September 20, 2014 6:06 PM ET

Consumer Finance

Company Overview of Nexxo Financial Corporation

Company Overview

Nexxo Financial Corporation is engaged in kiosk-based retail money transfer business. The company offers Alternative Financial Services platform, a multi-product and omni-channel solution for the delivery of alternative financial services, such as money transfers, check cashing, money orders, bill payment, prepaid card servicing and reloads, and mobile top-ups. Its technology offering includes teller facing, mobile application, and self-serve kiosk that allows clients to provide product access while strengthening customer relationship. The company also provides Everyday Financial Services platform, which allows consumers to register only once and their previous transaction information is sto...

1100 Grundy Lane

Suite 100

San Bruno, CA 94066

United States

Founded in 2003

Phone:

650-989-7418

Fax:

877-646-3996

Key Executives for Nexxo Financial Corporation

Co-Founder
Chief Compliance Officer and Vice President of Operations
Chief Technology Officer
Vice President of Business Development
Compensation as of Fiscal Year 2014.

Nexxo Financial Corporation Key Developments

Nexxo Financial Corporation Partners with Epson to Provide Turnkey Solution for Servicing the Underbanked

Nexxo Financial Corporation announced it is partnering with Epson, to offer a turnkey solution for servicing the underbanked. The Nexxo Desktop Money Station (DMS) incorporates Epson's new TM-S9000 multifunction teller device to provide a full spectrum of Everyday Financial Services (EFS). The company's DMS solution is an easily deployed web application that runs on existing network-enabled PCs and is designed to minimize transaction times, streamline teller activities, reduce cash handling and minimize fraud. Combined with Epson's compact multifunction teller device, The company's DMS allows banks, credit unions and retailers to offer services such as check cashing, money orders, money transfers and bill payment -- creating new revenue streams for servicing the underbanked. The Nexxo DMS Solution offers integrated delivery of all EFS (check cashing, prepaid card registration, withdrawals and loads, money transfer, money order, and bill payment) through one streamlined and intuitive teller interface. Epson's TM-S9000 delivers a multitude of teller station features in one small footprint, from the industry's fast check scanner to its best-in-class thermal printer. The TM-S9000 scans checks at up to 200 dpm, includes a 100-check document feeder with an optional second pocket, features the high MICR accuracy in its class, up to 15 lines of endorsement printing, and two-sided check imaging and ID scanning.

Nexxo Financial Corporation Presents at 8th Annual Underbanked Financial Services Forum, Jun-05-2013 01:30 PM

Nexxo Financial Corporation Presents at 8th Annual Underbanked Financial Services Forum, Jun-05-2013 01:30 PM. Venue: InterContinental Miami, 100 Chopin Plaza, Miami, FL 33131, United States. Speakers: Dave Alvarez, CEO.

Nexxo Financial Corporation Exhibits Next Gen Underbanked Solutions at Retail Financial Services Conference

Nexxo Financial Corporation will demonstrate its next generation solutions for alternative financial services at retail financial services conference, BAI (Bank Administration Institute) Retail Delivery 2012 on October 9th, 2012. BAI attendees will see how Nexxo brings a portfolio of new technology solutions to banks, credit unions, and retailers eager to serve the growing under banked population. Nexxo will highlight the new Desktop Money Station (DMS), an easily deployed Web application that supports teller-assisted transactions at customer service counters or bank branches. The DMS integrates multiple vendors, such as bill payment providers, check cashers and money transmitters, so that banks can offer streamlined services to the under banked consumers and choose from a variety of vendors without extensive delays or set-up costs. Nexxo's DMS simplifies the tellers' job with its single, consistent interface, reducing both training time and errors. The DMS delivers fully compliant and fraud-resistant services, complete with accounting and other transaction-handling policies. It runs on the same Everyday Financial Services (EFS) platform already proven in Nexxo's kiosks. Along with DMS, Nexxo will demo the K3000 and the K2000, the only self-serve kiosks offering a full suite of EFS services including: check cashing; prepaid card loading; bill pay; money transmission; money order purchase; phone minute top-up; and cash withdrawal.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 9, 2014
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