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

Consumer Finance
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 prepaid cards, debit cards, checking accounts, secured credit cards, payroll debit cards, consumer cash processing services, wage disbursements, and tax refund processing services. It operates through the following segments: Account Services; and Processing and Settlement Services. 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 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

Chief Accounting Officer & Interim Chief Financial Officer

General Counsel

Chief Risk Officer & Senior Vice President

Chief Human Resources Officer

Chief Executive Officer, Green DOT Bank

Chief Executive Officer, Green DOT Bank

Executive Vice President of Retail, Tax & Paycard Divisions

Chief Risk Officer

Board of Directors

President at WIJ & Associates LLC

Founding Partner & Portfolio Manager at No Street GP LP

Chief Executive Officer & President at Green Dot Corporation

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

Attorney at Lawyers.com

Former Vice Chairman & Chief Risk Officer at Visa, Inc.

Senior Advisor at Golden Gate Private Equity, Inc.

Founder & Managing Partner at FENWAY SUMMER LLC

Director at UniRush LLC

Former Interim President at Green Dot Corporation

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Green Dot Corporation
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.

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No Street Capital primary focus on investments in US small- and mid-cap securities of technology, business services, financial services and consumer-related industries. Within the four primary industries, the firm seeks to identify securities that they believe may be under or overvalued by a significant margin. No Street Capital relies heavily on proprietary fundamental research efforts within the targeted sectors to generate ideas that meet the above criteria. They seek to generate above-average absolute returns over reasonable time periods, independent of the returns in the relevant indices.

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Contour Asset Management seeks to leverage their industry-specific expertise and disciplined portfolio management in an attempt to produce attractive absolute risk-adjusted returns. The firm generally has broad and flexible investment authority. They seek to make long and short investments in equities and equity related derivatives, with a focus on global technology, media and telecommunications (“TMT”) sectors. TMT is defined to be inclusive of all related services, distribution channels (commercial & retail) and/or businesses whose main infrastructure process is information technology-enabled.

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 Santa Barbara Tax Products Group LLC from Platform Partners LLC

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Green Dot Corporation raised money in a private placement transaction

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

Chairman, Partner at Fenwick & West LLP

Legal Advisor

Partner at Proskauer Rose LLP

Clients

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.

Intuit, Inc. engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. 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 Strategic Partner segment comprises professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants. The company was founded by Scott D. Cook and Thomas A. Proulx in March 1983 and is headquartered in Mountain View, CA.

Uber Technologies, Inc. offers a mobile application enabling users arrange and schedule transportation. The firm uses application to receive ride requests, and then sends out these requests to drivers who transport customers to their final destination. The company was founded by Oscar Salazar, Travis Kalanick and Garrett Camp in 2009 and is headquartered in San Francisco, CA.

Key Stats and Financials As of 2019
Market Capitalization
$2.91B
Total Enterprise Value
$231M
Earnings Per Share
$1.88
Revenue
$1.11B
Net Profit
$99.9M
Total Debt
$68.6M
Total Equity
$927M
Enterprise Value / Sales
0.21x
TEVNet Income
2.31x
Debt TEV
0.3x
Three Year Compounded Annual Growth Rate Of Revenue
15.54%
Enterprise Value EBITDAOperating
0.97x
EBITDAMargin
18.38%
EBITDA
$204M
Non-Profit Donations & Grants
Investors
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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 invests in seed to early stage companies. The firm focuses on energy, financial services, healthcare, Internet, mobile and technology sectors. Within the energy sector, the firm seeks to partner with start-ups focused on the alternative energy, conventional energy, energy efficiency, energy storage and energy services markets.

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TTV Capital (TTV) focuses on investments in early-to-late stage privately-held companies in the financial services industry and in information technology-driven companies with products that serve the financial services industry. The firm is particularly interested in companies involved in: (1) financial services (2) software and infrastructure solutions (3) payment technology/ e-Commerce enablers (4) authentication/security (5) cash and asset management and (6) investment technology. They look for companies that develop technologies with unique business propositions and exceptional growth opportunities. TTV provides equity financing to companies with technology solutions that enable financial institutions to operate more efficiently, grow their revenue bases and expand their product offerings. Companies should have experienced management teams, sustainable business models, strong customer traction and a fully developed product with limited technology risk. In addition, companies should have products or services that meet recognized needs in large and expanding markets.

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 ATM. The company was founded by Dee Hock in 1958 and is headquartered in San Francisco, CA.

MasterCard, Inc. Consumer Finance | 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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