M&A Deal Summary

Green Dot Acquires AccountNow

On January 31, 2014, Green Dot acquired financial services company AccountNow

Acquisition Highlights
  • This is Green Dot’s 2nd transaction in the Financial Services sector.
  • This is Green Dot’s 4th transaction in the United States.
  • This is Green Dot’s 2nd transaction in California.

M&A Deal Summary
Date 2014-01-31
Target AccountNow
Sector Financial Services
Buyer(s) Green Dot
Deal Type Add-on Acquisition

Target

AccountNow

San Ramon, California, United States
AccountNow is a provider of financial solutions for the millions of US consumers who do not have established credit or traditional banking relationships. AccountNow was formed in 2003 and is headquartered in San Ramon, California.

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Buyer(S) 1

Buyer

Green Dot

Pasadena, California, United States
Category Company
Founded 1999
Sector Financial Services
Employees1,200
Revenue 1.5B USD (2023)
DESCRIPTION
Green Dot's corporate headquarters in Pasadena, California.
Green Dot's corporate headquarters in Pasadena, California.

Green Dot is an issuer of prepaid master and visa cards that provides reloading services. Green Dot Bank focuses on serving low and moderate income families with financial products and services, including prepaid cards, checking accounts and cash processing services distributed through a network of retail stores, neighborhood financial service centers and via digital channels. Green Dot was founded in 1999 and is based in Pasadena, California.

DEAL STATS #
Overall 4 of 6
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 4 of 6
State (California) 2 of 3
Country (United States) 4 of 6
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-09 Loopt

Mountain View, California, United States

Loopt is a provider of mobile user interface design, real-time location-based mobile rewards marketing, and geo-location application technology.

Buy $43M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-18 Santa Barbara Tax Products Group

San Diego, California, United States

Santa Barbara Tax Products Group LLC is a provider of financial products and processing services to the tax preparation industry. TPG provides its services through third party tax preparation firms, including tax preparers and tax software providers.

Buy $320M
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