What Walletto does

Walletto is a Bank of Lithuania-licensed Electronic Money Institution (EMI Licence No. 33) operating as a payment-services fintech headquartered in Vilnius. It delivers three integrated services — card issuing (Visa and Mastercard virtual and physical cards), merchant acquiring (card payment acceptance for online sellers), and payment accounts with dedicated IBANs supporting SEPA, SWIFT, and mass payments — to businesses across the 36-country SEPA region. The client base spans fintechs and crypto platforms, e-commerce merchants, freelance platforms and media buyers, financial-services providers, travel agencies, insurance companies, and other businesses needing fast deployment of payment infrastructure. Named customers include Bonusukarte.lv (white-label employee benefits, 2,500+ prepaid cards), Inbalance Grid (Baltic EV-charging network), and Presto Autoskola (Latvian driving school).

The platform is underpinned by a developer-facing API with published integration documentation, PCI DSS Level 1 security architecture, 3D Secure authentication, tokenization for card-on-file storage, granular card controls (contactless/ATM/e-commerce toggles), and Apple Pay and Google Pay support. Walletto is a Principal Member of both Visa and Mastercard as issuer and acquirer, a direct participant in STEP2 and SWIFT, a Visa Ready Certified BIN Sponsor, and a PCI DSS Level 1 certified entity. Recent product additions include a Mastercard World Business Debit Card, e-commerce plugins for WooCommerce and PrestaShop, and an MB WAY integration via SIBS for the Portuguese market.

Walletto generates revenue primarily through transaction-based fees on card issuing and acquiring (0.8%-2.9% per transaction depending on card origin and tier), per-card and account service charges, FX mark-ups of 1%-3%, and white-label/BIN-sponsorship programs. Two pricing tiers (Standard and Advanced) are offered to both business and consumer accounts, with premium onboarding fees and negative interest on Advanced balances. Distribution combines API-first self-serve account opening (with 48-hour urgent opening) for mid-market and developer-led clients, and dedicated personal account managers for enterprise accounts. In FY2025 Walletto reported EUR 38.3 million in net turnover (+43% year-on-year), EUR 16.9 million gross profit, and EUR 6.56 million net profit, making it one of the more clearly scaling European EMIs in the segment.

Name

Walletto

Legal name

UAB Walletto

Website

https://walletto.eu

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Payment Infrastructure / Fintech-as-a-Service

NAICS

Credit Card Issuing (522210), Credit Card Issuing (52221)

SIC

Finance Services (6199)

akta.pro primary industry

Embedded Wallets (Platforms & Marketplaces) (FSAMAEAM)

akta.pro secondary industries

Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC), General-Purpose Digital Wallets (P2P + Merchant) (FSAMAEAA), International / Multi-Currency Wallets (FSAMAEAL)

Keywords

• Payment infrastructure
• Card issuing platform
• Merchant acquiring services
• Embedded finance API
• Electronic money institution

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Payment Processing Fees: Fees charged per transaction for both acquiring and issuing. Acquiring fees range from 0.8% for EU cards to 2.4% for non-EU cards for Standard tier; 1.5% EU / 2.9% non-EU for Advanced tier. SEPA payments free for business accounts; non-SEPA fees apply.
2. Card Issuing Services: Virtual card issuance at 5.00 EUR (Standard) or free (Advanced); plastic cards at 10.00 EUR (Standard) or free (Advanced); monthly service commission of 5.00 EUR per card. ATM withdrawals with 2.50 EUR + 1.6% fee.
3. Account Service and Maintenance: Account opening fee free for business, free for consumer (Standard) and 1000 EUR for consumer (Advanced). Monthly maintenance, statement fees, enquiry fees, and inactive account fees apply. FX mark-up of 1-3% on foreign currency transactions.
4. Acquiring Services: Transaction fees, refund/reversal fees (0.50 EUR), chargeback processing fees (35.00 EUR standard, from 50.00 EUR advanced), onboarding and monthly monitoring fees for merchant accounts (MID).

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Walletto is a European-licensed electronic money institution operating an all-in-one fintech platform that provides businesses with payment account services (IBAN accounts with SEPA and SWIFT transfers), card issuing (Visa and Mastercard virtual and physical cards), and payment acquiring (merchant processing with PCI DSS Level 1 compliance). The platform is delivered via a developer-friendly API and supplemented by e-commerce plugins (WooCommerce, PrestaShop), mobile wallet support (Apple Pay, Google Pay, MB WAY), and white-label card programs.

Product overview

Walletto is an all-in-one European-licensed fintech platform providing a comprehensive suite of payment solutions. The platform operates through three interconnected core services: Card Issuing (enabling businesses to offer Visa and Mastercard virtual and physical payment cards), Acquiring (providing merchant account services for card payment acceptance with transaction processing), and Payments (offering dedicated IBAN payment accounts with mass payments, SEPA, and SWIFT transfer capabilities). Additional value-added services include tokenization for enhanced security, e-commerce plugins for WooCommerce and PrestaShop platforms, and mobile payment integrations like MB WAY. The platform is regulated by the Bank of Lithuania as an Electronic Money Institution (License No.33) and is a Principal Member of both Visa and Mastercard as an Issuer and Acquirer.

