iWallet
iWallet is a U.S.-only, mobile-first payment platform built for home service businesses (HVAC, plumbing, appliance repair), offering Tap to Pay, patented mobile check deposits, automated 5-star reviews, and digital tipping via a free app with no hardware or contracts.
- Company typePrivate
- Founded2014
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What iWallet does
iWallet Inc. is a San Francisco-based private company (founded circa 2014) that operates a mobile-first payment processing platform purpose-built for U.S. home service businesses. Its core product is an all-in-one financial-operating-system app that lets field technicians accept Tap to Pay contactless card payments (NFC on iPhone and Android, including Apple Pay and Google Pay), deposit paper checks remotely via a patented front-side-only smartphone capture flow, collect digital tips, capture automated 5-star reviews during checkout, and manage unlimited technician sub-accounts with per-user reporting. The platform integrates natively or via soft connectors with 19+ field service management systems such as ServiceTitan, Housecall Pro, Jobber, FieldEdge, Salesforce Field Service, and Workiz, and routes transactions through third-party processors including Stripe, PayPal, and Adyen, with Paya powering the mobile check deposits and Dwolla handling ACH.
The company's GTM is product-led growth: a free download with no hardware, contracts, or setup costs, augmented by integration partners as a channel layer. Revenue is primarily transaction-based — a 'low flat rate' on card volume, plus per-check fees, NSF fees ($5), overdraft fees ($20/occurrence), and optional accelerated-funding charges — with the Terms of Service also reserving the right to charge monthly subscription fees. The company has not disclosed institutional funding; it states it is cash-flow positive, has scaled cumulative gross payment volume past $1B, and is growing approximately 3x year-over-year as of October 2025. iWallet has been awarded 'Most Innovative Payment Platform 2023' and is BBB accredited, but it does not disclose revenue and offers limited visibility into unit economics or net dollar retention.
The addressable customer base skews to small and mid-sized home service operators — primarily HVAC, plumbing, appliance repair, with named customers such as Flamingo Appliance Service, Cook's Air Conditioning & Heating Specialists, and Mr Appliance — across roughly 30 sub-verticals listed on the company's homepage, all restricted to U.S. customers and U.S. bank accounts.
iWallet firmographics
Firmographics- Name
- iWallet
- Legal name
- iWallet Inc.
- Website
- https://iwallet.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- iWallet is a U.S.-only, mobile-first payment platform built for home service businesses (HVAC, plumbing, appliance repair), offering Tap to Pay, patented mobile check deposits, automated 5-star reviews, and digital tipping via a free app with no hardware or contracts.
- Ownership category
- akta.pro rank
iWallet industry classification
Industry- Product category
- Mobile Payment Processing for Field Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)
- akta.pro secondary industries
- Mobile Wallets (NFC Tap-to-Pay / HCE) (FSAMAEAB), Payment Gateways & API Connectivity (FSAGABAB), Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC)
Keywords
Where iWallet is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
iWallet business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing Fees: iWallet charges credit card processing fees on transactions. The fees are described as 'low flat rate' and vary based on monthly/yearly volume. The company also processes ACH payments and mobile check deposits with associated transaction fees.
- Monthly Subscription Fees: The Terms of Service mention monthly subscription fees may be charged for services. No setup fees or cancellation fees apply.
- Mobile Check Deposit Fees: A small check fee applies to accounts not using iWallet credit card processing. NSF fee of $5 and $20 per occurrence for overdrafts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Free app with low flat rate credit card processing |
| Transaction based/ take rate | Pay-as-you-go | Mobile check deposits with small fee |
| Other | Pay-as-you-go | Accelerated funding option |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
iWallet product offering
Product offeringCore offering
iWallet provides a cloud-based mobile payment platform purpose-built for field service technicians, delivering Tap to Pay contactless card acceptance, mobile check deposit with fraud screening, automated 5-star reputation management, digital tipping, and unlimited sub-accounts on a single iOS/Android app with no hardware or contracts. The platform integrates with 19+ field service software systems and major payment processors (Stripe, PayPal, Adyen, Paya), and also exposes a Mobile Check Deposit API for third-party developer integration.
