SnapSwap International S.A.
- Company typePrivate
- Founded2015
- HeadquartersLuxembourg, Luxembourg
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
SnapSwap International S.A. firmographics
Firmographics- Name
- SnapSwap International S.A.
- Legal name
- SnapSwap International S.A.
- Website
- https://snapswap.eu
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
SnapSwap International S.A. industry classification
Industry- Product category
- Business Banking & Payment Infrastructure
- NAICS
- Credit Card Issuing (52221)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Customer Identity (KYC/CDD/EDD) & Onboarding (FSAMAMAA)
- akta.pro secondary industries
- Prepaid Card Program Managers & Issuers (BIN Sponsors) (FSAMANAK), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)
Keywords
Where SnapSwap International S.A. is headquartered
LocationHeadquarters
- HQ city
- Luxembourg
- HQ country
- Luxembourg
- HQ region
- Europe
Offices6 records
Markets served
SnapSwap International S.A. business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Business Banking Services (Everest): Revenue from providing business current accounts with LU IBAN, Mastercard card issuance, and expense management. Likely subscription or per-account fees charged to business customers for banking-as-a-service functionality.
- White-Label KYC/AML Solutions (Snaprove): Revenue from licensing the white-label Snaprove identity verification platform to financial institutions and businesses. Offered as a subscription or usage-based SaaS model with SDK/Web/mobile app delivery.
- White-Label Card Programmes: Revenue from providing customizable card issuing solutions to partners, including revenue sharing or fee-paying models for consumer/business Mastercard-branded cards (debit, pre-paid, credit).
- Payment Facilitation: Revenue from enabling businesses to accept electronic payments, handling onboarding, compliance, and risk management. Transaction-based fees from payment acceptance across online, in-store, and unattended channels.
- PSD2 API Access (TPP Services): Revenue from providing PSD2-compliant XS2A APIs to licensed Third Party Providers, likely on a subscription or usage basis.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | No publicly listed tiers — pricing is custom/quote-based per enterprise contract |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels6 records
SnapSwap International S.A. product offering
Product offeringCore offering
SnapSwap International S.A. (now operating as Wallee Europe S.A.) operates Everest, a business banking platform offering instant Luxembourg IBAN account opening, Mastercard issuance and expense management; Snaprove, a white-label digital onboarding solution with automated KYC/AML compliance using machine learning and biometrics; white-label card programmes covering consumer and business Mastercard debit, pre-paid and credit cards; and payment facilitation for merchants. The company is a Luxembourg-based Electronic Money Institution licensed by the CSSF and a Principal Member of Mastercard, SEPA-compliant across the EU.
Product overview
SnapSwap International S.A. (now operating as Wallee Europe S.A.) operates as a unified digital financial services platform offering three core integrated products: Everest (business banking with instant IBAN accounts, Mastercard cards, and expense management), Snaprove (white-label KYC/AML compliance and digital onboarding), and White-Label Card Programmes (customizable card issuing solutions). The products share integrated compliance features and work together to provide end-to-end digital payment solutions for financial institutions and businesses, from customer onboarding through payment acceptance and expense management.
Differentiator
Problem solved
Functional benefit
Brands
- Everest: Business banking platform with instant account opening (LU IBAN), Mastercard issuance, expense management, and international payments.
- Snaprove
- Everestcard
Products and services
- Everest Business Banking Platform Everest is a business banking platform that provides instant Luxembourg IBAN current account opening, Mastercard debit and credit card issuance, automated expense management tools and international payments for SMEs and businesses. It also includes 24/7 support, real-time alerts and controls, and supports the issuance of multiple cards per account.
- Payment Facilitation Payment Facilitation enables businesses to accept electronic payments across online, in-store and unattended channels by handling merchant onboarding, compliance and risk management on behalf of the business customer.
- PSD2 XS2A Open Banking APIs
Quantifiable outcome
- Instant account opening with LU IBAN and immediate Mastercard card issuance — no waiting periods for business banking onboarding
- +2 more outcomes
Companies that use SnapSwap International S.A.
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
SnapSwap International S.A. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature6 records
SnapSwap International S.A. partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- TechstarscoreSnapSwap participated in the Techstars Paris Programme in 2017, where it was introduced as an innovative startup. Multiple testimonial quotes from enterprise customers (e.g., Groupama Gan Vie CEO) reference first meeting SnapSwap at Techstars. The Techstars partnership provided mentorship, network access, and validation as a high-potential fintech startup.
- MastercardcoreWallee Europe S.A. is a Principal Member of Mastercard, enabling the issuance of Mastercard-branded cards (debit, pre-paid, credit) across consumer and business segments. The relationship also includes participation in the Mastercard Start Path programme, indicating a strategic fintech partnership. This is a foundational relationship enabling the company's card issuing and payment acceptance capabilities.
- ING Fintech VillageminorSnapSwap participated in the ING Fintech Village programme, which is ING's fintech accelerator and innovation platform. The relationship enabled SnapSwap to develop and test its onboarding solutions within ING's ecosystem, with ING's Head of Expatriates and Non-Residents providing a testimonial on the solution's effectiveness.
