The community of Ardsley, New York, and the broader financial technology sector are mourning the unexpected passing of Andrew Siden, a pioneering entrepreneur and the esteemed founder and CEO of ExpanseFT (formerly Prepaid Ventures). Andrew’s sudden departure has left a profound void in the hearts of his family, friends, colleagues, and the countless individuals whose lives he touched through his innovative work and generous spirit.
Andrew’s journey in the financial services industry was marked by a relentless drive to innovate and a deep commitment to financial inclusion. Beginning his career at Smith Barney in 1991, he quickly rose through the ranks to become an Equity Trader with Knight Capital Group. In 2003, recognizing the transformative potential of the Alternative Financial Services (AFS) market, Andrew shifted his focus to this emerging sector. His experiences led him to identify significant gaps in financial services for the unbanked and underbanked populations, inspiring him to found Prepaid Ventures in 2007.
Under Andrew’s visionary leadership, Prepaid Ventures launched the NexsCard Prepaid Visa Card, providing a vital financial tool for those previously excluded from traditional banking systems. His dedication to leveraging technology for social good transformed Prepaid Ventures into ExpanseFT, a next-generation cloud-based payments processor that continues to champion financial accessibility.
Beyond his professional achievements, Andrew was known for his warmth, generosity, and unwavering support for his community. He was a mentor to many, always willing to share his knowledge and experience to uplift others. His commitment to social responsibility extended beyond his business endeavors, as he actively participated in various philanthropic initiatives aimed at empowering underserved communities.
Andrew’s legacy is one of innovation, compassion, and a steadfast belief in the power of technology to effect positive change. His contributions have left an indelible mark on the financial technology landscape and will continue to inspire future generations of entrepreneurs and community leaders.
Details regarding memorial services will be shared by the family in due course. In the meantime, the community is encouraged to honor Andrew’s memory by continuing his mission of fostering financial inclusion and supporting initiatives that empower those in need.