Based in Austin, Texas, Rev Worldwide will develop, operate and market integrated prepaid card and mobile payments programs for partner financial institutions, telecommunications firms and merchants throughout the US and Canada. The company expects to launch programs in the US this year.
The expansion follows performance in 2009 across the Rev Worldwide network of companies including market entries in Romania, India and Kosovo.
With the expansion, Roy Sosa assumes overall leadership for the group of companies as CEO of Rev Worldwide. Bertrand Sosa will lead the network’s expansion into the US market as president of Rev Worldwide’s North American operations.
Roy Sosa and Bertrand Sosa are the founding partners of MPOWER Ventures, the primary investor behind Rev Worldwide, and will serve in dual leadership roles, focusing primarily on steering Rev Worldwide through a period of rapid growth.
Roy Sosa said: “With Rev Worldwide, we set out to build a company that could help partners access new markets and customers access the opportunities that come with participating in the financial mainstream. It’s clear from Rev’s swift progress that the opportunity it has to accomplish that goal is real and rapidly growing, and we are committed, as with all our investments, to providing the focused leadership necessary to see it through.”
