As Chairman and CEO of MPOWER Mobile, Roy Sosa leads the Board of Directors in providing strategic oversight and direction for the company. Mr. Sosa is a Founding Partner of MPOWER Ventures, L.P., and he currently serves as the Chairman and CEO of MPOWER Labs, Inc.
Mr. Sosa has over nine years of experience in the alternative financial services industry, having started NetSpend Corporation in 1999. NetSpend was the first prepaid card processor to specifically target the un-banked segment and as the former President and CEO, Mr. Sosa was the principal behind the company's business architecture and partnerships-driven culture that has led NetSpend to become a global leader in prepaid card services.
Mr. Sosa's unique entrepreneurial style is rooted in his diverse areas of expertise, including technology, strategy, design, finance and economics, and media. In addition to his tenure in the private sector, Mr. Sosa also served with distinction in the United States Marine Corps where he received numerous meritorious citations and promotions, including the Navy-Marine Corps Achievement and National Defense Service medals.
Outside his responsibilities as a President of MPOWER Mobile, Mr. Sosa is also a Founding Partner of MPOWER Ventures, L.P. and Co-Founder and President of MPOWER Labs, Inc., and shares the passion, vision and day to day responsibilities of carrying out a mission of empowering the world's underserved. In his role as President of MPOWER Labs, Mr. Sosa is responsible for the planning, development, and execution of the organization's business strategies, including global management of product development, advertising and marketing initiatives.
As Co-Founder and Vice President of Brand Development of NetSpend Corporation, Mr. Sosa worked to advance the financial independence of millions of self-banked Americans. During his day to day responsibilities at NetSpend Mr. Sosa was responsible for all consumer and corporate positioning of products and services, providing keen insight on the markets served, and leading the planning and execution of corporate communications strategies for the company. In 2004, Mr. Sosa was awarded the regional Ernst & Young Entrepreneur of the Year Award.
Mr. Sosa is an active supporter of community organizations and non-profit programs nationwide. With NetSpend, Mr. Sosa developed a first-of-its-kind prepaid debit card program that today supports Breast Cancer research awareness nationwide, and he established the University of Texas College of Communication's first Advertising and Sports Marketing Scholarship Fund.