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August 30, 2012 05:01 pm GMT
Wallaby Financial, a startup that's building a cloud-based wallet that will optimize the rewards, points, airline miles, and other benefits consumers earn when charging purchases, has just closed a seed round of $1.1 million. The round was led by Founders Fund Angel and included participation from WI Harper Group, SLP Ventures, Lion Wells Capital and other individual investors, including some former Green Dot executives. The startup also had some backing from Santa Monica-based MuckerLab, where it was a member of that incubator's inaugural class this year.Now, I know what you're thinking - anotherstartup building a wallet? But before you roll your eyes, wait; this one is interesting. Well, at least it's doing something unique. Wallaby will offer customers a universal credit card. Yes, a physical card. One card to rule them all.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zT92tEbTIAM/
Wallaby Raises $1.1 Million For Cloud-Based, Universal Credit Card
Wallaby Financial, a startup that's building a cloud-based wallet that will optimize the rewards, points, airline miles, and other benefits consumers earn when charging purchases, has just closed a seed round of $1.1 million. The round was led by Founders Fund Angel and included participation from WI Harper Group, SLP Ventures, Lion Wells Capital and other individual investors, including some former Green Dot executives. The startup also had some backing from Santa Monica-based MuckerLab, where it was a member of that incubator's inaugural class this year.Now, I know what you're thinking - anotherstartup building a wallet? But before you roll your eyes, wait; this one is interesting. Well, at least it's doing something unique. Wallaby will offer customers a universal credit card. Yes, a physical card. One card to rule them all.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zT92tEbTIAM/
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