Green Dot Corporation

Green Dot Corporation

Green Dot Corporation

Overview
Date Founded

1999

Headquarters

3465 East Foothill Boulevard,Pasadena, CA 91107

Employees (Worldwide)

1,200

Industries

Other Business & Consulting Services
Trusts & Funds
IT Consulting & Services
Accounting & Financial Services
Retail & Commercial Banking
Holding Companies

Company Description

Green Dot Corp. operates as a financial technology leader and bank holding company, which engages in the provision of modern banking and money movement accessible for all. It operates through the following segments: Account Services; Processing and Settlement Services; and Corporate and Other. The Account Services segment consists of revenues and expenses derived from deposit account programs, such as prepaid cards, debit cards, consumer and small business checking accounts, secured credit cards, payroll debit cards, and gift cards. The Processing and Settlement Services segment comprises of products and services that specialize in facilitating the movement of funds on behalf of consumers and businesses. The Corporate and Other segment represents eliminations of intersegment revenues and expenses, unallocated corporate expenses, depreciation and amortization, and other costs that are not considered when management evaluates segment performance. The company was founded by Steven W. Streit in October 1, 1999 and is headquartered in Pasadena, CA.

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Executives & Employees

Chief Executive Officer & President

President

Director, Chief Operating & Financial Officer

Secretary & General Counsel

Chief Technology Officer

Chief Compliance Officer

Chief Risk Officer & Senior Vice President

Chief Revenue Officer

Chief Accounting Officer

Chief Human Resources Officer

Board of Directors

President at WIJ & Associates LLC

Chief Executive Officer & President at Green Dot Corporation

Former Chief Executive Officer & Director at Siebel Systems, Inc.

Founder & Managing Partner at FENWAY SUMMER LLC

Director & Executive Vice President at Green Visor Financial Technology Acquisition Corp. I

Attorney at Lawyers.com

Senior Advisor at Golden Gate Private Equity, Inc.

Founding Partner & Portfolio Manager at No Street GP LP

Founder at Bridgforth Financial & Associates LLC

Former Partner at Bellmeade Capital Partners LLC

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Owners & Shareholders
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Starboard Value invests primarily, although not exclusively, in the securities of US public companies they believe are deeply undervalued by the marketplace and likely to experience a significant appreciation in value as a result of operational improvements or a change in ownership, corporate direction or management or improved corporate governance. The firm typically conducts a thorough analysis of management, capital structure and corporate governance related issues, valuing the company using a traditional, fundamental, and value-based approach. Starboard Value is an activist firm and is included in the SharkWatch50 as one of the 50 most prominent and impactful activist investors.

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Contour aims to leverage their industry-specific expertise and disciplined portfolio management in an attempt to produce attractive absolute risk-adjusted returns. The firm seeks to make long and short investments in equities and equity related derivatives, with a focus on global technology, media and telecommunications (TMT) sectors. They employ three main strategies: Top-Down Analysis, Asset Value Analysis, and Product Cycle Analysis. Contour constructs a portfolio through a rigorous stock selection process and risk management structure which is relatively uncorrelated to the market with substantially lower risk.

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Brahman Capital aims to achieve attractive risk-adjusted absolute returns while seeking to minimize the risk to principal with a focus on company management. Each long/short fund seeks to generate returns through individual stock selection on both its long and short holdings. The long/short fund’s long and short positions primarily consist of equity and/or equity-related securities of US or non-US corporations, partnerships, or other entities that Brahman believes to be undervalued or overvalued, respectively. The long-only Fund focuses primarily on long positions in equity or equity-related securities of US and non-US companies that Brahman believes to be undervalued and generally includes all of the long positions in the long/short funds other than market hedges.

Recent Transactions
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Green Dot Corporation purchases UniRush LLC from The Carlyle Group LP (Corporate Private Equity), Accel Partners LLC

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Green Dot Corporation purchases Achieve Financial Services LLC from Escalate Capital Partners

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Green Dot Corporation purchases Accountnow LLC from Trident Capital, Inc., INVESCO Private Capital, Inc., Oak Hill Venture Partners, Grayhawk Venture Partners LLC, Industry Ventures LLC, Granite Hill Capital Ventures LLC, Jasper Ridge Partners LP (Private Equity), Center For Financial Services Innovation (Ventures)

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onGreen Dot Corporation purchases Santa Barbara Tax Products Group LLC from Platform Partners LLC

Escrow Agent

Advised onGreen Dot Corporation issued USD Common Stock

Underwriter

Advised onGreen Dot Corporation issued USD Common Stock

Investment Advisor

Advised onGreen Dot Corporation purchases Santa Barbara Tax Products Group LLC from Platform Partners LLC

Legal Advisor

Advised onGreen Dot Corporation purchases Santa Barbara Tax Products Group LLC from Platform Partners LLC

