
The network
branded prepaid and stored value card industry is an important
and established part of the payments landscape, and the fastest growing
payments segment worldwide. During the past decade, countless organizations
providing a broad range of products and services to this industry have
emerged and grown. These numerous and diverse entities differ in many ways – from
the type of prepaid or stored value card product they serve to the position
they occupy in the value chain. Nevertheless, these organizations – some
divisions of larger entities, and others start-ups – share many common
aspects: they all have required various forms of financial and non-financial
capital to reach their potential.
Prepaid Capital was founded in mid-2006 by Anil D. Aggarwal and Jonathan A. Weiner to provide financial, intellectual, and relationship capital to early-stage companies in the network branded prepaid and stored value card industry. Prepaid Capital prefers to invest in those companies that can benefit from all three of these types of capital, enabling Prepaid Capital to serve as smart money.