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Wipit Brings in Series A Financing from Core Innovation Capital


Mobile wallet provider Wipit announced last week that it received an undisclosed amount in Series A funding.

Wipit’s major offering is a mobile wallet service, which, in a combined effort with Boost Mobile, was launched 


specifically to serve the underbanked community. Any user with a mobile phone has access to the mobile wallet– even if they don’t have a bank account. 

Since Core Innovation Capital focuses on supporting innovations that serve the underbanked community, Wipit is a good candidate for the funding.

The California-based company plans to use this Series A round to expand consumer adoption.

To learn more about Wipit, watch its FinovateSpring 2012 demo.