Product overview
iWallet is a Financial Operating System provider for the $650B U.S. home services industry, positioned as the #1 Point of Sale Payment App for Home Services. The core product iWallet serves as the central platform providing payment processing, with integrated modules including Mobile Check Deposit for capturing and depositing checks via mobile devices, Tap to Pay for contactless NFC-based payments, Reputation Management for collecting 5-star reviews during checkout, Tech Tips for digital tipping, Sub Accounts for managing multiple technicians with individual reporting, and Chargeback Protection. Additional financial services include Financing for home improvement projects, Manufacturer Rebates, Insurance Handling, and Programmable Contracts. The platform also offers an iWallet API for developer integration of mobile check deposit functionality. All services are specifically designed for field service and home services businesses including HVAC, plumbing, appliance repair, and cleaning companies.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 25% savings in credit card processing fees per month
- +3 more outcomes
Companies that use iWallet
Customer profileNamed customers15 records
Segments3 records
Ideal customer profiles3 records
iWallet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration26 records
AI capability1 record
Feature6 records
iWallet partnerships and signals
Strategic signalPartnerships
23 partnerships are on record, tiered core.
- StripecoreStripe is iWallet's primary credit card payment processor. iWallet integrates with Stripe for payment processing services, allowing merchants to accept credit and debit card payments through the platform.
- PayPalcorePayPal is integrated as a payment method within iWallet, allowing customers to pay using PayPal balances, linked bank accounts, or PayPal Credit.
- AdyencoreAdyen provides payment infrastructure for iWallet, enabling processing of various card types including Visa, Mastercard, American Express, and Discover.
- PayacorePaya provides mobile check deposit functionality and the iWallet Checking account feature. iWallet works with Paya for electronic check processing and ACH transactions.
- Intuit QuickBookscoreFull integration with QuickBooks for desktop is included, allowing seamless accounting and financial reconciliation for iWallet users.
- ServiceTitan MobilecoreIntegration partnership with ServiceTitan, a leading field service management software. iWallet's payment processing integrates with ServiceTitan Mobile for seamless invoicing and payment collection.
- Housecall ProcoreIntegration with Housecall Pro, a field service software platform. Seamless posting of invoice transaction details directly to Housecall Pro.
- JobbercoreIntegration with Jobber, a field service management platform. Seamless payment processing integration for home service businesses using Jobber.
- FieldEdgecoreIntegration with FieldEdge, a field service software. One-click soft integration posts invoice transaction details directly to FieldEdge for streamlined reporting.
- Salesforce Field ServicecoreIntegration with Salesforce Field Service for payment processing. Seamless data synchronization between iWallet and Salesforce.
- WorkizcoreIntegration with Workiz for field service payment processing. Seamless posting of invoice transaction details directly to Workiz.
- ServiceFusioncoreIntegration with ServiceFusion for full payment automation and seamless data synchronization.
- ServiceTradecoreIntegration with ServiceTrade for invoicing and payment processing in field service operations.
- ServicePalcoreIntegration with ServicePal for mobile invoicing and payment collection capabilities.
- Service Works ProcoreIntegration with Service Works Pro for payment processing and operational efficiency.
- Smart Service CloudcoreIntegration with Smart Service Cloud for seamless payment experience and operational integration.
- SmartWare MobilecoreIntegration with SmartWare Mobile for easy billing and payment processing.
- SeraTechcoreIntegration with SeraTech for secure payment solutions and operational efficiency.
- SuccesswarecoreIntegration with Successware for home services payment processing and management.
- WalkaboutcoreIntegration with Walkabout for payment acceptance and transaction management.
- iFleetcoreIntegration with iFleet for mobile payment solutions for fleet-based service operations.
- Bitrix24coreIntegration with Bitrix24 for CRM billing and payment processing integration.
- Aptora MobilecoreIntegration with Aptora Mobile for field service payment processing and operational efficiency.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
iWallet competitors and assessment
Company assessmentDirect peers
- ServiceTitan: Leading field service management software platform for home services contractors with its own integrated payments offering (ServiceTitan Payments). Directly competes with iWallet by owning the same end-customer relationship and offering payment processing natively.
