23 March 2009

Bertrand Sosa ~ MPower Labs & NetSpend Story

I had the pleasure of meeting Bertrand Sosa and colleagues last week at MIT (courtesy of my colleague Professor Sandy Pentland and our former student Damien Balsan, co-founder of WAY Systems, now with NOKIA). Bertrand and his brother Roy co-founded NetSpend, a pioneer in pre-paid card sales to lower-income folks who lacked bank accounts. NetSpend was sold in 2007 to CapitalOne. Most recently Bertrand and Roy have founded MPower Labs and a whole family of empowerment ventures leveraging the emergence of mobile phones. Fantastic! Check out this brief interview with Bertrand to get a sense of their entrepreneurial vibe...

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