Wallet Factory
Wallet Factory is a Poland-based FinTech software provider offering a white-label Wallet-as-a-Service platform that enables banks, telecoms, and retailers in emerging markets to launch digital wallets, card programs, loyalty systems, and payment networks for underbanked populations.
- Company typePrivate
- Founded2015
- HeadquartersWroclaw, Poland
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Wallet Factory does
Wallet Factory is a Poland-headquartered (Wrocław) FinTech software provider founded in 2015 that delivers a modular Wallet-as-a-Service (WaaS) platform enabling banks, wallet operators, telecom operators, and retailers in emerging markets to launch white-label digital wallets, card programs, loyalty systems, and merchant payment networks. The platform architecture is organized into three product layers — Payments (Wallet Platform, Card Platform, POS Terminals Network Outsourcing, Mobile POS), Rewards (Rewards Platform, Loyalty without App), and Marketplace (Mobile Commerce Core, Loans Management, International Gift Cards, Mobile Gifts, KYC Solution) — supported by AI-powered KYC with OCR, facial recognition, and live video chat for onboarding compliance.
The company monetizes through a multi-year subscription licensing model supplemented by transaction-based fees, custom development work, and managed deployment services. GTM is sales-led enterprise field sales targeting financial institutions and telecom operators in underbanked markets across MENA, CEE/CIS, LATAM, Southeast Asia, and Africa, with localized landing pages for 30+ countries and regional offices in Dubai (MEA HQ), London, and Kyiv (R&D). Notable deployments include Belize Bank's E-kyash (first Central Bank-approved wallet in Belize), areeba's Zaky in Lebanon (500K+ households), EasyCash in Egypt ($40M partner valuation), Society Pass in Southeast Asia, Vodafone Ukraine, and O! Kyrgyzstan (2.5M subscribers).
As of 2021, Wallet Factory had implemented 50+ projects across 5 continents and 12 countries, generating $5.8M cumulative revenue with only $2M in disclosed funding. The company is led by co-founder and CEO Mikhail Miroshnichenko alongside a C-suite with 15-20 years of banking sector experience, and operates a subsidiary (MobiPay) under the Wallet Factory PL LLC legal entity. Industry recognition includes the 2022 Gold Stevie Award in MENA, 2023 Juniper Research Competitor Leaderboard inclusion, and 2023 Power 300 ranking among top digital payments tech providers.
Wallet Factory firmographics
Firmographics- Name
- Wallet Factory
- Legal name
- Wallet Factory PL LLC
- Website
- https://walletfactory.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Wallet Factory is a Poland-based FinTech software provider offering a white-label Wallet-as-a-Service platform that enables banks, telecoms, and retailers in emerging markets to launch digital wallets, card programs, loyalty systems, and payment networks for underbanked populations.
- Ownership category
- akta.pro rank
Wallet Factory industry classification
Industry- Product category
- Digital Wallet Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service) (FSAMAEAI)
- akta.pro secondary industries
- Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC), Mobile Wallets (NFC Tap-to-Pay / HCE) (FSAMAEAB), Embedded Wallets (Platforms & Marketplaces) (FSAMAEAM)
Keywords
Where Wallet Factory is headquartered
LocationHeadquarters
- HQ city
- Wroclaw
- HQ country
- Poland
- HQ region
- Europe
Offices4 records
Markets served
Wallet Factory business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Licensing and Subscription: Subscription-based pricing model for white-label digital wallet platform access and maintenance. Flexible licensing fees with tailored pricing options for bank-specific needs and scale.
- Transaction Fees: Revenue generated from transaction processing including P2P transfers, QR payments, and merchant transactions through the digital wallet ecosystem.
- Custom Development: Custom-built finance software solutions tailored to individual client business needs, locale and target audience specifics.
- Platform Deployment: Deployment and implementation services for digital wallet solutions with ongoing technical support and updates.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Subscription-based pricing with flexible licensing options |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
Wallet Factory product offering
Product offeringCore offering
Wallet Factory provides a white-label Wallet-as-a-Service (WaaS) platform that enables banks, telecom operators, wallet operators, and retailers to launch branded digital wallets, NFC/QR payments, loyalty programs, and mobile commerce services. Its modular stack includes a core Wallet Platform, Card Platform, Rewards Platform, and Mobile Commerce Core, supported by add-ons such as POS Terminals Network Outsourcing, Mobile POS, Loans Management, International Gift Cards, Mobile Gifts, and AI-powered KYC. The offering is delivered as software licensing, subscriptions, and custom development, with deployment typically completed in 3-4 months.
