What is InstaWally?
InstaWally operates as a real-time Wallet as a Service (WaaS) and whitelabel solution provider, enabling banks, fintech companies, and retailers to offer comprehensive digital wallet experiences to their clients. The platform addresses the complexity and cost associated with developing scalable digital wallets, providing a no-code solution that allows businesses to design, build, and deploy customized wallets in weeks or months. InstaWally's offerings extend to services such as foreign exchange (FX), remittances, rewards, customer engagement, e-commerce, expense management, payroll, and insurance, integrating banking services with a broad array of financial and non-financial tools for enhanced consumer usability.
How much funding has InstaWally raised?
InstaWally has raised a total of $1.4M across 1 funding round:
Other Financing Round
$1.4M
Other Financing Round (2022): $1.4M with participation from M-DAQ, Finmirai, and Creitive
Key Investors in InstaWally
M-DAQ
M-DAQ is a Singapore-based financial technology company specializing in over-the-top (OTT) applications designed to facilitate cross-border business for multinational corporations, securities exchanges, financial intermediaries, e-commerce platforms, and payment gateways.
Finmirai
Finmirai is an investor participating in the funding round, with its specific investment focus not detailed.
Creitive
Creitive is an investor participating in the funding round, with its specific investment focus not detailed.
What's next for InstaWally?
The recent major strategic investment in InstaWally is poised to accelerate its market penetration and product development. With a focus on empowering businesses to launch innovative digital wallet services, the company is well-positioned to capitalize on the growing demand for integrated financial solutions. Future endeavors will likely involve expanding its partnership network and enhancing its no-code platform capabilities to further streamline wallet creation and deployment for a diverse range of clients, solidifying its role as a key enabler in the digital payments ecosystem.
See full InstaWally company page
