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Overview
Update- Status
- Acquired by Morningstar on May 29, 2014
- Total Equity Funding
- $15.6M in 2 Rounds from 4 Investors
- Headquarters:
- Washington, District of Columbia
- Description:
- HelloWallet is a web and mobile app that provides financial and holistic guidance for employees.
- Founders:
- Matt Fellowes
- Categories:
- Finance, Software, FinTech
- Website:
- http://www.hellowallet.com
- Social:
Company Details
UpdateHelloWallet improves the performance of organizations by providing independent guidance that aligns corporate spending with human capital needs. Our cloud-based products enable executives with a data platform for making workforce compensation and rewards decisions that drive sustained improvements in engagement and wellness. We do this with web and mobile applications that provide personalized guidance to employees for converting their salary and benefits into prosperity. HelloWallet operates a double bottom line business model, for every five subscriptions we sell we donate one subscription to a family in need through one of our philanthropic partners.
Funding Rounds (3) - $16.15M
Update| Date | Amount / Round | Valuation | Lead Investor | Investors |
|---|---|---|---|---|
| Jan, 2012 | $12M / Series B | — | Morningstar | 3 |
| May, 2010 | $3.6M / Series A | — | — | 2 |
| Mar, 2010 | $550k / Debt Financing | — | — | 0 |
Investors (4)
| Investor | Round(s) | Partner(s) |
|---|---|---|
| Grotech Ventures | Series A | |
| Morningstar | Series B (Lead) | - |
| Revolution | Series A | |
| Series B | ||
| TDF Ventures | Series B |
Current Team (3)
Update
Rajesh Nerlikar
Senior Product Manager
Evan Samek
Director of User Experience
Board Members and Advisors (3)
Update
Michael Dering
Founder & CEO @ Dering & Estrada
Revell Horsey
Advisor (since 2013)
Jim Pastoriza
Managing Partner @ TDF Ventures
News (67)
Update| Date | News |
|---|---|
| Jul 5, 2017 | Nasdaq - KeyCorp (KEY) Closes HelloWallet Purchase from Morningstar |
| Jul 5, 2017 | Cranes Investment News - The big news and trends in adviser #FinTech |
| Jul 3, 2017 | PRNewswire All - KeyBank National Association Closes Acquisition of HelloWallet® From Morningstar, Inc. |
| May 31, 2017 | American Banker - Tech - KeyCorp to buy fintech firm that helped it score with customers |
| May 31, 2017 | Finextra - Innovation - KeyBank to buy personal finance outfit HelloWallet |
| May 16, 2017 | Bloomberg - Rich Retirees are Hoarding Cash Out of Fear |
| Apr 8, 2017 | Business Insider Australia - US credit card debt has topped $US1 trillion -- here's the most effective way you can pay it off, according to the Harvard Business Review |
| Apr 8, 2017 | Business Insider (tech) - US credit card debt has topped $1 trillion — here's the most effective way you can pay it off, according to Harvard researchers |
Offices/Locations (1)
UpdateOffice
2121 Ward Ct, NW
3rd Floor
Washington, District of Columbia 20037
United States
Past Team (8)
Update
Aaron Benway
Founder/CEO @ HSA Coach
Matt Fellowes
Founder & Chief Executive Officer @ United Income
Matthew Garza
Director of Product @ 1776
Aaron Kechley
SVP, Product Management & Marketing @ dataxu
