow do?
AccountNow was established in 2003 in San Ramon, United States, within the financial services sector. Prepaid VISA cards are issued to individuals without access to traditional banking. Operations center on facilitating secure transactions and account management for underserved populations. Services include card loading, bill payments, and direct deposits, with a focus on domestic users in the U.S. market. Leadership is provided by CEO Tim Coltrell.
Who are the top competitors of AccountNow?
What products or services does AccountNow offer?
AccountNow offers Overdraft Protection, High-Yield Savings, Secured Credit Card, and Direct Deposit Service.
How many acquisitions has AccountNow made?
AccountNow has made 1 acquisition, including nFinanSe.
Who are AccountNow's investors?
AccountNow has 7 investors. Key investors include Green Dot, Trident Capital, Invesco, Jasper Ridge Partners, and VSP Capital.
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