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Banking Suite Provider Urban FT Acquires Wipit

UrbanFTHomepage

Urban FT, a startup that offers card issuers a digital banking suite that includes cards, a mobile app, and web interface, wants to give small card issuers a leg up on the competition.

WipitHomepageToday, the company has taken a step in achieving that goal by acquiring digital wallet solutions company, Wipit.

Urban FT states that the Wipit acquisition will help provide a more comprehensive solution-set. The New York-based company is especially keen to tap into Wipit’s telco partnerships with Boost Mobile, Sprint, and Pinsight Media.

To leverage the Wipit team’s experience, Urban FT has hired the California-based company’s key employees.

Urban FT will present its latest offering at FinovateFall in New York in two weeks. Tickets are still available, but going fast.

Wipit last demoed at FinovateSpring 2014 in San Jose where it showed off its Boost Mobile Wallet.