Wallaby is Being Acquired by Bankrate

I started Wallaby in late 2011 with the goals of helping people save money and simplifying how they interact with their finances. Today, I am proud to announce that we have been acquired by Bankrate, Inc. (NYSE: RATE), a leading publisher, aggregator, and distributor of personal finance content.

The entire Wallaby team will be joining Bankrate to continue working on our diverse product line. Nothing we are working on will change, only improve. Your mobile apps, web tools, browser extensions, and wearables will all continue to help you save money every day. In fact, we have a number of significant improvements to our apps that you can expect to see from us in 2015.

We want to thank each and every one of you for your part as a fan, follower, and user in this journey. We set out with the ambitious goal to issue the first digital wallet on a physical plastic card. Despite my background in personal finance technology, I underestimated the hurdles required of this product. Three years later, this product is still in development.

While our ownership has changed, our mission to help people save money through smart use of financial products has not. We are excited about our future and how we can leverage the huge reach and resources of Bankrate to help more people save even more money.

From me and the entire Wallaby team, thank you for your support.

Matthew Goldman
Founder and CEO
Wallaby Financial Inc.

For more information, please see the official press release.