Legal Advisor

Advised onGreen Dot Corporation purchases UniRush LLC from The Carlyle Group LP (Corporate Private Equity), Accel Partners LLC

Advisors & Consultants
Legal Advisor

Partner at Schulte Roth & Zabel LLP

Legal Advisor

Partner at Fenwick & West LLP

Advisor

Former Head-Consumer Internet Investment Banking at Morgan Stanley & Co. LLC

Clients

Intuit, Inc. engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; Credit Karma; and ProConnect. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses. The Consumer segment includes do-it-yourself and assisted TurboTax income tax preparation products and services. The Credit Karma segment serves consumers with a personal finance platform that provides personalized recommendations of credit card, home, auto and personal loan, and insurance products; online savings and checking accounts. The ProConnect segment serves professional accountants in the U.S. and Canada, who are essential to both small business success and tax preparation and filing. The company was founded by Scott D. Cook and Thomas A. Proulx in March 1983 and is headquartered in Mountain View, CA.

Seven & i Holdings Co., Ltd. engages in the planning, management, and operation of its group companies. It operates through the following segments: Domestic Convenience Store, Oversea Convenience Store, Superstore Operations, Department Store Operations, Financial Services, Specialty store, and Others. The Domestic Convenience Store segment operates directly managed and franchised stores under the name of 7-Eleven in Japan. The Oversea Convenience Store segment operates directly managed and franchised stores under the name of 7-Eleven in oversea. The Superstore Operations segment manages supermarkets and specialty shops. The Department Store Operations segment includes department store business, which mainly centers on Sogo and Seibu Co., Ltd. The Financial Services segment deals with bank, credit card, lease, and other businesses. The Specialty store segment engages in the retail business that provides distinctive products and services. The Others segment includes information technology business and other services. The company was founded in 1920 and is headquartered in Tokyo, Japan.

Walgreens Boots Alliance, Inc. engages in the provision of drug store services. It operates through the following segments: Retail Pharmacy USA and Retail Pharmacy International. The Retail Pharmacy USA segment consists of the Walgreens business, which includes the operation of retail drugstores, health and wellness services, and mail and central specialty pharmacy services. The Retail Pharmacy International segment consists of pharmacy-led health and beauty retail businesses and optical practices. The company was founded in 1901 and is headquartered in Deerfield, IL.

Key Stats and Financials As of 2020
Market Capitalization
$2.17B
Total Enterprise Value
$1.52B
Earnings Per Share
$0.42
Revenue
$1.25B
EBITDAMargin
11%
EBITDA
$138M
Total Debt
$24.8M
Total Equity
$1.01B
Net Profit
$22.8M
Debt TEV
0.02x
Enterprise Value EBITDAOperating
10.87x
TEVNet Income
66.87x
Enterprise Value / Sales
1.22x
Three Year Compounded Annual Growth Rate Of Revenue
12.09%
Investors
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Chairman & Chief Executive Officer at CARD Corp.

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GE Equity focuses on investments in companies, technologies and distribution channels that could further the strategic interests of various GE businesses. The firm invests in growth companies, buyouts and special situations. They typically invest as a minority partner with management, private equity sponsors and other professional investors.GE Equity's investment strategy is to support the strong management teams of companies operating in a variety of growth sectors. The firm is particularly interested in investment opportunities in the following areas: (1) aviation (2) clean technology (3) energy (4) healthcare (5) healthcare information technology (6) medical technology (7) pharmaceuticals (8) oil & gas (9) satellites (10) security (11) transportation and (12) water.GE Equity participates in a variety of transactions including: (1) growth capital financings (2) co-investments in sponsor-led transactions (3) equity tag-along investments in GE-agented debt facilities and (4) limited partnership positions in private equity funds.

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Sequoia Capital seeks investment opportunities in companies located in the US. The firm targets companies operating in the fields of consumer and enterprise. It provides financing for early and growth capital requirements.

Suppliers
Blackhawk Network Holdings, Inc. Holding Companies | Pleasanton, CA

Blackhawk Network Holdings, Inc. engages in the provision of prepaid and payment networks services. It enables selling and buying of print and process gift cards online and distributes through retail networks. The company was founded by Bryan Haynes and David C. Tate in 2001 and is headquartered in Pleasanton, CA.

Visa, Inc. Consumer Finance | Foster City, CA

Visa, Inc. engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global automated teller machine (ATM). The company was founded by Dee Hock in 1958 and is headquartered in San Francisco, CA.

MasterCard, Inc. Accounting & Financial Services | Purchase, New York

MasterCard is a technology company and payments industry leader. For more than four decades, we have been a driving force at the heart of commerce, making the global economy safer, more efficient, more inclusive and more transparent for all. Consumers, merchants, business partners and governments in markets around the world have reaped the benefits of our innovative products and solutions which, simply put, are designed to make life easier

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