Bye Bye Rush Card!
‘Tis the season for closing deals.
Just about every week, we here about someone selling parts, if not all, of their company – there must be something in the water.
Entrepreneur, Hip-Hop vet, producer, and author Russell Simmons is now cutting ties with his company UniRush, LLC.
If you have one of his “Rush Cards” listen up!
The Prepaid Debit Visa Card was just handed off to another Prepaid Card conglomerate Green Dot – and the exchange wasn’t cheap either.
Green dot pretty much wrote Rush a check for $147 million in cash and another $20 million per quarter over the next five years!
Green Dot will now acquire over 750,000 new cardholders.
Geesh! What a rush!