# Ouro

> Ouro was the parent brand introduced in November 2023 after Rêv Worldwide and Searchlight-backed funds bought Netspend’s consumer business for $1 billion. It combined prepaid and debit accounts, multicurrency payments and loyalty technology for consumers and enterprise partners. By October 2026, the company had announced a return to the Netspend brand and ouro.com redirected to netspend.com.

- **Founded:** 1999
- **Headquarters:** Austin, United States
- **Founders:** Roy Sosa (Co-founder; chairman and CEO at Ouro’s 2023 launch), Bertrand Sosa (Co-founder; president at Ouro’s 2023 launch)
- **Products:** Netspend Prepaid Card, Netspend Debit Account, X World Wallet, Partner card and payment programs
- **Notable:** Netspend consumer business returned to its founders in a $1 billion transaction completed May 2023., Netspend and Rêv assets were combined under the Ouro parent brand in November 2023., Company and partner descriptions report millions of customers served and nearly $1 trillion in historical product transaction volume; these are cumulative claims, not annual revenue.

## Products & services

- **Netspend Prepaid Card** — Reloadable prepaid Visa and Mastercard programs with retail cash loading, direct deposit and mobile account management; card-specific fees and identity verification apply.
- **Netspend Debit Account** — Partner-bank deposit account with debit access, direct deposit, optional savings and optional overdraft for eligible users.
- **X World Wallet** — Rêv-developed multicurrency wallet combining Visa debit access, mobile payments, travel and rewards; part of the portfolio announced under Ouro in 2023. Current availability should be checked separately.
- **Partner card and payment programs** — Co-branded, white-label and banking-as-a-service collaborations combining consumer payment access with partner brands and distribution.

## Achievements

- Netspend consumer business returned to its founders in a $1 billion transaction completed May 2023.
- Netspend and Rêv assets were combined under the Ouro parent brand in November 2023.
- Company and partner descriptions report millions of customers served and nearly $1 trillion in historical product transaction volume; these are cumulative claims, not annual revenue.
- Netspend advertises a network of more than 130,000 cash reload locations.

## Latest updates

- **2026-05** — West Virginia’s business registry records a May 19 name change from Ouro Global, Inc.; the current record names Netspend Corporation.
- **2026-10** — As of the October 25 research check, Ouro’s LinkedIn page announced retirement of the Ouro name and consolidation under Netspend; ouro.com redirected to netspend.com. This is the verification month, not a claimed announcement date.

## Links

- Website: https://www.ouro.com/
- LinkedIn: https://www.linkedin.com/company/ouroglobal
- Twitter/X: https://x.com/Netspend
- Instagram: https://www.instagram.com/netspend
- Facebook: https://www.facebook.com/netspend/

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Profile page: https://yespress.io/ouro
Published by YesPress — https://yespress.io
Last updated: 2026-10-25