About HelloWallet
HelloWallet is a Technology company based in Washington (United States) founded in 2009, and was acquired by KeyBank in May 2017. It operates as a personal finance management is enabled by employers for employee wellness. It operates in the Technology and Healthcare sectors. HelloWallet has raised $22.44 million across 4 funding rounds from investors including Morningstar, KeyBank and Grotech Ventures. The company has 49 employees. Its focus areas include HealthTech, Employee Health IT, Healthcare Benefits Administration and Benefits Management. Its legal entity is HELLOWALLET LLC. Its competitors include Hinge Health, Practo, Accolade, Sharecare and Spendesk and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Founded in 2009, HelloWallet operates in the personal finance sector, offering cloud-based platforms for organizations. Complete financial views, including transactions, budgets, and investment updates, are provided to employees through web and mobile applications. Executives access data for compensation and rewards decisions to enhance engagement. A double bottom line model is followed, with one subscription donated for every five sold to families in need via partners.
- Headquarters Washington, United States
- Employees 49
- Stage Acquired
- SectorsTechnologyHealthcare
- Website hellowallet.com
- Social LinkedIn X
- Acquired by KeyBank (May 2017)
- Legal Name Hellowallet Llc
- Total Equity Funding$22.44M (USD)
in 4 rounds
- Latest Funding Round$6.28M (USD), Series B
Sep 2013
- InvestorsMorningstar
& 7 more
- Employee Count49
- Acquired byKeyBank
(May 2017)
Funding Insights of HelloWallet
HelloWallet has successfully raised a total of $22.44M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $6.28 million completed in September 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $22.44M
- Total Rounds 4
- Last Round Series B — $6.28M
- First Round $550,000
(Mar 2010)
- Investors Count 7
All 4 funding rounds of HelloWallet with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2013 | $6.28M | Series B | – | Telecommunications Development Fund | |
| Jan 2012 | $12M | Series B | – | Morningstar, Revolution | – |
| May 2010 | $3.61M | Series A | – | Grotech Ventures | |
| Mar 2010 | $550,000 | Seed | – | – | – |
8 investors in total: 6 institutional and 2 angel.
Investors in HelloWallet
HelloWallet has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Morningstar, KeyBank and Grotech Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage US tech startups are invested in by Grotech Ventures. | – | grotech.com | Arlington, United States | |
- | – | tdfund.com | - | |
Revolution is recognized as a D.C.-based investment firm. | – | revolution.com | Washington, Dc, United States | |
Early-stage investments are provided by TDF Ventures in US companies. | – | tdfventures.com | Chevy Chase, United States | |
Financial data and investment advisory tools are offered online. | 1984 | morningstar.com | Chicago, United States | |
Regional bank | 1849 | key.com | Cleveland, United States | |
SC Steve Case | Co-founder of AOL, Chairman of Revolution, prominent angel investor | – | unknown_2e973416019840d2b | - |
JC Jean Case | CEO of Case Foundation, angel investor, and advocate for impact investing. | – | unknown_0b2c552b5e5e48528 | - |
Investor details for HelloWallet
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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- Co-investor network
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Timeline of HelloWallet
4 dated milestones of HelloWallet across 8 years, from founding to its latest funding, stage changes and deals.
- Founded HelloWallet is founded.
- Funding First funding round of $550K.
- Funding Latest funding round, Series B, of $6.3M.
- Exit Acquired by KeyBank.
Competitors of HelloWallet
HelloWallet has 9 listed competitors in our database, 8 of them funded. They include Hinge Health, Practo, Accolade, Sharecare and Spendesk, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hingehealth.com | 2015 | San Francisco, United States | $854.44M | 1,442 | Virtual physical therapy and digital pain care solutions are provided. | |
| practo.com | 2008 | Bengaluru, India | $227.88M | – | Doctor appointments are booked and healthcare professionals are consulted online. | |
| accolade.com | 2007 | Plymouth Meeting, United States | $228.3M | – | Employee health benefits are facilitated via a cloud-based platform. | |
| sharecare.com | 2010 | Atlanta, United States | $64M | 1,988 | Health and wellness social network for employees is provided. | |
| spendesk.com | 2016 | Paris, France | $303.82M | – | Provider of prepaid cards for financial benefits of employees | |
| betterfly.com | 2018 | Santiago, Chile | $202.5M | – | Employee health and well-being solutions are delivered through a platform. | |
| wellhub.com | 2012 | New York, United States | $85M | 213 | Cloud-based wellness programs are offered for employee health and productivity. | |
| league.com | 2014 | Toronto, Canada | $241.95M | 103 | SaaS platform for managing employee health benefits is offered. | |
| cerner.com | 1979 | North Kansas, United States | – | 5,159 | Online platform for employee health benefits |
Detailed competitors of HelloWallet
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- Full competitor set
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Web traffic of HelloWallet
Websites that share an audience with HelloWallet (hellowallet.com).
Websites whose visitors overlap most with HelloWallet. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| perfios.com | 100% | 1.4M | #44,157 | View details | |
yourfinancessimplified.com | yourfinancessimplified.com | 76% | – | – | – |
| powerwallet.com | 73% | – | #13,985,364 | View details | |
quicken.intuit.com | quicken.intuit.com | 63% | – | – | – |
| youneedabudget.com | 63% | 680.7K | #989,469 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 13 similar websites and full traffic analytics for HelloWallet
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- 13 similar websites
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Top companies in HR & Workforce Technology
10 companies that operate in the same segment as HelloWallet (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | 1,695 | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Reward-based crowdfunding is facilitated for content creators and musicians. | 2013 | San Francisco, California, United States | USD 412.1 M | – | 1,218 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 21,000 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 |
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Related news about Hellowallet
Complete news archive for HelloWallet
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about HelloWallet
HelloWallet was founded in 2009 and raised its 1st funding round 1 year after it was founded.
HelloWallet is headquartered in Washington, United States. It is registered at Washington, District Of Columbia, United States.
HelloWallet is a funded company, having raised a total of $22.44M across 4 funding rounds to date. The company's 1st funding round was a Seed of $550K, raised on Mar 2010.
HelloWallet has 49 employees.
Founded in 2009, HelloWallet operates in the personal finance sector, offering cloud-based platforms for organizations. Complete financial views, including transactions, budgets, and investment updates, are provided to employees through web and mobile applications. Executives access data for compensation and rewards decisions to enhance engagement. A double bottom line model is followed, with one subscription donated for every five sold to families in need via partners.
HelloWallet's top competitors include Accolade, Hinge Health and Wellhub.
HelloWallet has 8 investors. Key investors include Morningstar, KeyBank, Grotech Ventures, Telecommunications Development Fund, and Revolution.
HelloWallet operates through Hellowallet Llc.
Yes. HelloWallet was acquired by KeyBank in May 2017.