Walletron

Philadelphia, United States Founded: 2013 • Age: 13 yrs Acquired By ACI Worldwide
White-label mobile wallets are provided for banks and businesses.
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About Walletron

Walletron is a company based in Philadelphia (United States) founded in 2013 was acquired by ACI Worldwide in May 2019.. Walletron has raised $1.09 million across 2 funding rounds from investors including ACI Worldwide and Western Union. The company has 6 employees as of December 31, 2018. Walletron offers products and services including ACI Connetic, ACI Speedpay, and ACI Payments Orchestration Platform. Walletron operates in a competitive market with competitors including Comviva, Episode Six, Zoop, Ondot Systems and Yoyo Wallet, among others.

  • Headquarter Philadelphia, United States
  • Employees 6 as on 31 Dec, 2018
  • Sectors
    Financial Services
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Walletron, Inc.
Operational Areas
Financial Services → FinTech & Digital Finance
Financial Services → FinTech & Digital Finance
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $1.09 M (USD)

    in 2 rounds

  • Latest Funding Round
    $1.09 M (USD), Seed

    Dec 05, 2016

  • Investors
  • Employee Count
    6

    as on Dec 31, 2018

  • Acquired by
    ACI Worldwide

    (May 09, 2019)

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Products & Services of Walletron

Walletron offers a comprehensive portfolio of products and services, including ACI Connetic, ACI Speedpay, and ACI Payments Orchestration Platform. 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.

Primary

Unified cloud platform for real-time payment processing

Suite for digital billing and payment services

Platform for fraud prevention and payment optimization

People of Walletron
Headcount 10-50
Employee Profiles 5
Employee Profiles
People
Thomas W. Warsop
President & CEO
People
Abe Kuruvilla
Chief Technology Officer
People
Praveena Nathawat
Chief Human Resources Officer
People
Ron Shultz
General Manager, ACI Speedpay

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Funding Insights of Walletron

Walletron has successfully raised a total of $1.09M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.09 million completed in December 2016. 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 Rounds 2
  • Last Round Seed — $1.1M
  • First Round
  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Dec, 2016 Amount Seed - Walletron Valuation Western Union
Jun, 2015 Amount Angel Round - Walletron Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Walletron

Walletron has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include ACI Worldwide and Western Union. 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.

All
Institutional
Investor Description Founded Year Domain Location
Provider of remittance services
Founded Year Domain Location
Digital payments are processed and managed via specialized solutions.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Walletron

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Walletron

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Walletron Comparisons

Employees
+
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Competitors of Walletron

Walletron 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 Comviva, Episode Six, Zoop, Ondot Systems and Yoyo Wallet, 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
Software platforms for telecommunications, digital payments, and experiences are provided.
domain founded_year HQ Location
API-linked payment gateway solutions are provided for diverse transactions.
domain founded_year HQ Location
White-label payment solutions are provided for branded transaction processing.
domain founded_year HQ Location
Card-linked marketing solutions are offered to banks and financial institutions.
domain founded_year HQ Location
Rewards-based coalition loyalty platform
domain founded_year HQ Location
Digital payment solutions are provided to banks, merchants, and consumers.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Walletron

Frequently Asked Questions about Walletron

When was Walletron founded?

Walletron was founded in 2013 and raised its 1st funding round 2 years after it was founded.

Where is Walletron located?

Walletron is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.

Is Walletron a funded company?

Walletron is a funded company, having raised a total of $1.09M across 2 funding rounds to date.

How many employees does Walletron have?

As of Dec 31, 2018, the latest employee count at Walletron is 6.

What does Walletron do?

White-label wallets for banks and businesses. It enables businesses to offer their customer to pay via mobile wallets for their bills and loyalty rewards. It offers products such as Walletron Mobills and Walletron Loyalty to offers merchants to offer their customers to pay via mobile wallet for their bills without any hassle.

Who are the top competitors of Walletron?

Walletron's top competitors include Comviva, Episode Six and MatchMove.

What products or services does Walletron offer?

Walletron offers ACI Connetic, ACI Speedpay, and ACI Payments Orchestration Platform.

Who are Walletron's investors?

Walletron has 2 investors. Key investors include ACI Worldwide, and Western Union.

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