Defendant
1 case as defendant.
I'll research this company before writing the profile.
Let me check the litigation context.
Greenlight Financial Technology, Inc. ("Greenlight") is a privately held financial-technology company headquartered at 303 Peachtree St NE, Atlanta, Georgia. It was founded in 2014 by Timothy Sheehan, Johnson Cook, and John Hagelgans. Greenlight is venture-backed, not publicly traded; it raised roughly $550 million in total funding and reached a $2.3 billion valuation in an April 2021 Series D round ($260 million, led by Andreessen Horowitz). Third-party headcount estimates cluster around 650–700 employees. Revenue estimates from data aggregators vary widely, so no reliable public figure should be treated as authoritative.
Products / services. Greenlight operates a family money-management platform: a Mastercard-network debit card for kids, teens, and college students paired with a mobile app. Features include parental spending controls, automated allowances, chore tracking, savings goals, real-time notifications, fractional-share investing with parental approval, and identity-theft protection. Revenue comes primarily from monthly subscriptions (historically about $5–$10 per family per month) plus interchange fees. In 2020 JPMorgan Chase partnered with Greenlight on a youth checking account.
Patent-litigation posture. Greenlight is an operating company, not an assertion entity. The tracked data show exactly one case, in which Greenlight is the defendant and none as plaintiff — the classic profile of an operating company targeted by a non-practicing entity. The plaintiff, Lab Technology LLC, is classified as a non-practicing entity in Stanford's NPE litigation database and has asserted acquired telecommunications and display patents against numerous technology and telecom defendants (Verizon, LG, Anritsu, Everbridge, Amazon, Google, USAA), often in the Eastern and Western Districts of Texas. The Greenlight suit was filed in the District of Delaware rather than Texas.
Notable case. Lab Technology LLC v. Greenlight Financial Technology, Inc., No. 1:25-cv-01356-JCB (D. Del., filed Nov. 6, 2025) accused Greenlight's "Kids & Teen Banking App" of infringing U.S. Patent No. 9,219,982, "Apparatus and Method for Automatically Refreshing a Display of a Telephone." On July 23, 2026, Judge J. Campbell Barker granted Greenlight's Rule 12(b)(6) motion and dismissed the case with prejudice, holding the asserted claims patent-ineligible under 35 U.S.C. §101 as directed to the abstract idea of displaying content based on a phone's location.
Lab Technology LLC asserted US 9,219,982 against Greenlight Financial Technology, Inc. in D. Del. The case was dismissed with prejudice on July 23, 2026, with claims held ineligible under 35 U.S.C. §101 (Alice step 1 and step 2); leave to amend denied.