Steve Streit (February 28, 1962, in

North Miami North Miami is a suburban city located in northeast Miami-Dade County, Florida, United States, about north of Miami. The city lies on Biscayne Bay and hosts the Biscayne Bay Campus of Florida International University. Originally the "Town of A ...

Florida Florida ( ; ) is a U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders the Gulf of Mexico to the west, Alabama to the northwest, Georgia (U.S. state), Georgia to the north, the Atlantic ...

) is an American businessman known for founding

Green Dot Corporation Green Dot Corporation is an American financial technology and bank holding company headquartered in Austin, Texas. It is the world's largest prepaid debit card company by market capitalization. Green Dot is also a payment platform company and ...

. He is also the founder and lead partner of SWS Venture Capital and a retired board member of the

Federal Reserve Bank of San Francisco The Federal Reserve Bank of San Francisco (informally referred to as the San Francisco Fed) is the Federal Reserve, federal bank for the twelfth district in the United States. The twelfth district is made up of nine western U.S. state, states— ...

, Los Angeles Branch.

Early life and education

Streit grew up in the city of

, Florida. He attended the

University of Florida The University of Florida (Florida or UF) is a public university, public land-grant university, land-grant research university in Gainesville, Florida, United States. It is a senior member of the State University System of Florida and a preem ...

, majoring in broadcast management, while working as a DJ.

Career

In 1999, after leaving the broadcasting industry, he created the prepaid debit card, marketed as Green Dot, which was originally intended for teenagers to make purchases online, but quickly expanded to serve financially underserved Americans. In 2010,

became a public company, trading on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

under the symbol GDOT. Streit also served on the board of the

's Los Angeles branch and later founded SWS Venture Capital. On December 31, 2019, Streit retired as CEO and Director of

Green Dot Corporation

Streit founded

Pasadena, California Pasadena ( ) is a city in Los Angeles County, California, United States, northeast of downtown Los Angeles. It is the most populous city and the primary cultural center of the San Gabriel Valley. Old Pasadena is the city's original commerci ...

. Green Dot provides MasterCard and

Visa Visa most commonly refers to: * Travel visa, a document that allows entry to a foreign country * Visa Inc., a US multinational financial and payment cards company ** Visa Debit card issued by the above company ** Visa Electron, a debit card ** Vi ...

debit cards to consumers who could not otherwise get an account from a traditional bank. In 2002,

Rite Aid Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. Prior to its first bankruptcy in 2023, it was the th ...

became the first large retailer to sell Green Dot cards. By 2010, over 50,000 retail stores sold Green Dot products. In 2004, Green Dot created the first "cash to debit card reload network," in which any prepaid card issuer could have their customers load money onto their debit card from any Green Dot retailer. GoBank was launched nationwide to the public in 2013. It was the first bank account designed specifically to be used as a mobile app.

Personal life

Streit lives in

Naples, Florida Naples is a city in Collier County, Florida, United States. As of the 2020 United States census, 2020 census, the population was 19,115, down from 19,539 at the 2010 census. Naples is a principal city of the Collier County, Florida, Naples–Marc ...

. He has seven adult children.

References

External links

* {{DEFAULTSORT:Streit, Steve Living people 1962 births American chief executives of financial services companies People from North Miami, Florida University of Florida alumni Financial technology company founders