About Prepaid Technologies
Prepaid Technologies is a company based in Birmingham (United States) founded in 1998. Prepaid Technologies has raised $101 million across 2 funding rounds from investors including StepStone Group and Edison Partners. The company has 29 employees as of December 31, 2021. Prepaid Technologies has completed 3 acquisitions, including Karmic Labs, WorkStride and dash. Prepaid Technologies offers products and services including dashPay, dashSpend, dashDisburse, and dashReward. Prepaid Technologies operates in a competitive market with competitors including Paysign, Apto Payments, Rain, Akimbo Prepaid MasterCard and Prepaid Ventures, among others.
- Headquarter Birmingham, United States
- Employees 29 as on 31 Dec, 2021
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Prepaid Technologies, Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$101 M (USD)
in 2 rounds
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Latest Funding Round
$96 M (USD), Series B
Nov 02, 2021
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Investors
StepStone Group
& 1 more
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Employee Count
29
as on Dec 31, 2021
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Investments & Acquisitions
Karmic Labs
& 2 more
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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.
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 |
|---|---|---|---|---|
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Provider of a growth equity firm for adaptive and personalized plans
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Locked | Locked | Locked | |
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Diversified asset management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors
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Locked | Locked | Locked |
Investor details for Prepaid Technologies
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Verified entity values are shown only after access is granted.
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.
Investment portfolio details for Prepaid Technologies
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-driven spend management and expense cards are offered to businesses.
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Locked | Locked | 2014 | Locked | |
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Employee expenses are managed via an instant funding app.
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Locked | Locked | 2014 | Locked | |
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Employee engagement and rewards are provided via a SaaS platform.
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Locked | Locked | 1999 | Locked |
Complete acquisition details for Prepaid Technologies
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
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- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Prepaid Technologies
Detailed financials for Prepaid Technologies
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- Profit trends
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Prepaid Technologies Comparisons
Peer comparison for Prepaid Technologies
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Competitors of Prepaid Technologies
Prepaid Technologies 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 Paysign, Apto Payments, Rain, Akimbo Prepaid MasterCard and Prepaid Ventures, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Prepaid card payment solutions are provided for business sectors.
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White-label solutions for prepaid card issuance
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| Locked | Locked | Locked |
Stablecoin-powered cards and payment infrastructure are provided by Rain.
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| Locked | Locked | Locked |
Debit card and money transfer platform provider.
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| Locked | Locked | Locked |
Offers prepaid cards and program management for financial growth solutions.
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Detailed competitors of Prepaid Technologies
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- Full company profiles
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Latest news on Prepaid Technologies
Complete news archive for 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.
As of Dec 31, 2021, the latest employee count at Prepaid Technologies is 29.
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 Akimbo Prepaid MasterCard.
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.