Innovative Card Solutions offers reloadable, prepaid MasterCard cards together with online financial literacy courses, mobile messaging alerts, and other money‑management tools. The company has developed 23 online training modules covering budgeting, credit scores, identity theft, and managing college loans. ICS serves a dual market: corporations that need payroll deposit solutions for employees without bank accounts and universities that need convenient ways for students to manage money and access tuition refunds. It has agreements with multiple universities to begin providing services in the fall and is working with staffing firms and payroll companies to deliver payroll card solutions. ICS is an independent, privately held, minority‑owned company with offices in Cincinnati (headquarters) and Chicago and has strategic relationships with MasterCard, FIS, and The Bancorp Bank. Financially, CincyTech invested $250,000 in the company in this financing round, and two individual investors also contributed undisclosed amounts.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2011