Product overview
Wallet Factory operates a modular platform architecture under the Wallet-as-a-Service (WaaS) delivery model, combining a core digital wallet infrastructure with specialized add-on modules. The core offerings include the Wallet Platform for eWallets and payment processing, Card Platform for NFC payments, Rewards Platform for loyalty management, and Mobile Commerce Core for marketplace functionality. These integrate with add-on modules including POS Terminals Network Outsourcing, Mobile POS, Loyalty Program Without App, Loans Management, International Gift Cards, Mobile Gifts, and an AI-powered KYC Solution. Financial institutions deploy this ecosystem to serve underbanked populations with digital payments, rewards, loans, and identity verification capabilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Wallet Platform White-label digital wallet platform providing customer and merchant eWallets with built-in ledger, payment processing, and loyalty reward functionality for financial institutions.
- Card Platform Digital card platform enabling NFC payment capabilities, turning customers' smartphones into contactless payment tools with tokenized digital cards on board.
- Rewards Platform Multi-level loyalty and rewards platform driving customer engagement with purchase bonuses, referral programs, cashback, promotions, and gamified loyalty campaigns.
- Mobile Commerce Core Mobile commerce platform enabling in-app marketplace functionality for financial institutions to offer loans, international remittances, vouchers, airtime, and gift cards.
- POS Terminals Network Outsourcing Bank acquiring network development service with catered delivery, maintenance, and support for POS terminal infrastructure.
- Mobile POS Terminals Flexible point-of-sale capabilities enabling merchants to accept customer payments on the go via mobile devices.
- Loyalty Program Without App Code-based loyalty program accessible via SMS, email, or web without requiring app download, focused on customer retention for retail and telecom sectors.
- Loans Management Automated loan lifecycle management system providing end-to-end control over customers' loan applications, approvals, and repayments.
- International Gift Cards Digital marketplace solution enabling sale of gift cards from global brands through the digital wallet ecosystem.
- Mobile Gifts Mobile gift certificate solution allowing merchants and customers to send personalized digital gifts, e-money, and gift certificates for specific products.
- KYC Solution AI-powered identity verification engine with OCR document scanning, facial recognition, and live video chat capabilities for customer onboarding compliance.
Quantifiable outcome
- 34,000 users enrolled within first month of E-kyash launch in Belize
- +5 more outcomes
Companies that use Wallet Factory
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles4 records
Wallet Factory technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature9 records
Wallet Factory partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core, flagship and minor.
- MastercardcoreMastercard integration enables card issuance and payment processing capabilities within Wallet Factory's digital wallet solutions. Partnership enables clients to offer Mastercard-branded cards and payment acceptance.
- MDSapcoreStrategic partnership to expand regional presence in MEA (Middle East and Africa). Led to opening of Dubai office for regional coverage.
- Society Pass Incorporated (SoPa)flagshipCore software vendor for NASDAQ-listed Society Pass (SOPA). Built unique eCommerce platform facilitating transactions between consumers and merchants in Southeast Asia. Platform enabled SoPa to exceed $1B market cap.
- Belize Bank LimitedflagshipDeveloped E-kyash digital wallet app for Belize Bank Limited - first digital wallet in Belize approved by Central Bank. Within first month: 34k enrolled users, 15k P2P transactions, 750+ store network.
- MoneyveominorProvided UI/UX design for Moneyveo mobile wallet enabling quick online loans. Mobile app passed PCI DSS compliance testing.
- O! Mobile Operator KyrgyzstanflagshipLaunched O!Dengi mobile wallet for 2.5 million subscribers enabling bill payments and service payments from smartphone. First operator in Kyrgyzstan to offer mobile account payments.
- OKKO Fuel Stations NetworkminorTechnical implementation partner for OKKO Pay service enabling fuel payment via smartphone at OKKO filling stations using Masterpass integration.
- Vodafone UkraineflagshipDeveloped Vodafone Pay - Ukraine's first universal digital wallet. MobiPay company (part of Wallet Factory group) served as technology and business partner for the project enabling mobile payments and transfers.
- VisacoreVisa payment network integration enabling card processing and digital payment capabilities within the platform ecosystem.
- Apple PaycoreNFC contactless payment integration for Apple devices enabling seamless mobile payments.
- Google PaycoreAndroid NFC payment integration enabling contactless mobile payments for Android users.
- areebaflagshipareeba is leading ePayment provider in Middle East. Wallet Factory enabled mobile payments in Lebanon through Zaky mobile wallet, empowering state cash assistance program for 500K+ households.
- EasyCash (Egypt)flagshipDelivered EasyCash eWallet application in Egypt - first mobile payment app aligned with Egyptian interoperability standards for QR code digital payments. $40M valuation backed by Egyptian and UAE investors.
