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Acquired byAmerican Express
Price$300M
Date11/2009

General Information

Websiterevolutionmoney.com
CategoryFinance/Venture
Employees
DescriptionFinancial Services

Offices

Headquarters
P.O. Box 669
St. Petersburg, FL, 33731
USA

People

COO
CFO
CMO
SVP, Bank Relations
SVP, IT Operations
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Board
Board
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Revolution Money

Revolution Money is a financial services company with the goal of disrupting incumbent credit companies and PayPal. Revolution Money’s credit card, the RevolutionCard, differs from other credit cards by using PIN-activation, rather than signatures This allows the card to be printed without any personally identifying information, which the company claims helps to reduce identity theft. The card transactions are also processed on an internet-based system, allowing the company to drastically reduce its processing fees. Revolution Money’s other main service is MoneyExchange, which pretty much does what one would think – let users transfer money between one another – but, uniquely, a MoneyExchange account holders can use a Revolution Money Debit/ATM card so money can be accessed at stores or withdrawn from ATMs. Transfers between Revolution Money account holders are free.

Revolution Money is partially owned by Revolution, LLC, an investment firm and holding company owned by AOL-founder Steve Case. The company’s board also boasts an impressive number of financial luminaries, including Lawrence Summers, former US Secretary of the Treasury; Franklin Raines, former CEO of Fannie Mae; Russell Hogg, former President and CEO of MasterCard; David Pottruck, former CEO of Charles Schwab; and David Golden, former Vice Chairman of JPMorgan.

Other online companies in the personal finance space include Paypal, Wesabe, expensr, and Mint.

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MoneyExchange

Websiterevolutionmoneyexchange.com
StageLive
Tags moneytransfer, moneyexchange, money-transfer
Revolution Money screenshot
Above: MoneyExchange Screenshot -- #1
Uploaded: 2/5/08

RevolutionCard

Websiterevolutioncard.com
StageLive
Tags creditcard, credit-card
Revolution Money screenshot
Above: RevolutionCard Screenshot -- #1
Uploaded: 2/5/08

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Revolutionmoney

Sources

  1. American Express Acquiring Steve Case's Revolution Money For $300 Million (AXP) (businessinsider.com) [edit]
  2. Revolution Money raises $50M to take on PayPal, upend credit card industry (venturebeat.com) [edit]
  3. WSJ (blogs.wsj.com) [edit]
  4. VC on TV: RRE’s Robinson Discloses New Deal (pehub.com) [edit]
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Last Edited 4/14/14

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