Wallester
Company typePrivate company
Founded2016; 8 years ago (2016)
FounderDmitri Logvinenko, Sergei Astafjev
Headquarters,
Estonia
Area served
  • European Economic Area, United Kingdom, Switzerland
Key people
Fred Soolate
(CCO)
Aivar Paul
(Chief AML Officer)
ServicesIssuance of credit cards and other related financial services
Websitewallester.com
Footnotes / references
[1][2]

Wallester is a financial services company based in Estonia that specializes in white label credit card services, tokenization, and fraud monitoring. It was established in 2016. [3]

Overview edit

Wallester was established by Dmitri Logvinenko. Sergei Astafjev became associated with the company shortly thereafter.[4][5] The firm is a derivative of a Norwegian financial and credit institution,[5] and maintains its headquarters in Tallinn, Estonia. The initial stage of Wallester's development was characterized by extensive research and development activities, culminating in the introduction of its range of products.[4]

Unlike conventional consumer banking institutions, Wallester operates digitally with no brick-and-mortar locations.[6] It has an office in Valbonne, France.[4] The company provides a digital platform that enables customers to issue plastic cards branded for their own businesses.[6] The primary commercial activity of Wallester is the issuance of white-label cards.[7]

Wallester has obtained full licensing as a financial institution, and operates card programs internationally.[5] The organization issues physical and virtual cards and has integration capabilities through REST API, back office, and mobile application.[8] In 2019, Wallester was confirmed as an official Visa partner and joined the FinTech Fast Track program.[3] Additionally, Wallester's product suite includes tools like real-time expense tracking and analytics.[8]

Services edit

Wallester Business operates within the European Economic Area, the United Kingdom, and Switzerland,facilitating businesses by issuing physical and virtual corporate cards.[9] As a Visa Principal member, it provides a secure card-issuing API for businesses.[10] Its services include business transaction control and fraud prevention.[10] Wallester White Label enables white-label card issuing, allowing businesses to launch their own Visa card programs.[11][8] The company also has a mobile app for instant payments and card management, supporting the issuance of virtual cards and real-time transaction viewing.[11]

References edit

  1. ^ "Wallester". wallester.com. Wallester. December 31, 2022.
  2. ^ "Wallester Annual Report 2023". Wallester. Retrieved 18 April 2024.
  3. ^ a b Polistina, Carly (Mar 3, 2023). "Top 5 Best Payment Card Issuance Software in 2023". Tech Times. Retrieved 18 April 2024.
  4. ^ a b c Ebiri, Kelvin (Jun 12, 2023). "From Estonia to the Globe: Wallester's Path to White-Label Card Issuing Leadership". The Guardian. Retrieved 18 April 2024.
  5. ^ a b c Trout, Alice (Aug 4, 2023). "White-Label Card Solution: A Revolution in Business Operations". Startup Mafia. Retrieved 18 April 2024.
  6. ^ a b Baker, Mark (Mar 8, 2023). "How Fintech Wallester is Making Card Programs Accessible to Employees, Partners and Customers". UK Tech News. Retrieved 18 April 2024.
  7. ^ "How Wallester Meets Security and Compliance Standards Faster Using AWS". Amazon Web Services. Retrieved 18 April 2024.
  8. ^ a b c "Wallester: Redefining the Fintech Landscape and Empowering Global Businesses". MSN. Retrieved 18 April 2024.
  9. ^ Bender, Paul (May 15, 2023). "The New Era of Corporate Expense Management". Dev. Retrieved 18 April 2024.
  10. ^ a b Phelps, Harriet (Sep 30, 2021). "Introducing API's: The Future of Digitized Virtual Payment". Market Business News. Retrieved 18 April 2024.
  11. ^ a b "Start a White-Label Business in One Transaction and Gain a Loyal Customer With Every Swipe". Business Matters. Aug 16, 2021. Retrieved 18 April 2024.


Category:Estonian companies established in 2016 Category:Fintech Category:Companies based in Tallinn Category:Financial services companies established in 2016