Roy Sosa is the Co-Founder, Chairman and CEO of the MPOWER Ventures, a socially committed venture fund dedicated to promoting financial inclusion. Mr. Sosa' philosophy of venture investment and social capitalism is centered on the end consumer, fueled by the entrepreneur, and supported by partnerships. To date, MPOWER Ventures has built a portfolio of six companies spanning international payments, mobile payments, retail financial services, asset-building and investment products with operations in North America, Latin America, Europe and Asia-Pacific. In 2008 MPOWER Ventures pledged to bank 5 million consumers in 5 years as part of a long-term commitment to the Clinton Global Initiative.
Pioneered the multi-billion dollar prepaid debit market as co-founder of NetSpend Corporation, a company he and his brother founded in 1999. NetSpend was the first prepaid card processor to specifically target the unbanked and today the company serves more than 2.5 million customers.
Co-founded NetSpend with $750 and grew it into one of the world’s largest marketers and processors of prepaid debit cards, now preparing for its IPO.
Recipient of 2004 Ernst & Young Entrepreneur of the Year Award in recognition of NetSpend’s success.
Co-created RISE (www.riseaustin.org), a Relationship and Information Series for Entrepreneurs. Through RISE, the Sosa's have partnered with thousands of entrepreneurs to create an un-conference, open-source network that has turned Austin, Texas into one of the world's havens entrepreneurship.
In 2009, Roy and his brother Bertrand were selected as Finalists for America’s Most Promising Social Entrepreneurs by Bloomberg BusinessWeek
Philanthropist and Global
In 2009, Roy served as the Co-Chair of Global Agenda Council for Financial Empowerment. That same year the World Economic Forum selected him as a Young Global Leader.
Mr. Sosa is a board member of Accion International; member of the Clinton Global Initiative; director and co-founder of the MPOWER Foundation; and co-founding donor and advisor to the Empowerment Lab at Harvard University.
- University of Texas at Austin