Wallets have always been wherever money is.
In antiquity, it was leather pouches for coins. In the Renaissance, it was folding pocketbooks that developed alongside the rise of paper currency. And now, with smartphones, it’s something else altogether.
“The future of the wallet is very different than it is today, as it’s becoming a much more dynamic surface,” said Eric Senn, CEO and cofounder of digital wallet development startup Badge. He pointed to Apple’s new ticket interface as an example—not just a ticket but a portal to merch, food ordering, and venue maps. To Senn, it’s part of a larger shift: the wallet becoming a core layer of the iOS and Android ecosystem, not just a feature tucked inside it.
Senn—who previously cofounded mobile commerce marketplace Storr—has bet the next phase of his career on this trajectory. And investors are getting on board: Badge has raised $17.1 million in funding, Fortune has exclusively learned. This includes a $13.8 million Series A, led by TTV Capital and with participation from Stripe, Synchrony Ventures, and Infinity Ventures. (The company, founded in 2023, also raised a previously unannounced $3.3 million seed round, with QED Investors and Infinity as investors.)
