Green Dot has filed a notice of an exempt offering of securities to raise $45,000,000.00 in New Debt Financing.
According to filings with the U.S. Securities and Exchange Commission, Green Dot is raising up to $45,000,000.00 in new funding. Sources indicate that as part of senior management Director, Kenneth Aldrich played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Green Dot
Green Dot is a financial technology and registered bank holding company committed to delivering trusted, best-in-class money management and payment solutions to customers and partners, seamlessly connecting people to their money. Green Dots proprietary technology enables it to build products and features that address the most pressing financial challenges of consumers and businesses, transforming the way they manage and move money and making financial empowerment more accessible for all. Green Dot offers a broad set of financial services to consumers and businesses including debit, checking, credit, prepaid, and payroll cards, as well as robust money processing services, tax refunds, cash deposits and disbursements. Its flagship digital banking platform GO2bank offers consumers simple and accessible mobile banking designed to help improve financial health over time. The companys banking platform services business enables a growing list of the worlds largest and most trusted consumer and technology brands to deploy customized, seamless, value-driven money management solutions for their customers. Founded in 1999, Green Dot has served more than 33 million customers directly and many millions more through its partners. The Green Dot Network of more than 90,000 retail distribution locations nationwide, more than all remaining bank branches in the U.S. combined, enables it to operate primarily as a branchless bank. Green Dot Bank is a subsidiary of Green Dot Corporation and member of the FDIC .
To learn more about Green Dot, visit http://www.greendot.com/
Green Dot Linkedin Page: https://www.linkedin.com/company/green-dot-corporation/
Contact:
Kenneth Aldrich, Director
626-765-2000
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