Fundraising Fox

Wallit

Lakewood Ranch, US · Founded 2016 · Delaware corporation · 3 known investors

Wallit is an ID-powered digital wallet platform that lets companies manage employee lifestyle and wellness benefits, insurance, perks, rewards, and expense reimbursements in one system. Employees connect their existing debit or credit cards to access flexible workplace benefits at any retailer online or in-store.

FintechHR TechInsurTechSaaS

Founders & leadership

Wallit was founded in 2016 by Michael Vien.

MV
Michael VieninFounder & CEO
ARAllyson Ray
Allyson RayChief Administrative Officer
CW
Christopher WilliamsChief Technology Officer
JH
Jan HaasExecutive
JM
John MaloneNamed on SEC filing

Board

DF
David FurneauxBoard director
BS
Bret SiarkowskiBoard director
KR
Kenneth RayBoard director
HB
Henry BoughnerBoard director

Investors · 3

Mendoza VenturesBoston · $500K – $750K
BoxOne VenturesreportedMontréal · $500K
Storm VenturesreportedPalo Alto

Reported raises · per SEC filings

Form D private placements

$14.9M disclosed across 7 rounds · 2018–2026

▶$3.4MraisedJul 2026 · 40 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael VienExecutive Officer, Director
  • Kenneth RayDirector
  • Christopher WilliamsExecutive Officer, Director
  • Allyson RayExecutive Officer
Offering amount
$4.5M
Amount sold
$3.4M
Minimum investment
$50K
First sale
Jun 2026
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$5.4MraisedJan 2026 · 48 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Allyson RayExecutive Officer
  • Christopher WilliamsExecutive Officer, Director
  • Michael VienExecutive Officer, Director
  • Kenneth RayDirector
Offering amount
$7M
Amount sold
$5.4M
First sale
Oct 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$775KraisedMay 2023 · 7 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael VienExecutive Officer, Director
  • Kenneth RayDirector
  • Christopher WilliamsExecutive Officer, Director
  • Allyson RayExecutive Officer
Offering amount
$3M
Amount sold
$775K
Minimum investment
$50K
First sale
May 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$272.5KraisedAug 2020 · 7 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Kenneth RayDirector
  • Hank BoughnerDirector
  • Allyson RayExecutive Officer
  • David FurneauxDirector
  • Senofer MendozaDirector
  • Michael VienExecutive Officer, Director
Offering amount
$500K
Amount sold
$272.5K
Minimum investment
$25K
First sale
Aug 2020
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$300KraisedJun 2019 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • David FurneauxDirector
  • Jan HaasExecutive Officer
  • Allyson RayExecutive Officer
  • Hank BoughnerDirector
  • Kenneth RayExecutive Officer, Director
  • Michael VienExecutive Officer, Director
Offering amount
$1.6M
Amount sold
$300K
Minimum investment
$50K
First sale
Jun 2019
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$4.3MraisedSep 2018 · 21 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Henry BoughnerDirector
  • David FurneauxDirector
  • Bret SiarkowskiDirector
  • Allyson RayExecutive Officer
  • Jan HaasExecutive Officer
  • Kenneth RayExecutive Officer, Director
  • Mike VienExecutive Officer, Director
Offering amount
$6.6M
Amount sold
$4.3M
First sale
Jan 2018
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$500KraisedFeb 2018 · 2 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jan HaasExecutive Officer
  • Allyson RayExecutive Officer
  • David FurneauxDirector
  • Mike VienExecutive Officer
  • Kenneth RayExecutive Officer, Director
  • Bret SiarkowskiDirector
  • John MaloneDirector
  • Henry BoughnerDirector
Offering amount
$3M
Amount sold
$500K
First sale
Jan 2018
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 1

by search overlap
Poshmark, Inc.4 shared keywordsPoshmark is a fashion resale marketplace that enables individuals to buy and sell secondhand clothing and accessories through a mobile-first platform. The company operates a community-driven commerce model focused on sustainable fashion across the U.S. and Canada.

Companies competing with Wallit for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Portland-based app-maker changes name, raises more cashpressherald.com · Sep 2019Savings and rewards app Ourly rebrands as Wallit with $2.6 million in funding - Tech Startupstechstartups.com · Sep 2019Ourly Rebrands as Wallit with $2.6M in Funding and New Teamprnewswire.com · Sep 2019Wallit is building a places-based mobile social network, and it has $1.2 million in Seed funding to do it - StartUp Beatstartupbeat.com · Apr 2012Wallit Raises $1M in Seed Funding - FinSMEsfinsmes.com · Mar 2012With $1.2M Of Seed Funding, A SoMoLo App For Augmented Reality Fans: Wallit | TechCrunchtechcrunch.com · Mar 2012

Frequently asked questions

What does Wallit do?
Wallit is an ID-powered digital wallet platform that lets companies manage employee lifestyle and wellness benefits, insurance, perks, rewards, and expense reimbursements in one system. Employees connect their existing debit or credit cards to access flexible workplace benefits at any retailer online or in-store.
Who founded Wallit?
Wallit was founded by Michael Vien in 2016.
Who are Wallit's investors?
Wallit's investors include Mendoza Ventures, BoxOne Ventures, Storm Ventures.
How much funding has Wallit raised?
Wallit has disclosed $14.9M raised across 7 rounds.
Where is Wallit headquartered?
Wallit is headquartered in Lakewood Ranch, US.