- Alif CapitalminorDelivered Alif.mobi mobile wallet serving 200K customers in Tajikistan for microfinance and financial inclusion of unbanked population.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Wallet Factory competitors and assessment
Company assessmentDirect peers
- Marqeta: Marqeta is a modern card-issuing and payment-processing platform that powers digital wallets and fintech apps via APIs. It competes directly with Wallet Factory's Card Platform and Wallet Platform offerings for bank and fintech clients seeking white-label issuing and wallet infrastructure.
- Galileo Financial Technologies: Galileo provides payment processing, digital wallet and card-issuing APIs to banks, fintechs and corporates. Its platform closely mirrors Wallet Factory's WaaS stack and targets many of the same emerging-market and challenger-bank use cases.
- Solaris SE: Solaris offers embedded finance and Banking-as-a-Service infrastructure in Europe, including wallets, cards, lending and KYC. It overlaps with Wallet Factory's modular platform targeted at banks, telcos and wallet operators expanding digital financial services.
- Treezor: Treezor is a European Banking-as-a-Service provider issuing payment accounts, cards and wallets under API. Its offering competes with Wallet Factory's white-label wallet and card stack for financial institutions launching digital payment products.
- M2P Fintech: M2P Fintech provides digital banking, wallet, card and lending infrastructure across India, MENA and APAC. It targets the same banks, telcos and fintechs that Wallet Factory serves, with a comparable modular API-first platform and emerging-market focus.
- Thought Machine: Thought Machine builds cloud-native core banking technology used by tier-1 banks to launch digital accounts and wallets. It competes with Wallet Factory for digital-wallet deployments at banks seeking modern, programmable account infrastructure.
- 10x Banking: 10x Banking offers a cloud-native core banking and wallet platform used by challenger banks and incumbents. It overlaps with Wallet Factory's WaaS positioning where banks want end-to-end account, card and wallet capabilities.
Regional players
- Network International: Network International is a leading MEA payments processor providing acquiring, card management and wallet solutions across the Middle East and Africa. It is a strong regional competitor to Wallet Factory in the same MENA markets where Wallet Factory operates EasyCash and areeba deployments.
Broad incumbents
- Stripe: Stripe is a global payments and financial infrastructure platform with Issuing, Connect and wallet capabilities. As a broad incumbent, it overlaps with Wallet Factory's payment and wallet offerings but targets a much wider range of merchants and fintechs rather than emerging-market banks and telcos.
- IDEMIA: IDEMIA provides digital banking, payment cards and KYC/identity solutions to financial institutions worldwide. Its card issuance, biometric KYC and digital wallet offerings intersect with Wallet Factory's Card Platform and KYC Solution across banking and telecom clients.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Wallet Factory social profiles
Digital presenceWallet Factory financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wallet Factory leadership team
Management profileNumber of profiles
Profiles5 records
Wallet Factory subsidiaries and ownership
Company hierarchySubsidiaries1 record
Wallet Factory funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wallet Factory 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 Wallet Factory
What does Wallet Factory do?
Wallet Factory provides a white-label Wallet-as-a-Service (WaaS) platform that enables banks, telecom operators, wallet operators, and retailers to launch branded digital wallets, NFC/QR payments, loyalty programs, and mobile commerce services. Its modular stack includes a core Wallet Platform, Card Platform, Rewards Platform, and Mobile Commerce Core, supported by add-ons such as POS Terminals Network Outsourcing, Mobile POS, Loans Management, International Gift Cards, Mobile Gifts, and AI-powered KYC. The offering is delivered as software licensing, subscriptions, and custom development, with deployment typically completed in 3-4 months.
Is Wallet Factory a public or private company?
Wallet Factory is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Wallet Factory founded?
Wallet Factory was founded in 2015. It employs 51 to 100 people.
Where is Wallet Factory based?
Wallet Factory is headquartered in Wroclaw, Poland, in the Europe region.
How does Wallet Factory make money?
Four revenue lines are on record. Software Licensing and Subscription is the primary driver. The others are transaction Fees, custom Development and platform Deployment.
Who are Wallet Factory's main competitors?
Direct peers on record are Marqeta, Galileo Financial Technologies, Solaris SE, Treezor, M2P Fintech, Thought Machine and 10x Banking. Network International is listed as a regional player. Broad incumbents are Stripe and IDEMIA.
Does Wallet Factory have an API?
No public API is recorded for Wallet Factory.
What industry is Wallet Factory in?
Wallet Factory's product category is Digital Wallet Software. Its primary akta.pro industry code is FSAMAEAI, Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service), with a secondary code of BPAMAFAC, Digital Wallet Platforms (Consumer & Merchant). Its NAICS code is 51821 and its SIC code is 6199.