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What Happened When Alex Kenjeev Paid His Student Loan in Cash
Back in the late 1990s, I met Steve Streit at a Starbucks, Inc. (SBUX). Tired of his career in the radio business, he saw an opportunity to use the Internet to change the financial services industry. While the business plan was still somewhat vague -- which is usually the case -- the vision looked spot-on.Well, his company became Green Dot. And now it has filed to go public.
Green Dot is a leading player in the market for general purpose reloadable prepaid debit cards (GPR). Basically, these allow consumers to spend money on the main payment networks, such as Visa, Inc. (V) or MasterCard Inc. (MA).
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