Wednesday, December 3, 2014
Wallaby Acquired By Bankrate
Pasadena-based Wallaby Financial, the developer of web and mobile apps to help consumers optimize their credit card spending, has been acquired by Bankrate. Financial terms of the buy were not disclosed. Bankrate said that it will combine wallaby's product family and technology with its existing credit card distribution platform, including its CreditCards.com online credit marketplace. Wallaby was founded by Matthew Goldman, and says it has more than 100,000 users who have been using its apps and service. Wallaby was venture backed by Founders Fund Angel, Karlin Ventures, MuckerLab, SLP Ventures, and WI Harper Group. The company had only publicly disclosed around $1.1M in funding in total.