Revolution Money

http://revolutionmoney.com/

Revolution Money is a financial services company with the goal of disrupting incumbent credit companies and PayPal. Revolution Money’s credit card, the RevolutionCard, differs from other credit cards by using PIN-activation, rather than signatures This allows the card to be printed without any personally identifying information, which the company claims helps to reduce identity theft. The card transactions are also processed on an internet-based system, allowing the company to drastically reduce its processing fees. Revolution Money’s other main service is MoneyExchange, which does pretty much does what one would think — let users transfer money between one another. Transfers between Revolution Money account holders are free.

Financials

Date Type Amount Investors Valuation
09/01/07 Series B 50M Ted Leonsis, Citi, Deutsche Bank, Morgan Stanley, Revolution LLC Unknown

People

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