diff --git a/api/openapi.yaml b/api/openapi.yaml
index d3b59cc2..7082a948 100644
--- a/api/openapi.yaml
+++ b/api/openapi.yaml
@@ -2,7 +2,7 @@ openapi: 3.1.0
 
 info:
   title: Flow Wallet API
-  version: 0.4.1
+  version: 0.5.0
 
 servers:
   - url: http://localhost:3000/v1
diff --git a/main.go b/main.go
index 489328f6..529e9455 100644
--- a/main.go
+++ b/main.go
@@ -29,7 +29,7 @@ import (
 	"google.golang.org/grpc"
 )
 
-const version = "0.4.1"
+const version = "0.5.0"
 
 var (
 	sha1ver   string // sha1 revision used to build the program