Overview

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Status
Acquired by on November 18, 2009
Total Equity Funding
$107.23M in 3 Rounds from 10 Investors
Headquarters:
St. Petersburg, FL
Description:
Revolution Money is a financial services company offering services such as credit cards, debit cards and money transfers.
Founders:
,
Categories:
Credit Cards, Financial Services, Debit Cards
Website:
http://www.revolutionmoney.com
Social:

Company Details

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Founded:
Unknown
Employees:
7 in Crunchbase

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a MoneyExchange account holders can use a Revolution Money Debit/ATM card so money can be accessed at stores or withdrawn from ATMs.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

Funding Rounds (3) - $107.23M

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DateAmount / RoundValuationLead InvestorInvestors
Jun, 2009$15.23M / Series D1
Apr, 2009$42M / Series C7
Sep, 2007$50M / Series B5

Current Team (7)

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Board Members and Advisors (4)

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Products (2)

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  • MoneyExchange was added to CrunchBase in 2007
  • RevolutionCard payment cards charge merchants up to 80% less in transaction fees than other card brands.

Competitors (1)

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  • Wesabe is a personal finance management website designed to help users manage their daily finance.

Offices/Locations (1)

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  • Headquarters

    P.O. Box 669

    St. Petersburg, FL 33731

    USA

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