Search Results for "Green Dot"
12 results for "Green Dot"
Deals 11
CommerceOne Acquires Green Dot Bank to Form Sponsor Bank Holding Company
CommerceOne Financial is acquiring Green Dot Bank's charter and ~$5 billion in assets to create a new publicly traded bank holding company. Simultaneously, Smith Ventures is acquiring Green Dot's non-bank fintech operations for $690 million. A seven-year exclusive agreement positions CommerceOne as the sponsor bank for the fintech business. The deals are expected to close in Q2 2026 pending regulatory approval.
Green Dot Debuts Arc Embedded Finance Platform for Scalable Banking Products
Green Dot launched Arc by Green Dot, a cloud-based embedded finance platform providing FDIC-insured banking products, money processing, payment APIs, fraud protection, and access to U.S. deposit and ATM networks. The platform targets businesses seeking scalable banking infrastructure. As a regulated bank itself, Green Dot positions Arc as a direct-from-bank embedded finance offering.
PLS Launches Xpectations! Plus Debit Card Powered by Green Dot
PLS launched the Xpectations! Plus Debit Mastercard, a demand deposit account product powered by Green Dot's embedded finance platform. The card provides over 5 million PLS customers with embedded banking accounts, debit cards, and payment services. Features include early direct deposit, overdraft protection, and free ATM access across 200+ PLS locations.
Green Dot Becomes BaaS Sponsor Bank for Dayforce Wallet On-Demand Pay
Green Dot announced a BaaS sponsor bank partnership with Dayforce, powering the Dayforce Wallet on-demand pay solution for U.S. customers. Green Dot serves as the banking provider handling all banking services. Dayforce Wallet users averaged 1,150 active users and 24 transactions per month per user as of early 2024.
Credibly Partners with Green Dot to Power SMB Banking via BaaS
Credibly partnered with Green Dot to offer embedded banking services to small and medium-sized businesses through Green Dot's BaaS platform. The partnership simplifies account setup, cash flow management, and capital access for Credibly's SMB customers.
Green Dot and Plaid Partner to Connect GO2bank Customers via Open Finance APIs
Green Dot and Plaid partnered to enable GO2bank customers to securely connect their accounts to over 6,000 Plaid-powered apps via open finance APIs. The integration improves data connectivity for Green Dot's digital banking customers. This expands embedded finance access for underbanked consumers using Green Dot's platform.
Green Dot Acquires Republic Bank's Tax Refund Solutions Business for $165M
Green Dot Corporation agreed to acquire Republic Bank & Trust Company's Tax Refund Solutions (TRS) business for approximately $165 million in cash. Republic Bank serves as a sponsor bank in fintech contexts, providing banking services like tax refund processing. The deal was expected to close in Q4 2021 with Republic Bank providing transition services through 2022.
Google Partners with 11 Banks to Launch Plex Mobile Bank Accounts
Google announced partnerships with 11 banks and credit unions to launch Plex, a mobile-first bank account product expected in 2021. Partners include Citi, BBVA, and Green Dot. The initiative represents one of the most significant big tech entries into embedded banking, leveraging Google's platform reach with traditional bank infrastructure.
Intuit Partners with Green Dot to Launch QuickBooks Cash via BaaS
Intuit partnered with Green Dot as its BaaS sponsor bank to launch QuickBooks Cash, an AI-powered primary banking product for small businesses. Green Dot's CEO highlighted the deal during a summer 2020 earnings call, projecting millions of new accounts. The partnership represents a significant expansion of embedded finance into small business banking.
Visa Launches Fintech Fast Track Program in the U.S.
Visa launched its Fintech Fast Track program in the U.S. on July 31, 2019, enabling fintech startups to integrate with VisaNet more quickly. The program partners with major VCs like Andreessen Horowitz and Ribbit Capital, and includes BaaS providers Green Dot and BBVA Open Platform. It targets fintechs in payments, lending, and money management, offering simplified access to Visa's network, security, and global reach.
Stash Raises $65M to Expand Banking and Micro-Investment Platform
Consumer fintech Stash raised $65M from Union Square Ventures, Breyer Capital, and others. The platform partners with Green Dot's banking subsidiary for FDIC-insured accounts and launched a stock-back debit card rewards feature. With over 2 million users, the funding supports Stash's embedded banking and micro-investment product suite.