About Prepaid Technologies
Prepaid Technologies is a Financial Services company based in Birmingham (United States) founded in 1998. Prepaid card solutions are offered to banks and businesses. Prepaid Technologies has raised $101 million across 2 funding rounds from investors including StepStone Group and Edison Partners. The company has 29 employees. Prepaid Technologies has completed 3 acquisitions, including Karmic Labs, WorkStride and dash. Prepaid Technologies offers products and services including dashPay, dashSpend, dashDisburse, and dashReward. Its focus areas include FinTech, Payments, Enablers and White Label Solutions. Its legal entity is Prepaid Technologies, Inc. Its competitors include Paysign, Apto Payments and Rain; 2 of its 3 listed competitors have raised funding.
Company details
Prepaid Technologies was founded in 1998 in Birmingham, United States, and operates in the financial services sector focused on prepaid card issuance. A range of products is provided, including payroll and payment cards, corporate purchasing cards, reward and incentive cards, gift cards, smart banking college cards, and travel cards. Services related to card programs are managed, encompassing turnkey programs, custom solutions, program development, and ongoing administration for banks and businesses.
- Headquarters Birmingham, United States
- Employees 29
- SectorsFinancial Services
- Website in-prepaid.com
- Social LinkedIn
- Legal Name Prepaid Technologies, Inc
- Total Equity Funding$101M (USD)
in 2 rounds
- Latest Funding Round$96M (USD), Series B
Nov 2021
- InvestorsStepStone Group
& 1 more
- Employee Count29
- Investments & AcquisitionsKarmic Labs
& 2 more
Products & Services of Prepaid Technologies
Prepaid Technologies offers a comprehensive portfolio of products and services, including dashPay, dashSpend, dashDisburse, and dashReward.
Modernizes payroll with electronic wage delivery for employees.
Controls corporate expenses through digital tracking and reporting.
Facilitates secure digital payments for refunds and government funds.
Offers flexible prepaid cards for employee incentives and recognition.
Funding Insights of Prepaid Technologies
Prepaid Technologies has successfully raised a total of $101M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $96 million completed in November 2021. 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 $101M
- Total Rounds 2
- Last Round Series B — $96M
- First Round $5M
(Aug 2016)
- Investors Count 2
All 2 funding rounds of Prepaid Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2021 | $96M | Series B | – | Edison Partners, StepStone Group | – |
| Aug 2016 | $5M | Series A | – | – | – |
2 investors in total: 2 institutional.
Investors in Prepaid Technologies
Prepaid Technologies has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include StepStone Group and Edison Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of a growth equity firm for adaptive and personalized plans | edisonpartners.com | Princeton, United States | ||
Diversified asset management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors | 2007 | stepstonegroup.com | New York, United States |
Investor details for Prepaid Technologies
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Investments & Acquisitions by Prepaid Technologies
Prepaid Technologies has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Karmic Labs, WorkStride and dash.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Employee engagement and rewards are provided via a SaaS platform. | workstride.com | New York, United States | 1999 | Jul 2022 | •••• | |
Employee expenses are managed via an instant funding app. | getdash.io | San Francisco, United States | 2014 | Mar 2019 | •••• | |
Cloud-driven spend management and expense cards are offered to businesses. | karmiclabs.com | San Francisco, United States | 2014 | Mar 2019 | •••• |
Complete acquisition details for Prepaid Technologies
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Timeline of Prepaid Technologies
6 dated milestones of Prepaid Technologies across 24 years, from founding to its latest funding, stage changes and deals.
- Founded Prepaid Technologies is founded.
- Funding First funding round of $5.0M.
- Acquisition Acquires Karmic Labs.
- Acquisition Acquires dash.
- Funding Latest funding round, Series B, of $96.0M.
- Acquisition Acquires WorkStride.
Competitors of Prepaid Technologies
Prepaid Technologies has 3 listed competitors in our database, 2 of them funded. They include Paysign, Apto Payments and Rain.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paysign.com | 1995 | Henderson, United States | 56 | Prepaid card payment solutions are provided for business sectors. | ||
| aptopayments.com | 2014 | San Francisco, United States | $45.57M | White-label solutions for prepaid card issuance | ||
| rain.xyz | 2021 | Brooklyn, United States | $338M | Stablecoin-powered cards and payment infrastructure are provided by Rain. |
Detailed competitors of Prepaid Technologies
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Web traffic of Prepaid Technologies
The website of Prepaid Technologies (in-prepaid.com) receives about 2.8K visits a month.
- Monthly visits2.8K
▲ 1.9% vs previous month
Websites whose visitors overlap most with Prepaid Technologies. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| dashsolutions.com | 100% | 42.4K | #411,442 | View details |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Prepaid Technologies (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Related news about Prepaid Technologies
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Frequently Asked Questions about Prepaid Technologies
Prepaid Technologies was founded in 1998 and raised its 1st funding round 18 years after it was founded.
Prepaid Technologies is headquartered in Birmingham, United States. It is registered at Birmingham, Alabama, United States.
Prepaid Technologies is a funded company, having raised a total of $101M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Aug 2016.
Prepaid Technologies has 29 employees.
Prepaid Technologies was founded in 1998 in Birmingham, United States, and operates in the financial services sector focused on prepaid card issuance. A range of products is provided, including payroll and payment cards, corporate purchasing cards, reward and incentive cards, gift cards, smart banking college cards, and travel cards. Services related to card programs are managed, encompassing turnkey programs, custom solutions, program development, and ongoing administration for banks and businesses.
Prepaid Technologies's top competitors include Paysign, Apto Payments and Rain.
Prepaid Technologies offers dashPay, dashSpend, dashDisburse, and dashReward.
Prepaid Technologies has made 3 acquisitions, including Karmic Labs, WorkStride, and dash.
Prepaid Technologies has 2 investors. Key investors include StepStone Group, and Edison Partners.
Prepaid Technologies operates through Prepaid Technologies, Inc.