About Wallit
Wallit is a Financial Services company based in Westbrook (United States) founded in 2011. Wallit is recognized as a provider of digital wallet solutions for employee benefits. It operates on a SaaS (Software-as-a-Service) model. Wallit has raised $8.41 million across 6 funding rounds from investors including Maine Technology Institute, BlueIO and Mendoza Ventures. Wallit offers products and services including Wallit Digital Wallet. Its focus areas include Technology, Financial Technology and Employee Benefits Solutions. Its competitors include MoneyGram, Venmo and Kudos; 2 of its 3 listed competitors have raised funding.
Company details
Wallit is established as a technology partner offering a digital wallet solution for managing employee benefits. The platform integrates lifestyle and wellness benefits, insurance, perks, rewards, recognition, and expense reimbursements into a single system. It operates across various sectors, focusing on simplifying benefit management for employers and employees. Solutions are provided to personalize experiences, allowing users to choose benefits that suit their needs at retailers worldwide, both online and in-store. Security is prioritized with bank-level encryption and partnerships with secure banking vaults like Plaid.
- Headquarters Westbrook, United States
- SectorsFinancial Services
- Website wallit.app
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$8.41M (USD)
in 6 rounds
- Latest Funding Round$3.39M (USD), Series A
Jun 2026
- InvestorsMaine Technology Institute
& 3 more
Products & Services of Wallit
Wallit offers a comprehensive portfolio of products and services, including Wallit Digital Wallet.
A digital wallet for managing employee benefits seamlessly.
Funding Insights of Wallit
Wallit has successfully raised a total of $8.41M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $3.39 million completed in June 2026. 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 $8.41M
- Total Rounds 6
- Last Round Series A — $3.39M
- First Round $300,000
(Jun 2019)
- Investors Count 4
All 6 funding rounds of Wallit 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 |
|---|---|---|---|---|---|
| Jun 2026 | $3.39M | Series A | – | – | – |
| Oct 2024 | $1.38M | Series A | – | – | – |
| May 2023 | $775,000 | Seed | – | – | – |
| Aug 2020 | $272,510 | Seed | – | – | – |
| Sep 2019 | $2.6M | Seed | – | BlueIO, Mendoza Ventures | |
| Jun 2019 | $300,000 | Debt – Conventional | – | – | – |
4 investors in total: 4 institutional.
Investors in Wallit
Wallit has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Maine Technology Institute, BlueIO and Mendoza Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made by BlueIO in early-stage technology companies. | blueio.co | Boston, United States | ||
Venture capital investments are made in technology-driven companies by Mendoza Ventures. | 2016 | mendoza-ventures.com | Boston, United States | |
Early-stage companies are invested in by BoxOne Ventures. | boxone.xyz | Montreal, Canada | ||
Maine's technology sector is supported by a state government agency. | 1999 | mainetechnology.org | Brunswick, United States |
Investor details for Wallit
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
Verified entity values are shown only after access is granted.
People of Wallit
11 people are tracked at Wallit (6 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Chris Williams | CTO | Leadership |
Brenda Faber | Director Technology | Leadership |
Allyson Ray | VP, Customer Success | Leadership |
Mike Vien | CEO | Leadership |
John Park | Head Of Product | Leadership |
Mark Barbier | Director Enterprise Sales | Leadership |
Eric Bluhm | CRO | Team |
Andrew Casson | Advisor | Team |
Amanda Catlett | Software QA Manager | Team |
Jim Stengle | Strategic Advisor | Team |
Austin Fuller | Product Implementation Specialist | Team |
Complete people profiles for Wallit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Wallit
3 dated milestones of Wallit across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Wallit is founded.
- Funding First funding round of $300K.
- Funding Latest funding round, Series A, of $3.4M.
Competitors of Wallit
Wallit has 3 listed competitors in our database, 2 of them funded. They include MoneyGram, Venmo and Kudos.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moneygram.com | 1940 | Dallas, United States | Cross-border payments are enabled via wallet solutions for consumers. | |||
| venmo.com | 2009 | New York, United States | $1.2M | 10,793 | Consumer payments are enabled via a mobile digital wallet app. | |
| joinkudos.com | 2021 | Remote, United States | $40.38M | Kudos is focused on enhancing credit card rewards. |
Detailed competitors of Wallit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Wallit
Websites that share an audience with Wallit (wallit.app).
Websites whose visitors overlap most with Wallit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| work-wallet.com | 100% | 16.4K | #1,144,747 | View details |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Wallit (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Related news about Wallit
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Frequently Asked Questions about Wallit
Wallit was founded in 2011 and raised its 1st funding round 8 years after it was founded.
Wallit is headquartered in Westbrook, United States. It is registered at Westbrook, Maine, United States.
Wallit is a funded company, having raised a total of $8.41M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $300K, raised on Jun 2019.
Wallit is established as a technology partner offering a digital wallet solution for managing employee benefits. The platform integrates lifestyle and wellness benefits, insurance, perks, rewards, recognition, and expense reimbursements into a single system. It operates across various sectors, focusing on simplifying benefit management for employers and employees. Solutions are provided to personalize experiences, allowing users to choose benefits that suit their needs at retailers worldwide, both online and in-store. Security is prioritized with bank-level encryption and partnerships with secure banking vaults like Plaid.
Wallit offers Wallit Digital Wallet.
Wallit has 4 investors. Key investors include Maine Technology Institute, BlueIO, Mendoza Ventures, and BoxOne Ventures.