Rev’s centralized processing platform provides local distribution partners with the ability to offer individuals a variety of financial services, including mobile payments, prepaid cards, reloading network and merchant processing while adapting to the local currency, customs, languages and laws.
Omidyar Network’s investment in Rev represents the latest few investments that support entrepreneurial company that focuses on providing high-impact financial products and services to underbanked people. Emphasis will be placed on those who use innovative business models and technology to scale massively and positively impact millions of people. Omidyar Network also will seek to support organizations with grants to address the factors that strengthen the industry and helps promote the market more efficiently.