Acase has released the Collagio, a iPhone 5 case with the added functionality of a leather wallet. It’s available for US$39.99 MSRP at Amazon and at .

The Collagio’s “grab-and-go” design allows users to carry their iPhone 5, up to 3 cards and cash at the same time, eliminating the need for a wallet or purse without adding bulk, according to Tom Hsieh, sales and marketing manager of Acase. The Collagio features all the fine characteristics of designer leather goods, including soft but durable leather, premium stitching and scratch resistant finish, he adds.

The Collagio also adopts the qualities of iPhone 5 cases, including a snug and slip-free fit, slightly elevated sides to prevent scratches and accessibility to all controls, buttons and camera lenses.