Roy Sosa

As Founder and Chairman of MPOWER Ventures and Founder and CEO of MPOWER Labs, Mr. Sosa is the visionary and primary force behind the companies' mission of empowerment. Mr. Sosa's philosophy of venture investment, which is centered on the end consumer, fueled by the entrepreneur, and supported by partnerships, forms the foundation for both companies' approach to social capitalism.

Mr. Sosa began providing financial services to the underserved in 1999 when he and his brother founded NetSpend Corporation. NetSpend was the first prepaid card processor to specifically target the unbanked and today the company serves more than 2 million customers. NetSpend's success has been recognized by multiple awards, including the 2004 Ernst and Young Entrepreneur of the Year Award and the 2003 NASBIC Portfolio Company of the Year Award.

Mr. Sosa's unique entrepreneurial style is rooted in his diverse areas of expertise, including technology, strategy, design, finance and economics, and media. In addition to his tenure in the private sector, Mr. Sosa also served with distinction in the United States Marine Corps where he received numerous meritorious citations and promotions, including the Navy-Marine Corps Achievement and National Defense Service medals.

Summit Video: Roy Sosa
Financial Literacy and Banking the Unbanked: From Thirld World Poor to First World Under-Served