Prepaid Ventures, LTD is founded
NexsCard is launched in the NY Tri-state area as the only prepaid card designed specifically for Alternative Financial Service Centers
NexsCard becomes a national brand
Prepaid Ventures begins investment in its white label platform and builds in-house technology and call center teams
Prepaid Ventures enters the white label program management space by partnering with Jetpay to launch their MAC Card and MPAY to bring Payentry Card to market
Prepaid Ventures forms CapX payments to offer merchant services solutions. CapX payments partners with MiCamp Solutions to develop Wavit, discount for cash platform
Avid Prepaid is launched to execute on Prepaid Ventures’ direct to consumer strategy
Prepaid Ventures changes its name to Expanse Financial Technologies
Our powerful and dynamic platform enables our partners to leverage an ever-expanding range of payment products, services, and support to create extraordinary customer experiences.
ExpanseFT is committed to creating unique solutions that are proven to deliver trust and positive results. This commitment is emphasized through partnerships with best-in-class service providers.
Michael Pruzan served as a Partner at Towerbrook Capital Partners, L.P. (also known as Soros Private Equity Partners) from 1999 to February 2004. Prior to joining SPEP, Michael spent over eleven years at Goldman, Sachs & Co. in Mergers and Acquisitions, Equity Capital Markets and Principal Investments. Mr. Pruzan received his BA from Wesleyan University.
Michael Asch is a managing member of MNM Properties, LLC., a real estate & angel investment company. MNM owns and operates properties in NYC, Chicago, Miami, and Charleston, as well as holds investments in small private startup companies. Mr. Asch is the President of a restaurant consulting company, Asch Consulting Corp., that operates over a dozen restaurants for the past 25 years. These include many iconic establishments in New York, Chicago, and Charleston SC. Michael currently sits on or holds an observer role on several Boards, across many industries. Michael has a BA from Tufts University, and graduated from Horace Mann High School in Bronx NY.
Sasha Grutman has served as a Partner at THLee Putnam Ventures, a $1 billion growth equity fund where he co-led the firm’s financial services investments in specialty finance, insurance services, and electronic capital markets investments. Prior to his tenure at THLee Putnam Ventures, he was a Managing Director at Citigroup where he oversaw the firm’s on balance sheet financial services private equity holdings as well as managed the bank’s $6 billion private equity fund-of-funds business. He currently is a Board Member of Prepaid Ventures, a Special Advisor to the boards of a number of specialty finance companies, and a Board Director of Evening Land Vineyards.
Mitchell Banchik is a managing member of Embe Properties, LLC, a real estate investment company that owns and operates properties in NYC, Chicago, Miami, and Charleston. Mitchell is the President of a restaurant consulting company that operates over 20 restaurants and has been in business for over 20 years with many iconic establishments in New York, Chicago, and Charleston. Mr. Banchik currently holds a seat as the Treasurer of NYC Hospitality Alliance as well as a Degree in Finance from NYU.
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