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
*********
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Website
*********
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Social
*********
- Legal Name Prepaid Technologies, Inc
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Annual Revenue
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Net Profit
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EBITDA
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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. 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.
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 Total Funding
- Total Rounds 2
- Last Round Series B — $96.0M
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First Round
First Round
(09 Aug 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - Prepaid Technologies | Valuation | Edison Partners , StepStone Group |
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| Aug, 2016 | Amount | Series A - Prepaid Technologies | Valuation |
investors |
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| 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 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. 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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Provider of a growth equity firm for adaptive and personalized plans
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Founded Year | Domain | Location | |
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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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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 Prepaid Technologies
Prepaid Technologies has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Karmic Labs, WorkStride and dash. 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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Cloud-driven spend management and expense cards are offered to businesses.
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2014 | ||||
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Employee expenses are managed via an instant funding app.
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2014 | ||||
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Employee engagement and rewards are provided via a SaaS platform.
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1999 |
| 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 - Prepaid Technologies
| 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 |
Prepaid Technologies Comparisons
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. 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 |
Prepaid card payment solutions are provided for business sectors.
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| domain | founded_year | HQ Location |
White-label solutions for prepaid card issuance
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| domain | founded_year | HQ Location |
Stablecoin-powered cards and payment infrastructure are provided by Rain.
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| domain | founded_year | HQ Location |
Debit card and money transfer platform provider.
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| domain | founded_year | HQ Location |
Offers prepaid cards and program management for financial growth solutions.
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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 Prepaid Technologies
Frequently Asked Questions about Prepaid Technologies
When was Prepaid Technologies founded?
Prepaid Technologies was founded in 1998 and raised its 1st funding round 18 years after it was founded.
Where is Prepaid Technologies located?
Prepaid Technologies is headquartered in Birmingham, United States. It is registered at Birmingham, Alabama, United States.
Is Prepaid Technologies a funded company?
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 09, 2016.
How many employees does Prepaid Technologies have?
As of Dec 31, 2021, the latest employee count at Prepaid Technologies is 29.
What does Prepaid Technologies do?
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.
Who are the top competitors of Prepaid Technologies?
Prepaid Technologies's top competitors include Paysign, Apto Payments and Akimbo Prepaid MasterCard.
What products or services does Prepaid Technologies offer?
Prepaid Technologies offers dashPay, dashSpend, dashDisburse, and dashReward.
How many acquisitions has Prepaid Technologies made?
Prepaid Technologies has made 3 acquisitions, including Karmic Labs, WorkStride, and dash.
Who are Prepaid Technologies's investors?
Prepaid Technologies has 2 investors. Key investors include StepStone Group, and Edison Partners.