About WalletFi
WalletFi is a Technology company based in Chapel Hill (United States) founded in 2016, and was acquired by Constellation in August 2022. Recurring billing and payments are managed via an online platform. 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. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Expense Management. Its competitors include Truebill, Ternary and Grid; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Chapel Hill, United States
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website walletfi.com
- Social LinkedIn X Facebook
- Acquired by Constellation (Aug 2022)
- Total Equity Funding$340K (USD)
in 4 rounds
- Latest Funding Round$85K (USD), Debt – Conventional
Aug 2020
- InvestorsFIS
& 2 more
- Acquired byConstellation
(Aug 2022)
Products & Services of WalletFi
WalletFi offers a comprehensive portfolio of products and services, including Transaction Enrichment API, Subscription Management Application, and Transaction Analytics Dashboard.
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.
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 $340,000
- Total Rounds 4
- Last Round Debt – Conventional — $85,000
- First Round $75,000
(May 2017)
- Investors Count 2
All 4 funding rounds of WalletFi 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 |
|---|---|---|---|---|---|
| Aug 2020 | $85,000 | Debt – Conventional | – | – | – |
| Dec 2018 | Grant | – | – | ||
| Nov 2017 | $265,000 | Seed | – | – | – |
| May 2017 | $75,000 | Seed | – | FIS | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage entrepreneurs are accelerated through MassChallenge's program. | masschallenge.org | Boston, United States | ||
Software suites for banks and financial institutions are provided. | 1968 | fisglobal.com | Jacksonville, United States | |
Financial management solutions are offered to banks and credit unions. | 2017 | constellation.coop | Raleigh, United States |
Investor details for WalletFi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of WalletFi
23 people are tracked at WalletFi (6 in leadership, 17 in team).
| Name | Role | Group |
|---|---|---|
Kris Kovacs | Founder, Board Member, And Strategic Growth Officer | Leadership |
Scott Walch | Director, Development | Leadership |
Thomas Ferri | Director, Platform Operations | Leadership |
Jen Sebring | Director Of Product & Customer Experience | Leadership |
Lauren Moran | COO | Leadership |
Michael Giamoni | CFO | Leadership |
Jim Howell | iOS Mobile Application Developer | Team |
David Billups | Technical Architect | Team |
Sarah Payne | Program Manager | Team |
Angela Warfield | Project Manager | Team |
Cindy Brucato | Digital Banking Product Manager | Team |
Sakina Smith | Application Administrator | Team |
Quentin Blackburn | Dev Ops Specialist | Team |
Santhosh Rajaveloo | Full Stack Developer | Team |
David Purdy | Full Stack Developer | Team |
Jason Trogdon | QA Automation Engineer | Team |
Tammy Robbins | Technical Support Representative | Team |
Jonathan Price | Application Administrator | Team |
Conner Leigh | Service Developer | Team |
Karrie Bomar | Office Administrator | Team |
3 more people are available in the full profile.
Complete people profiles for WalletFi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
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Timeline of WalletFi
4 dated milestones of WalletFi across 6 years, from founding to its latest funding, stage changes and deals.
- Founded WalletFi is founded.
- Funding First funding round of $75K.
- Funding Latest funding round, Debt – Conventional, of $85K.
- Exit Acquired by Constellation.
Competitors of WalletFi
WalletFi has 3 listed competitors in our database, 2 of them funded. They include Truebill, Ternary and Grid.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truebill.com | 2015 | San Francisco, United States | $83.88M | Subscription services are tracked and managed through an app-based platform. | ||
| ternary.app | 2020 | Claymont, United States | $20.32M | Cost management services are provided to businesses by Ternary. | ||
| getgrid.app | 2019 | San Francisco, United States | Bills, savings, and tax refunds are managed via mobile platform. |
Detailed competitors of WalletFi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of WalletFi
The website of WalletFi (walletfi.com) receives about 3.3K visits a month.
- Monthly visits3.3K
▲ 50.3% vs previous month
Top companies in Investment & Financial Technology
3 companies that operate in the same segment as WalletFi (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 |
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Related news about Walletfi
Complete news archive for WalletFi
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Frequently Asked Questions about WalletFi
WalletFi was founded in 2016 and raised its 1st funding round 1 year after it was founded.
WalletFi is headquartered in Chapel Hill, United States. It is registered at Chapel Hill, North Carolina, United States.
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 $75K, raised on May 2017.
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.
WalletFi offers Transaction Enrichment API, Subscription Management Application, and Transaction Analytics Dashboard.
WalletFi has 3 investors. Key investors include FIS, Constellation, and MassChallenge.
Yes. WalletFi was acquired by Constellation in August 2022.