About WalletFi
WalletFi is a company based in Chapel Hill (United States) founded in 2016 was acquired by Constellation in August 2022.. WalletFi has raised $340 thousand across 4 funding rounds from investors including FIS, Constellation and MassChallenge. WalletFi offers products and services including Transaction Enrichment API, Subscription Management Application, and Transaction Analytics Dashboard. WalletFi operates in a competitive market with competitors including Truebill, Ternary, Grid, BillTrim and Hiatus, among others.
- Headquarter Chapel Hill, United States
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Sectors
Technology
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Email
***********
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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
$340 K (USD)
in 4 rounds
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Latest Funding Round
$85 K (USD), Debt – Conventional
Aug 05, 2020
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Investors
FIS
& 2 more
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Employee Count
Employee Count
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Acquired by
Constellation
(Aug 23, 2022)
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Products & Services of WalletFi
WalletFi offers a comprehensive portfolio of products and services, including Transaction Enrichment API, Subscription Management Application, and Transaction Analytics Dashboard. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enriches raw transactions with subscription and bill data for analysis.
Allows users to classify and manage recurring payments centrally.
Provides insights on transaction trends for informed decision-making.
Unlock access to complete
Funding Insights of WalletFi
WalletFi has successfully raised a total of $340K across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $85 thousand completed in August 2020. 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 4
- Last Round Debt – Conventional — $85,000
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First Round
First Round
(11 May 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Debt – Conventional - WalletFi | Valuation |
investors |
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| Dec, 2018 | Amount | Grant - WalletFi | Valuation |
investors |
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| Nov, 2017 | Amount | Seed - WalletFi | Valuation |
investors |
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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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WalletFi
WalletFi has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include FIS, Constellation and MassChallenge. 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 entrepreneurs are accelerated through MassChallenge's program.
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Founded Year | Domain | Location | |
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Software suites for banks and financial institutions are provided.
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Founded Year | Domain | Location | |
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Financial management solutions are offered to banks and credit unions.
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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
|
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 WalletFi
| 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 - WalletFi
| 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 |
Walletfi Comparisons
Competitors of WalletFi
WalletFi 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 Truebill, Ternary, Grid, BillTrim and Hiatus, 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 |
Subscription services are tracked and managed through an app-based platform.
|
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| domain | founded_year | HQ Location |
Cost management services are provided to businesses by Ternary.
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| domain | founded_year | HQ Location |
Bills, savings, and tax refunds are managed via mobile platform.
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| domain | founded_year | HQ Location |
Bill management platform
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| domain | founded_year | HQ Location |
Hiatus is developed as an all-in-one finance and bill management tool.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Walletfi
Frequently Asked Questions about WalletFi
When was WalletFi founded?
WalletFi was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is WalletFi located?
WalletFi is headquartered in Chapel Hill, United States. It is registered at Chapel Hill, North Carolina, United States.
Is WalletFi a funded company?
WalletFi is a funded company, having raised a total of $340K across 4 funding rounds to date. The company's 1st funding round was a Seed of $265K, raised on May 11, 2017.
What does WalletFi do?
WalletFi was founded in 2016 in Chapel Hill, United States, as a fintech platform focused on billing management. User accounts are linked securely to identify recurring payments within monthly cycles. Transfers of recurring payments between cards are facilitated. Operations center on digital tools for payment oversight in the financial sector, serving users across the United States.
Who are the top competitors of WalletFi?
What products or services does WalletFi offer?
WalletFi offers Transaction Enrichment API, Subscription Management Application, and Transaction Analytics Dashboard.
Who are WalletFi's investors?
WalletFi has 3 investors. Key investors include FIS, Constellation, and MassChallenge.