When was Wallit founded?

Wallit was founded in 2011 and raised its 1st funding round 8 years after it was founded.

Where is Wallit located?

Wallit is headquartered in Westbrook, United States.

Who is the current CEO of Wallit?

Michael Vien of Wallit. They have also founded 1 company.

How many employees does Wallit have?

As of Aug 31, 2026, the latest employee count at Wallit is 13.

Is Wallit a funded company?

Wallit is a funded company, having raised a total of $12.4M across 6 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on Jun 26, 2019.

When was the latest funding round of Wallit?

Wallit's latest funding was a $***** Series A round on Jun 26, 2026, with participation from 0 investor. Its primary sector is Payments. In United States, the Payments sector has seen $5.82B in funding in 2026 to date.

Where does Wallit rank among its competitors?

Wallit ranks 151st amongst 1572 active competitors, of which 136 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was DANA, which secured an undisclosed amount in Sep, 2026.

Who are the top competitors of Wallit?

Wallit's top competitors include Grab, PhonePe and Paytm. Among them, DANA secured the most recent funding round in September, 2026.

Wallit - 2026 Company Profile, Team, Funding & Competitors

Company Details

Card-linked digital wallet provider for consumers. It offers a banking service that can be used by children by combining prepaid debit cards and smartphone apps controlled by both them and their parents. It allows the parent user to schedule automatic weekly allowance in advance or make one-off transfers.

Website: www.wallit.app/
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Key Metrics

Founded Year

2011

Location

Westbrook, United States

Stage

Series A

Total Funding

$12.4M in 6 rounds

Latest Funding Round

Series A, Jun 26, 2026, $*****

Investors

Mendoza Ventures & 5 more

Ranked

151^st among 1572 active competitors

Employee Count

13 as on Aug 31, 2026

Similar Companies

PhonePe & 338 more

View Wallit's full profile

Wallit has raised a total funding of $12.4M over 6 rounds. Its first funding round was on Jun 26, 2019. Wallit has 6 institutional investors.

Here is the list of recent funding rounds of Wallit:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 26, 2026	9333379	Series A	3993315	9649128	3126441	9855441
Oct 31, 2024	2472233	Series A	4037150	2278834	8659325	5289372
May 12, 2023	5693039	Seed	2752989	6847491	2292385	3083970

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View details of Wallit's funding rounds and investors

The founders of Wallit are Chris Williams and Michael Vien. Michael Vien is the CEO of Wallit.

Here are the details of Wallit's key team members:

Chris Williams: Co-Founder & CTO of Wallit.
Michael Vien: Co-Founder & CEO of Wallit.

View details of Wallit's Founder profiles and Board Members

Wallit's employee count trend

Wallit has 13 employees as of Aug 26. Here is Wallit's employee count trend over the years:

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Top competitors of Wallit include Grab, PhonePe and Paytm. Here is the list of Top 10 competitors of Wallit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Grab 2012, Singapore (Singapore), Public	Operator of a platform providing ride-hailing, food delivery, and payment services	$10.4B	DiDi, SoftBank Group & 108 others	88/100
2nd	PhonePe 2015, Bengaluru (India), Acquired	Provider of digital payment, financial, and technology solutions for consumers	$1.71B	Walmart, General Atlantic & 25 others	86/100
3rd	Paytm 2000, Noida (India), Public	Provider of digital payment processing and financial service management tools	$2.76B	Alibaba Group, Intel & 77 others	81/100
4th	MobiKwik 2009, Gurugram (India), Public	Provider of digital payment services for mobile and utility bills	$284M	Peak XV Partners, NET1 & 125 others	76/100
5th	Venmo 2009, New York City (United States), Acquired	Provider of a platform for sending and receiving payments between users	$1.3M	RRE Ventures, Lerer Hippeau & 8 others	76/100
6th	Curve 2015, London (United Kingdom), Acquired	Provider of digital wallet software consolidating multiple payment card accounts	$323M	Cohen Circle, IDC Ventures & 105 others	75/100
7th	DANA 2017, Jakarta (Indonesia), Acquired	Digital wallet	$250M	Sinar Mas, Lazada & 1 others	74/100
8th	GCash 2015, Taguig (Philippines), Series D	Provider of a platform for financial transactions and related services	$175M	Bow Wave Capital Management, Warburg Pincus ... & 2 others	74/100
9th	Navi 2018, Bengaluru (India), Series C	Provider of financial products including UPI, loans, insurance, and mutual funds	$150M	Gaja Capital, NDX Financial Services & 40 others	73/100
10th	bKash 2011, Dhaka (Bangladesh), Series C	Mobile financial services and payment system for consumers	$261M	SoftBank Vision Fund, Alipay & 3 others	73/100
151st	Wallit 2011, Westbrook (United States), Series A	Card-linked digital wallet provider for consumers	$12.4M	BlueIO, BoxOne Ventures & 4 others	45/100