Smith Ventures is the investment firm named as the proposed buyer of Green Dot’s nonbank financial-technology operations in the November 2025 transaction announcement.
The proposed nonbank acquisition is distinct from CommerceOne’s proposed acquisition of Green Dot Bank. The August 2026 company update still describes conditions to closing.
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Green Dot bought Bonneville Bank in 2011 to bring deposit-taking inside its payments business. The insured bank now supports several brands and partner programs, while a proposed 2025–2026 transaction would separate the bank from much of the technology business.
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