Company profile: Netspend
1.1 - Company Overview
Company description
- Provider of reloadable prepaid Visa and MasterCard debit cards and related financial services for un- and underbanked consumers, offering direct deposit (up to two days faster), mobile check load, Payback Rewards cash back, Anytime Alerts, and an optional savings account up to 6.00% APY, marketed as an alternative to cash, credit, and traditional banking relationships.
Products and services
- Direct Deposit: Early-availability direct deposit service automatically loads paychecks or government benefits to NetSpend accounts up to two days faster
- Netspend Prepaid Cards: Network-backed reloadable prepaid Visa/MasterCard debit card system enabling direct deposit, shopping, and paying bills as an alternative to cash, credit, and traditional banking
- Savings Account: Optional, APY-specified savings account offering up to 6.00% APY, available to NetSpend account holders for saving money
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Netspend
ClearXchange
HQ: United States
Website
- Description: Provider of a digital payments network enabling P2P, B2C, and G2C transactions for member banks. Allows people and businesses to securely send or receive money to/from anyone with a U.S. bank account, working through mobile banking apps from Bank of America, Capital One, Chase, and First Bank. Offers Disbursements with Zelle to receive funds directly into bank accounts via enrolled email or U.S. mobile number.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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IDology
HQ: United States
Website
- Description: Provider of identity verification and fraud prevention technology for customer-not-present environments, delivering automated identity and age checks, document and biometric authentication, AML/KYC compliance, multi-layered fraud management with machine learning and human oversight, and global data intelligence leveraging public and private sources, including sanctions and PEP lists.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Settle
HQ: Norway
Website
- Description: Provider of the Settle mobile payment network in Europe, offering Settle for You (instant payments and requests via mobile numbers with card integration), Settle for Business (hardware-free acceptance, payment requests, instant payouts across Europe), Settle for Developers, Settle for Brands, an affiliate program, and Banking-as-a-Service for payments, currency exchange, and fund management.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Jack Henry
HQ: United States
Website
- Description: Provider of integrated computer systems and ATM/debit card/ACH transaction processing services for financial institutions and commercial banks, supporting in-house and outsourced data processing. Offers digital banking, payments modernization, operations technology, information security and compliance, lending solutions, and financial crimes and fraud risk tools, serving more than 9,800 customers nationwide.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Arcus
HQ: United States
Website
- Description: Provider of a PaaS, multi-rail payment platform enabling real-time account-to-account payments (24/7, Banco de México's SPEI compliant), and a pay network connecting banks, fintechs, service providers, and merchants. Offers payment of services (utilities, credit cards), cash deposits and withdrawals at points of sale, and prepaid top-ups for airtime, data, and streaming.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Arcus company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Netspend
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Netspend
2.2 - Growth funds investing in similar companies to Netspend
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4 - Top valuation comps for Netspend
4.2 - Public trading comparable groups for Netspend
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