Wallit is a smart digital wallet and money app for families with teens.
We’re on a mission to empower millions of kids to be smart with money.
Wallit makes managing money easier for the 30 million households with kids under 18 years of age − totaling 50 million kids in the US. Designed to solve the constant money struggle between parents and teens, parents use Wallit to transfer money to their children for completing household tasks, for getting good grades, or for any reason at all - in a more modern way.
Wallit is pioneering the platform-as-a service delivery model for processing the $200B kids are earning, saving and spending annually in the U.S. Wallit sells branded, financial technology solutions and marketing services to banks and credit unions to drive customer loyalty, revenue and profitable growth.
Wallit is headquartered in York, Maine, and is backed by leading Boston-based venture capital firms, including BlueIO and Mendoza Ventures, and financing through a partnership with the Maine Technology Institute (MTI) and the Finance Authority of Maine (FAME).