Wallit is a next generation digital wallet and money app designed to support the everyday money moments of 30 million households with children under 18 years of age – totaling 50 million kids in the United States. Designed to solve constant money frustrations between parents and teens, Wallit enables families to earn, budget, spend, send, save, and give together. The app is integrated with your bank or credit union and easily accessible through our app or online experience.

What’s In A Name?

The name Wallit represents the idea that we’re reinventing the wallet and it was fitting to reinvent the spelling of the word while we’re at it. Your wallet is where you hold your cash and cards, but it’s also where you keep gift cards, reminders, and loyalty cards. Your wallet is the fundamental way of interacting with your money, and in an increasingly digital world the wallet as we know it was in need of a refresh.

Wallit is headquartered in Portland, Maine, and is backed by leading Boston-based venture capital firms, including BlueIO and Mendoza Ventures, with financing through a partnership with the Maine Technology Institute (MTI) and the Finance Authority of Maine (FAME).

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