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FINANCIAL | Payments (non-internet/mobile) / Processing
nexxofinancial.com

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Stage

Acquired | Acquired

Total Raised

$59.96M

About Nexxo Financial

Nexxo Financial is a provider in self-serve financial solutions. Its Everyday Financial Services Platform (EFS) offers a unified, customer-centric solution that handles multiple products (check cashing, money transfer, bill pay, money orders, prepaid card servicing, and phone minute top-ups) and multiple channels (self-serve kiosk, teller-assisted desktop, and via mobile phone).

Nexxo Financial Headquarter Location

111 Anza Blvd Suite 200

Burlingame, California, 94010,

United States

650-685-5700

Latest Nexxo Financial News

MoneyGram Enhances Technology Platforms Through Nexxo Follow-On Acquisition

Sep 9, 2014

MoneyGram Enhances Technology Platforms Through Nexxo Follow-On Acquisition      September 09, 2014 08:00 ET | Source: MoneyGram International, Inc. DALLAS, Texas Sept. 9, 2014 (GLOBE NEWSWIRE) -- MoneyGram (NASDAQ: MGI), a leading global money transfer and payment services company, has acquired the assets of Nexxo Financial Corporation, a premier supplier of alternative financial services technology. MoneyGram will utilize Nexxo's technology to strengthen and expand its leading money transfer kiosk platform and also broaden its service offerings for banks and credit unions. Nexxo's multi-channel platform enables financial institutions to easily deploy and manage an integrated suite of alternative financial services, including check cashing, prepaid cards, money transfer, bill payments and more. "We are very excited about acquiring Nexxo's additional technology assets and deepening our self-service talent and capabilities," says Pete Ohser, MoneyGram's executive vice president of the U.S. and Canada. "MoneyGram's strong brand, leading products and global reach provides market leverage for the talented Nexxo team. Together, we will deploy innovative products to provide consumers with greater access to critical financial services. " Nexxo's multi-channel platform is a vital technology enabler for banks and credit unions looking to provide alternative financial service options to their customers in a seamless and compliant manner. By creating a unified user experience with integrated connectivity to major financial service providers, the system can be deployed with minimal integration costs across any channel. MoneyGram already provides quick and reliable access to financial services for millions of people who are not fully served by traditional institutions. This acquisition is an important step toward achieving the company's overall strategy of offering consumers more choices and new channels to access MoneyGram's services. The follow-on acquisition enhances MoneyGram's existing banking solutions which currently serve more than 1,000 financial institutions and 7,000 bank branches throughout the U.S. About MoneyGram International, Inc. MoneyGram, a leading money transfer company, provides essential services to consumers who are not fully served by traditional financial institutions. MoneyGram offers worldwide money transfer services in more than 200 countries and territories through a global network of 345,000 agent locations, including retailers, international post offices and banks. MoneyGram also offers bill payment services, issues money orders and processes official checks in select markets. Media Contact:Michelle Buckalew214-979-1418#moneygramnews

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Expert Collections containing Nexxo Financial

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Nexxo Financial is included in 1 Expert Collection, including Fintech.

F

Fintech

6,974 items

US-based companies

Nexxo Financial Patents

Nexxo Financial has filed 4 patents.

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1/23/2007

7/29/2014

Smart cards, Identity documents, Contactless smart cards, Credit cards, Early microcomputers

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7/29/2014

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Related Topics

Smart cards, Identity documents, Contactless smart cards, Credit cards, Early microcomputers

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Grant

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