About NetSpend
NetSpend is a company based in Austin (United States) founded in 1999 was acquired by Rev Worldwide in August 2022.. NetSpend operates in a competitive market with competitors including Super, Fold, Blackhawk Network, Card.com and Ugami, among others.
- Headquarter Austin, United States
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Netspend Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
TSYS
& 2 more
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Employee Count
Employee Count
- Acquired by
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Funding Insights of NetSpend
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2001 | Amount | Unspecified - NetSpend | Valuation |
investors |
| 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 NetSpend
NetSpend has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include TSYS, Rev Worldwide and IA Capital Group. 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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Venture capital firm focused on tech startups
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Founded Year | Domain | Location | |
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Issuer processing solutions for payments and card services are provided.
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Founded Year | Domain | Location | |
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Co-branded card programs are managed for business partners worldwide.
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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 NetSpend
| 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 |
Financial Statements - NetSpend
| 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 |
Netspend Comparisons
Competitors of NetSpend
NetSpend 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, Fold, Blackhawk Network, Card.com and Ugami, 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 |
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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Latest news on Netspend
Frequently Asked Questions about NetSpend
When was NetSpend founded?
NetSpend was founded in 1999 and raised its 1st funding round 2 years after it was founded.
Where is NetSpend located?
NetSpend is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of NetSpend?
Kelley Knutson is the current CEO of NetSpend.
What does NetSpend do?
NetSpend is a processor and marketer of prepaid Visa and MasterCard debit cards. NetSpend markets its products as an alternative to cash, credit, and traditional banking relationships. The cards can be used for omnichannel transactions including ATM withdrawal, online payment, in-store payments, and P2P money transfer. The cards can be reloaded via multiple channels like online direct deposit, at over 100,000 physical stores, PayPal, and bank account transfer. NetSpend also offers a line of Visa and MasterCard branded Gift cards and a Visa Travel Money card product. It has a nationwide network of more than 70,000 distribution locations and 130,000 reload points.
Who are the top competitors of NetSpend?
Who are NetSpend's investors?
NetSpend has 3 investors. Key investors include TSYS, Rev Worldwide, and IA Capital Group.
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