About Wallbit
Wallbit is a company based in San Francisco (United States) founded in 2021 by Martin Tito Gira and Rodrigo Vidal.. Wallbit has raised $125 thousand across 1 funding round from investors including Y Combinator. Wallbit operates in a competitive market with competitors including Treehouse, CoinTracker, CoinTracking, DropsTab and Tandem, among others.
- Headquarter San Francisco, United States
- Founders Martin Tito Gira, Rodrigo Vidal
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$125 K (USD)
in 1 rounds
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Latest Funding Round
$125 K (USD), Seed
Jun 01, 2023
- Investors
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Employee Count
Employee Count
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Co Team
2 people
Software Development Team
2 people
Head Team
1 people
QA Team
1 people
Leadership Team
1 people
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Funding Insights of Wallbit
Wallbit has successfully raised a total of $125K through 1 strategic funding round. The most recent funding activity was a Seed round of $125 thousand completed in June 2023. 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 Total Funding
- Total Rounds 1
- Last Round Seed — $125,000
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First Round
First Round
(01 Jun 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - Wallbit | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wallbit
Wallbit has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wallbit
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wallbit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wallbit Comparisons
Competitors of Wallbit
Wallbit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Treehouse, CoinTracker, CoinTracking, DropsTab and Tandem, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Home electrification is enabled via software for charging installations.
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| domain | founded_year | HQ Location |
Cryptocurrency portfolios are managed through a mobile application.
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| domain | founded_year | HQ Location |
Cryptocurrency portfolios are tracked through an online platform.
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| domain | founded_year | HQ Location |
Cryptocurrency portfolios are tracked through an online platform.
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| domain | founded_year | HQ Location |
Virtual collaboration software for remote teams is provided.
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| domain | founded_year | HQ Location |
Blockchain-based platform is used for tracking NFT and crypto portfolios.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Wallbit
When was Wallbit founded?
Wallbit was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Wallbit located?
Wallbit is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Wallbit?
Rodrigo Vidal is the current CEO of Wallbit. They have also founded this company.
Is Wallbit a funded company?
Wallbit is a funded company, having raised a total of $125K across 1 funding round to date. The company's 1st funding round was a Seed of $125K, raised on Jun 01, 2023.
What does Wallbit do?
Wallbit was established in 2021 in San Francisco, United States, within the fintech sector focused on cryptocurrency. An online platform is operated to handle payments received in USD from clients or employers. Funds are converted to various cryptocurrencies and withdrawn in either USD or crypto forms. Financial management is supported, along with transfers between fiat currencies and digital assets across global operations.
Who are the top competitors of Wallbit?
Wallbit's top competitors include CoinTracker, Treehouse and CoinTracking.
Who are Wallbit's investors?
Wallbit has 1 investor. Key investors include Y Combinator.