Wipit, Inc.

Wipit, Inc.
simple, quick, mobile payments for everyone
Startup/business
Pasadena, California, United States United States
http://www.wipit.me
  • Overview
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Company description

Wipit is an early-stage venture in the burgeoning mobile payments industry focused on enabling the cash-preferred consumer to make mobile e-commerce transactions.  In the US alone, there are over 42.2 million under-banked and un-banked households and a rapidly growing number of over 50 million prepaid mobile-phone subscribers.  Mobile e-commerce revenues are projected to grow at a rapid pace to quickly rival traditional e-commerce figures.  Wipit is strongly positioned to take advantage of these two disruptive global trends with a highly successful team that includes the Founder and former President of Virgin Mobile USA and former VP of Sales & Marketing of Boost Mobile USA.

 


Awards and Mentions
Business model

wipit will charge a small “percentage-of-transaction” based fee to the Merchant or Developer similar to those charged when merchants accept a credit card transaction. 

Competitive advantage

wipit has partnered with Euronet Worldwide (NASDAQ: EEFT) to utilize their global network of tens of thousands of prepaid reload locations and to leverage their global sales relationships which will enable them to scale rapidly and with a high degree of cost efficiency.  In addition to our Euronet partnership, the wipit leadership team possesses  in-depth expertise and a proven track record in providing consumer branded mobile services to the cash-preferred consumer segment.  This unique knowledge, passion, and talent is expressed in every fine detail of our branding and product design.

Investors
Kathleen Utecht
Former entrepreneur, current investor.