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Green Dot Acquires Loopt

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Monrovia, California-based Green Dot , the prepaid debit card provider headed by Steve Streit, said this morning that it has acquired Silicon Valley mobile social networking firm Loopt. in cash for Loopt, which will become its Silicon Valley hub for its mobile technology and product development team. READ MORE>>.

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Interview with Jonathan Cooper, ATMCASH

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Ever since the huge success of Monrovia-based Green Dot in its IPO last year, netting a huge return for local angels, investors here have taken a second look at financial startups. Customers can send money online or via their phone. We think ourselves as truly mobile, and our service and call centers operate in four languages.

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