- BBVAminorBBVA participated in SnapSwap's customer ecosystem, using the Snaprove solution for Open Innovation and Open Talent initiatives. BBVA's Head of Open Innovation and Open Talent provided a testimonial citing the technology options available to improve customer experience. The partnership appears to be a customer implementation rather than a deep strategic alliance.
- BBVA Open Talent / SandboxminorSnapSwap participated in BBVA's Open Talent competition and BBVA Sandbox programme, indicating an innovation partnership with one of Europe's largest banks focused on testing and validating fintech solutions.
- Fintech NL / Fintech 100minorSnapSwap was listed as a participant in the European Fintech 100 ranking by Fintech NL in 2017, providing industry recognition and visibility. Listed in a logos section alongside other fintech programmes.
Scale indicators3 records
Recent moves8 records
Expansion highlights6 records
SnapSwap International S.A. competitors and assessment
Company assessmentDirect peers
- iDenfy: iDenfy provides KYC, AML, and biometric identity verification with white-label delivery, closely mirroring Snaprove's positioning and target buyer (financial institutions and fintechs).
- Marqeta: Marqeta is a modern card-issuing and processing platform exposing APIs for debit, prepaid, and credit programmes. It competes with SnapSwap's white-label card programme on the same BaaS buyer.
- Onfido (Entrust): Onfido provides AI-driven KYC/AML and identity verification used by banks and fintechs. It is a direct Snaprove competitor on document verification, biometrics, and global ID coverage, often sold into the same regulated FI buyer.
- Jumio: Jumio is a global identity verification and KYC/AML platform offering ID checks, biometrics, and AML screening. It directly competes with Snaprove for bank and fintech onboarding workloads.
- Veriff: Veriff provides AI-powered identity verification with global document coverage and biometrics. It competes head-to-head with Snaprove in regulated financial services onboarding.
- Sumsub: Sumsub offers an all-in-one KYC/AML, identity verification, and fraud-prevention suite. It targets the same bank and fintech buyers as Snaprove and competes on global document coverage and orchestration features.
- Trulioo: Trulioo is a global identity verification and business verification (KYB) network. It overlaps directly with Snaprove's 150+ country ID verification and KYC/AML screening capabilities.
- Stripe Issuing: Stripe Issuing lets platforms and fintechs create and manage card programmes via API. It is a direct competitor to SnapSwap's white-label card programme for embedded-finance and fintech customers.
- Qonto: Qonto is a European SMB business banking and expense management platform. It competes with Everest on instant IBAN accounts, corporate cards, and automated expense tooling for SMEs.
- Pleo: Pleo offers business cards and automated expense management for European SMEs and enterprises. It is a direct Everest competitor on the expense-management and corporate-card use case.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SnapSwap International S.A. social profiles
Digital presenceSnapSwap International S.A. compliance and trust
Trust signalCompliance5 records
SnapSwap International S.A. financial estimates
Financial estimateRevenue estimate
Valuation estimate
SnapSwap International S.A. leadership team
Management profileNumber of profiles
Profiles8 records
SnapSwap International S.A. funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SnapSwap International S.A. 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 SnapSwap International S.A.
What does SnapSwap International S.A. do?
SnapSwap International S.A. (now operating as Wallee Europe S.A.) operates Everest, a business banking platform offering instant Luxembourg IBAN account opening, Mastercard issuance and expense management; Snaprove, a white-label digital onboarding solution with automated KYC/AML compliance using machine learning and biometrics; white-label card programmes covering consumer and business Mastercard debit, pre-paid and credit cards; and payment facilitation for merchants. The company is a Luxembourg-based Electronic Money Institution licensed by the CSSF and a Principal Member of Mastercard, SEPA-compliant across the EU.
Is SnapSwap International S.A. a public or private company?
SnapSwap International S.A. is a private company. It is classified as corporate owned and is currently operating.
When was SnapSwap International S.A. founded?
SnapSwap International S.A. was founded in 2015. It employs 11 to 50 people.
Where is SnapSwap International S.A. based?
SnapSwap International S.A. is headquartered in Luxembourg, Luxembourg, in the Europe region.
How does SnapSwap International S.A. make money?
Five revenue lines are on record. Business Banking Services (Everest) is the primary driver. The others are white-Label KYC/AML Solutions (Snaprove), white-Label Card Programmes, payment Facilitation and PSD2 API Access (TPP Services).
Who are SnapSwap International S.A.'s main competitors?
Direct peers on record are iDenfy, Marqeta, Onfido (Entrust), Jumio, Veriff, Sumsub, Trulioo, Stripe Issuing, Qonto and Pleo.
Does SnapSwap International S.A. have an API?
Yes. SnapSwap (now Wallee Europe S.A.) provides PSD2 APIs for licensed Third Party Providers. The XS2A (Access to Account) APIs enable third-party providers to access account information and initiate payments under PSD2 regulation. Developer documentation is at developer.xs2a.everestcard.com.
What industry is SnapSwap International S.A. in?
SnapSwap International S.A.'s product category is Business Banking & Payment Infrastructure. Its primary akta.pro industry code is FSAMAMAA, Customer Identity (KYC/CDD/EDD) & Onboarding, with a secondary code of FSAMANAK, Prepaid Card Program Managers & Issuers (BIN Sponsors). Its NAICS code is 52221 and its SIC code is 6159.