NBD Ventures T&T Opportunity Fund
NBD Ventures T&T Opportunity Fund (the “Fund”) has structured an industry first sector wide cash flow solution for airlines which programmatically accelerates up to 90% of payments within two days, across 160 countries in 120 currencies. NBD Ventures Management (the “GP”) is a registered Alternative Investment Fund Manager with the Luxembourg CSSF.
BANCSTAC
Bancstac is a core technology partner and payment innovation company to banks and their corporate clients. Bancstac enables seamless adoption of digital payment and acceptance capabilities from closed-loop payment networks, real-time settlement systems and global card schemes.
Through our advanced payment technology orchestration platform, we foster trust between businesses and people and help economies evolve from cash payments to a digital payments future. We make it easy and low-cost for businesses, governments and communities to participate in the world economy.
Bancstac is PCI DSS level 1 certified and a PCI 3DS compliant payment processor, payment gateway, payment facilitator, payment aggregator and payment orchestration platform.
Jamax d.o.o. Sarajevo
In December 2019 NBD Ventures completed the acquisition of the entire issued share capital of Jamax d.o.o. Sarajevo (“Jamax”). Jamax will join the NBD Ventures corporate group and become a wholly-owned subsidiary of Bancstac.
Based in Bosnia and Herzegovina, Jamax is a software solution development company that has successfully developed software solutions for numerous Fortune 500 companies in the technology, banking, real estate and airline sectors.
Numo labs pty ltd
In December 2019 NBD Ventures completed the acquisition of the entire issued share capital of Numo Labs Pty Ltd. Numo Labs will join the NBD Ventures corporate group and become a wholly-owned subsidiary of Bancstac.
Based in Australia, Numo Labs is a mobile telecommunications software solutions and services provider to tier-1 telecommunication clients.
Paycorp international (private) limited
In October 2019, NBD Ventures entered into an agreement to acquire the entire issued share capital of Paycorp International (Private) Limited (“Paycorp International”). Paycorp will join the NBD Ventures corporate group and become a wholly-owned subsidiary of Bancstac.
Based in Sri Lanka, Paycorp International is a payment gateway for systemically important banks with a long track record of successfully launching digital payment innovations in the market.
Rêv Worldwide, INC
In May 2018 NBD Ventures completed our investment into Rêv Worldwide alongside Omidyar Network, Inter-Atlantic Ventures, and MPOWER Ventures.
Founded in 2009 and headquartered in Austin, Texas, USA, Rêv issues co-branded card programs to consumers in a device-agnostic, PCI-compliant, mobile digital wallet that enables consumer to: (i) pay using their existing smartphones via NFC, (ii) exchange and transfer multi-currency funds in real-time, (iii) earn and redeem loyalty points, (iv) claim partner merchant promotions, and (v) instantly transfer funds peer-to-peer.
Rêv is delivering a technologically scalable cloud-based solution whilst running a vertically integrated, profitable business against the backdrop of a globally complex, tightly-regulated and compliance-driven sector.
Rêv has processed over US$10 billion in transaction volumes and its products have been adopted by over 5 million customers worldwide. Rêv has established a global footprint and secured long-term exclusive agreements with banks, international airline carriers, and card associations. Rêv’s bank partners span transcontinental from Australia including Westpac, St. George, Bank of Melbourne, to Europe include ING and Moorwand, to the middle east, ADIB and Brazil including Rodobens. It’s airline partners transport over 50 million passengers across 50 countries which include Virgin Australia, Etihad Airways, and Scandinavian Airlines. Partnerships with card associations include MasterCard, Visa and China Union Pay.
Rêv’s management team is led by CEO, Roy Sosa, and President, Bertrand Sosa. They have in-depth knowledge, expertise and proven experience as the early pioneers who developed and launched prepaid debit cards in America through NetSpend. The Sosa brothers founded NetSpend in 1999 with an investment of $750 and grew the business to a USD 1.3 billion IPO exit. Their energy is now focused on opening the travel and tourism sector to prepaid travel cards and coalition loyalty programs.