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Revolution Money

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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a MoneyExchange account holders can use a Revolution Money Debit/ATM card so money can be accessed at stores or withdrawn from ATMs.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.

Recent Milestones

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• 
  Revolution Money was acquired by American Express for $300M. (11/18/09)
  Posted 11/18/09 at 4:49pm via businessinsider.com
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  Revolution Money received $42M in Series C funding. (4/6/09)
  Posted 4/6/09 at 6:21am via wsj.com
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  Revolution Money added chet justice as Oracle Developer/DBA. (5/29/08)
  Posted 4/28/09 at 8:04pm
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  Revolution Money received $50M in Series B funding. (9/1/07)
  Posted 11/15/07 at 1:02pm
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  Revolution Money added Russell Hogg as Board.
  Posted 12/10/07 at 11:35am
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  Revolution Money added Stephanie Fierman as CMO.
  Posted 4/8/09 at 6:21am
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  Revolution Money added Bo Gorham as SVP, IT Operations.
  Posted 4/8/09 at 6:21am
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  Revolution Money added David Golden as Board.
  Posted 12/10/07 at 11:36am
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  Revolution Money added David Pottruck as Board.
  Posted 12/10/07 at 11:35am
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  Revolution Money added Franklin Raines as Board.
  Posted 12/10/07 at 11:35am
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  Revolution Money added Nicholas P. Johns as General Counsel and Secretary.
  Posted 4/8/09 at 6:21am
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  Revolution Money added Lawrence Summers as Board.
  Posted 12/10/07 at 11:35am
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  Revolution Money added Jorgen Brocklage as SVP, Bank Relations.
  Posted 12/10/07 at 11:33am
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  Revolution Money added Duncan Evans as EVP & GM, RevolutionCard Network.
  Posted 12/10/07 at 11:33am
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  Revolution Money added Darren Thompson as CFO.
  Posted 12/10/07 at 11:32am
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  Revolution Money added Dax Cummings as COO.
  Posted 12/10/07 at 11:32am

Videos

Screenshots

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Products

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MoneyExchange

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Website	https://www.revolutionmoneyexcha...
Stage	Live
Tags	moneytransfer, moneyexchange, money-transfer

Above: MoneyExchange Screenshot -- #1
Uploaded: 2/5/08

RevolutionCard

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Website	revolutioncard.com
Stage	Live
Tags	creditcard, credit-card

Above: RevolutionCard Screenshot -- #1
Uploaded: 2/5/08

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Sources

1. American Express Acquiring Steve Case's Revolution Money For $300 Million (AXP) (businessinsider.com) [edit]
2. Citation Needed [add]
3. WSJ (blogs.wsj.com) [edit]