Constellation Digital Partners, LLC, announced today that it has entered into an agreement to acquire WalletFi, a subscription management solution and Analytics-as-a-Service provider that unlocks the intelligence within transactional data and delivers insights to expand customer relationships and boost non-interest income for financial institutions.
The acquisition further solidifies Constellation’s commitment to digital innovation and serving its partners by providing access to new and differentiating services. Transactional data intelligence is a natural extension of the Constellation platform and highlights data's critical role as an enabling capability. This acquisition will enhance Constellation’s digital service offerings and empower Constellation to have an increased opportunity to work with community-based financial institutions in new and exciting ways.
“WalletFi has been a fantastic partner from the beginning, and we’re elated to expand on our relationship with their team through this acquisition,” said Kris Kovacs, Constellation President, and CEO. “Pairing WalletFi’s technology with the power of our Digital Banking Services will enable our clients to offer truly unique and intuitive services that engage and delight their users. We’re also pleased to be adding the leadership and experience of the WalletFi team to our own.”
“WalletFi is extremely excited to be coming together as one with Constellation,” said Marc Miller, WalletFi CEO and Co-Founder. “We look forward to accelerating Constellation’s vision to free community financial institutions from the limitations of legacy systems, allowing them to move ahead with next-generation innovations from an entire ecosystem of fintechs and developers.”
As part of this acquisition, Constellation will retain the entire WalletFi team.
Author: Mike Lawson
Married to a most gorgeous and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.