- Housecall Pro: Field service management platform for home service businesses that includes payment processing features. iWallet integrates with Housecall Pro today, but Housecall Pro also competes directly as a payment-processing destination for the same contractor base.
- Jobber: Field service software for home service businesses with built-in payment processing (Jobber Payments). Targets the exact same SMB contractor customer base as iWallet and is one of its distribution partners, creating both a channel and a competitive overlap.
- FieldEdge: Field service management software for HVAC, plumbing, and electrical contractors with integrated payment capabilities. Competes for the same contractor base as iWallet and is currently an iWallet integration partner.
Broad incumbents
- Square (Block): Dominant mobile payment and POS platform for SMBs. Square's Tap to Pay on iPhone, mobile card readers, and SMB-focused processing compete broadly with iWallet's payment offering, though without the home services vertical specialization.
- Stripe: Global payment infrastructure platform. Stripe is iWallet's primary payment processor but also offers Stripe Terminal and Tap to Pay on iPhone directly, allowing merchants to bypass aggregators like iWallet.
- PayPal: Major consumer and merchant payments provider with mobile POS and Tap to Pay solutions (Zettle by PayPal). Competes broadly in SMB mobile payments and is also an iWallet integration partner.
- SumUp: Mobile point-of-sale and payment processing provider targeting small merchants, including field service and home-based businesses. Offers NFC tap-to-pay, mobile readers, and flat-rate processing similar to iWallet, though without the home services vertical specialization.
Emerging players
- Workiz: Field service management platform with integrated payments for home service businesses (HVAC, plumbing, appliance, etc.). Competes for the same vertical and overlapping functionality, and is both an iWallet integration partner and a potential competitor.
- Helcim: SMB-focused payment processor with mobile and contactless payment solutions positioned around transparent, lower-cost pricing. Competes for the same price-sensitive SMB merchant segment that iWallet serves with its flat-rate model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
iWallet social profiles
Digital presenceiWallet compliance and trust
Trust signalCompliance8 records
iWallet financial estimates
Financial estimateRevenue estimate
Valuation estimate
iWallet leadership team
Management profileNumber of profiles
Profiles4 records
iWallet funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
iWallet M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about iWallet
What does iWallet do?
iWallet provides a cloud-based mobile payment platform purpose-built for field service technicians, delivering Tap to Pay contactless card acceptance, mobile check deposit with fraud screening, automated 5-star reputation management, digital tipping, and unlimited sub-accounts on a single iOS/Android app with no hardware or contracts. The platform integrates with 19+ field service software systems and major payment processors (Stripe, PayPal, Adyen, Paya), and also exposes a Mobile Check Deposit API for third-party developer integration.
Is iWallet a public or private company?
iWallet is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was iWallet founded?
iWallet was founded in 2014. It employs 11 to 50 people.
Where is iWallet based?
iWallet is headquartered in San Francisco, United States, in the North America region.
How does iWallet make money?
Three revenue lines are on record. Payment Processing Fees are the primary driver. The others are monthly Subscription Fees and mobile Check Deposit Fees.
Who are iWallet's main competitors?
Direct peers on record are ServiceTitan, Housecall Pro, Jobber and FieldEdge. Broad incumbents are Square (Block), Stripe, PayPal and SumUp. Emerging players are Workiz and Helcim.
Does iWallet have an API?
Yes. iWallet API is a turnkey solution for mobile check deposits from mobile devices. It provides a secure, developer-friendly remote check deposit API to process paper checks from mobile phones. The scalable API supports issuing refunds, quick onboarding, mobile check deposits, iOS and Android integration, integration with most scheduling apps, SMS-based touchless signature capture, easy accounting/reconciliation via desktop web-app, building individual sub accounts for two or more users, and built-in check fraud protection. API uses webhooks to notify applications when events happen (e.g., customer bank confirms check payment, check rejected). Supports up to 50 read operations per second and 50 write operations per second in live mode, and 25 operations per second for each in test mode. Developer documentation is at www.iwallet.com/api.
What industry is iWallet in?
iWallet's product category is Mobile Payment Processing for Field Services. Its primary akta.pro industry code is FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout), with a secondary code of FSAMAEAB, Mobile Wallets (NFC Tap-to-Pay / HCE). Its NAICS code is 522320.