Rêv Worldwide raise $5.2M funding
Former Rêv Worldwide Inc. CEO Rogelio Sosa
- Christopher Calnan[1]
- Staff Writer- Austin Business Journal
- This email address is being protected from spambots. You need JavaScript enabled to view it.[2] | Twitter[3]
Payments processor Rêv Worldwide Inc. reported receiving $5.2 million of a planned $5.4 million financing.
The Austin-based company collected the capital from 12 investors, according to a Monday filing[4] with the U.S. Securities and Exchange Commission[5].
Rêv Worldwide, founded in 2008 by NetSpend Corp.[6] (Nasdaq: NTSP), develops prepaid card and mobile payments programs. The company, which employs 100 workers, operates in North America, Latin America, Europe and Asia-Pacific, and is affiliated with MPower Ventures LP.
Earlier this month, Rêv Worldwide reported raising $4.8 million[7] of a planned $7 million round of financing from 17 investors.
In October, founder and CEO [8]Rogelio Sosa[9] resigned from the company for personal reasons but remains on the board of directors. He was quietly replaced by director John Mitchell[10], said Rêv Worldwide President Bertrand Sosa[11], who is Rogelio’s younger brother.
At the time, Rêv Worldwide didn’t issue a news release about the resignation or announce the appointment of Mitchell, who was previously the CEO of Rêv Worldwide’s European division, RêvEurope.
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References
- ^ Christopher Calnan (feeds.bizjournals.com)
- ^ This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
- ^ Twitter (twitter.com)
- ^ according to a Monday filing (www.sec.gov)
- ^ U.S. Securities and Exchange Commission (www.bizjournals.com)
- ^ NetSpend Corp. (www.bizjournals.com)
- ^ Rêv Worldwide reported raising $4.8 million (www.bizjournals.com)
- ^ CEO (www.bizjournals.com)
- ^ Rogelio Sosa (feeds.bizjournals.com)
- ^ John Mitchell (feeds.bizjournals.com)
- ^ Bertrand Sosa (feeds.bizjournals.com)
- ^ Subscribe to the Energy Inc. newsletter (www.bizjournals.com)