Headquartered in Austin, NetSpend provides processing and marketing services for proprietary prepaid cards, which provides users who lack established credit or banking relationships with the security, flexibility and convenience of a payment card. NetSpend completed its NASDAQ IPO in October 2010. NetSpend was acquired by TSYS in 2013 for $1.4 billion.

Website: www.netspend.com

Sector: Payments

Year Invested: 2001