Differentiator

Problem solved

Functional benefit

Products and services

• Walletto Fintech Platform All-in-one European-licensed fintech platform providing payment account services, card issuing, and payment acquiring solutions for businesses seeking to launch, scale, and grow.
• Card Issuing Payment card issuance service enabling businesses to offer a wide range of Visa and Mastercard payment cards, including virtual and physical cards for corporate, consumer, and white-label scenarios.
• Acquiring Payment acquiring service providing merchant account setup, transaction processing, and rapid fund transfers for businesses accepting card payments.
• Payment Account (IBAN) Dedicated IBAN payment account with full assistance for opening, supporting SEPA and SWIFT payments, mass payments, and currency exchange services.
• Mass Payments Service enabling businesses to upload files with payee details and amounts for efficient large-scale payment transactions processing.
• Mastercard World Business Debit Card Business debit card available in both virtual and physical formats, with physical cards available within the EU and virtual cards accessible worldwide.
• WooCommerce Payment Plugin Payment integration plugin for WooCommerce e-commerce websites enabling merchants to accept secure online payments with Visa, Mastercard, Apple Pay, and Google Pay.
• PrestaShop Plugin Payment integration plugin for PrestaShop e-commerce platforms enabling merchants to accept secure online payments with built-in PCI DSS compliance, 3D Secure, and multi-currency support.
• MB WAY Integration Mobile payment method integration powered by SIBS, the leading mobile payment solution in Portugal, enhancing acquiring services for merchants.

Quantifiable outcome

• Remote account opening in 48 hours from moment of providing all requested documents when choosing urgent account opening
• +3 more outcomes

Named customers3 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Fintech PolandminorGTM or Marketing Partner · 1 November 2024Walletto joined Fintech Poland in November 2024 to empower Polish fintech companies by providing advanced payment services and supporting their global expansion.
• Bonusukarte.lvminorOEM/ Whitelabel/ Licensing Partner · 9 July 2024White-label partnership issuing over 2,500 customized Mastercard prepaid business cards for employee benefits. Bonusukarte.lv is an employee benefits platform in Latvia co-founded by Arturs Piliksers.
• VisacoreStrategic or Co-development Partner · 26 May 2019Principal Member of Visa for both card issuing and acquiring. Visa membership (issuing) approved December 2018; Visa issuing live date July 2019. Walletto became Visa Ready Certified BIN Sponsor in March 2023 as part of the Fintech Enablement Program.
• MastercardcoreStrategic or Co-development Partner · 26 May 2019Principal Member of Mastercard for both card issuing and acquiring. Mastercard principal license (issuing and acquiring) effective date May 2019; Mastercard issuing live date January 2020; Mastercard acquiring live date August 2021.
• STEP2 and SWIFTcoreTechnology or IntegrationDirect participant of STEP2 and SWIFT payment networks, enabling SEPA and international payment processing capabilities.
• Fintech Hub LTminorGTM or Marketing PartnerWalletto became a member of Fintech Hub LT in January 2023, a Lithuanian fintech association supporting innovation and collaboration among financial technology companies.
• Mastercard LighthouseminorGTM or Marketing PartnerWalletto became a member of Mastercard Lighthouse (an innovation program) in January 2023, gaining access to a network of fintech innovators and Mastercard resources.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Mangopay: Paris-based European EMI providing API-first payment infrastructure for marketplaces and platforms, with card issuing, IBANs and acquiring — directly comparable to Walletto's three-pillar offering and platform customer base.
• Lemonway: French-licensed payment institution offering IBANs, acquiring and wallet services primarily for marketplaces and crowdfunding platforms. Comparable regulated European EMI serving similar platform-driven customers as Walletto.
• Treezor: French EMI licensed by the ACPR providing Banking-as-a-Service APIs for card issuing, accounts and SEPA payments. Closely matches Walletto's regulated API-first issuing and payments proposition in Europe.
• Marqeta: Public card-issuing platform with global Visa/Mastercard processing for fintechs and corporates. Comparable on the modern, API-driven card-issuing model, though primarily US-focused and lacking Walletto's European EMI licence.
• Banking Circle: European-regulated payments bank offering IBAN accounts, SEPA/SWIFT and acquiring services to fintechs and corporates. Comparable regulated payments-infrastructure competitor operating across SEPA.
• Solaris SE: Berlin-based Banking-as-a-Service provider offering regulated accounts, card issuing and lending infrastructure across Europe via API — directly competitive in the embedded-finance and issuing space.

Broad incumbents

• Stripe: Global payments platform with Stripe Issuing, corporate cards and IBAN-style services. Overlaps with Walletto on developer-first acquiring and issuing but operates at vastly broader scale.
• Adyen: Global acquiring-led platform with Visa/Mastercard principal membership, multi-currency accounts and licensed EU presence. Competes for the same enterprise acquiring and platform customers as Walletto.
• Mollie: European payment service provider offering acquiring, multi-currency accounts and developer APIs to SMBs and platforms. Comparable customer profile and merchant-acquiring focus to Walletto's e-commerce segment.
• SumUp: European-headquartered payments company providing acquiring, card issuing and business accounts across SEPA. Overlaps with Walletto on merchant acquiring and card products for SMEs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Walletto_UAB
• Facebookfacebook.com/WallettoUAB
• LinkedInlinkedin.com/company/walletto
• Instagraminstagram.com/walletto.business

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Walletto