Launch Spotlight: WalletFi

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Launch Spotlight: WalletFi

 Avoid Painful Fees or Breaks in Service, on Your Terms 

Have you ever lost or replaced your credit card and encountered the headache of deciphering which merchants and bills were tied to the original number? Do you have the feeling that you’re being charged monthly for services that you never use?

These are issues that WalletFi’s founders Marc Miller and Alain Glanzman (2nd year MBA at UNC Kenan-Flagler) have experienced first hand. The idea for WalletFi was born out of the frustration of managing the countless recurring charges that make up our modern “subscription economy”. Whether it’s your monthly cable bill or your Blue Apron subscription, all of these services are tied to your credit or debit card number. If there’s a sudden change in billing information (e.g. a new or lost credit card) these services come to a grinding halt, causing pain and inconvenience for both consumer and merchant.

WalletFi can help identify and cancel those pesky unwanted monthly charges while helping to manage the services you actually want to keep.

WalletFi is a part of the latest cohort at Launch Chapel Hill. Founders Miller and Glanzman credit the resources and support from Launch and the Town of Chapel Hill as being instrumental in helping to build out their beta and start raising capital.

Additionally, they note the importance of location in cultivating a successful venture. “Being in Chapel Hill gives us access to smart investors and a wealth of talent in and around the Triangle,” Glanzman says. “At the end of the day, we’re able to build a FinTech app in the backyard of some of the country’s biggest banks- location has definitely been one of our biggest strategic advantages.”

The app is currently in development and scheduled to be released at the end of the year. If you’d like to be notified of WalletFi’s release in the app store, you can sign up by visiting their website

 

Launch Chapel Hill is a start-up accelerator located in Downtown Chapel Hill, North Carolina. Twice a year they accept a new class of high-potential entrepreneurs who are committed to building their early-stage, high-potential businesses into self-sustaining enterprises. Launch provides the support, tools and knowledge needed to decrease risks, reduce go-to-market time, and accelerate the growth of start-up ventures.