MPOWER Ventures, a venture capital company
whose founders hail as being run by electronics payments
entrepreneurs for entrepreneurs, has been launched in the US with
an initial $100 million to invest. The prime objective of MPOWER
Ventures is investment in seed and early stage companies developing
financial services and products for underserved markets.
whose founders hail as being run by electronics payments
entrepreneurs for entrepreneurs, has been launched in the US with
an initial $100 million to invest. The prime objective of MPOWER
Ventures is investment in seed and early stage companies developing
financial services and products for underserved markets.
The capital committed to MPOWER Ventures
comprises personal investments by its principals, brothers Roy and
Bertrand Sosa and Jorge Vergara. The Sosas are the founders of the
largest US prepaid debit card processor and marketer NetSpend.
Vergara is the owner of Mexican conglomerate Grupo Omnilife, which
has interests ranging from cosmetics to financial services.
comprises personal investments by its principals, brothers Roy and
Bertrand Sosa and Jorge Vergara. The Sosas are the founders of the
largest US prepaid debit card processor and marketer NetSpend.
Vergara is the owner of Mexican conglomerate Grupo Omnilife, which
has interests ranging from cosmetics to financial services.
In its first move MPOWER Ventures has
established MPOWER Labs, described as “a global research and
development incubator created to generate technology and product
innovations and accelerate the development of MPOWER Ventures
portfolio companies.”
established MPOWER Labs, described as “a global research and
development incubator created to generate technology and product
innovations and accelerate the development of MPOWER Ventures
portfolio companies.”
Among its roles, MPOWER Labs will have
specialists to advise portfolio companies, provide customer service
and back office support and have an in-house research and
development capability. Planned developments by MPOWER Labs include
a payment transaction processing platform equipped to support new
and emerging payment solutions.
specialists to advise portfolio companies, provide customer service
and back office support and have an in-house research and
development capability. Planned developments by MPOWER Labs include
a payment transaction processing platform equipped to support new
and emerging payment solutions.
MPOWER Ventures’ founders stressed that
“underserved markets hold great promise and great risk” and that a
15-year investment horizon would be needed to provide portfolio
companies with adequate time to overcome barriers to entry.
“underserved markets hold great promise and great risk” and that a
15-year investment horizon would be needed to provide portfolio
companies with adequate time to overcome barriers to entry.
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