Green Dot Corporation announced a partnership with Florida‑based Amscot Financial, a network of nearly 240 retail centers, to embed its Arc platform into Amscot’s stores. The deal will give Amscot customers FDIC‑insured demand deposit accounts, a secured credit card, and access to Green Dot’s nationwide ATM network, which includes more than 90,000 retail locations.
The partnership targets Florida’s underbanked population, which represents roughly 14% of U.S. households. By leveraging Amscot’s physical footprint, Green Dot can deliver modern banking services directly to customers who have limited access to traditional banks, expanding its reach into a high‑potential market.
For Green Dot, the deal is a key milestone in its strategy to grow the Arc embedded‑finance platform and its B2B Services segment. The company’s recent earnings show that B2B revenue grew 24% year‑over‑year to $556 million in Q1 2025, while the company raised its full‑year revenue guidance to $4.4 billion from $4.14 billion, reflecting confidence in continued demand for its platform.
“We’re proud to partner with Amscot to enhance the banking experience for their customers with modern, comprehensive digital banking tools that simplify and enhance their financial lives,” said Green Dot CEO Jamison Jaworski. Amscot founder and CEO Ian MacKechnie added, “This partnership advances our mission by enhancing accessibility to modern, affordable banking options that help our customers build strong financial foundations.”
The partnership also aligns with Green Dot’s recent operational focus on cost discipline and strategic investments. In Q3 2025, the company posted revenue of $494.8 million, up 20.8% from the prior year, and a net loss of $30.8 million, a widening loss that management attributes to continued investment in platform expansion and customer acquisition.
By embedding its Arc platform into Amscot’s retail network, Green Dot is positioning itself to capture new revenue streams from fee‑based services while reinforcing its market leadership in embedded finance. The deal underscores the company’s commitment to serving underbanked communities and expanding its B2B and Money Movement segments.
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