Wallter

What Wallter does

Wallter UAB is a Lithuania-based Electronic Money Institution licensed by the Bank of Lithuania (License No. 30, granted March 2018), operating under the European Central Bank regulatory framework. The company provides B2B payment and banking-as-a-service infrastructure centered on four integrated product lines: dedicated EUR IBAN accounts and aggregated multi-currency accounts (supporting 40 receive currencies and 100+ send currencies), cross-border payment solutions (SEPA, SEPA Instant, SWIFT, domestic, and mass payments), prepaid Mastercard corporate cards (physical and virtual, Apple Pay/Google Pay compatible), and a developer API for payment automation. Headquartered in Vilnius with a Romanian branch in Bucharest, Wallter serves Fintech, E-commerce, SaaS, general B2B, and selective high-risk (crypto/Forex/PSP) business clients across 38 SEPA countries.

The underlying technology stack combines proprietary platform capabilities with a layered partner ecosystem: compliance and risk infrastructure is delivered through i-Spiral (internal transaction monitoring), AMLYZE, LexisNexis RiskNarrative, GlobalPass, and iDenfy for KYC; card issuance via CreditCo and World-Card.com; SEPA connectivity direct to the European banking network; and onboarding via DocuSign and Auth0. The platform supports SEPA Instant transfers within approximately 10 seconds, 24/7, including weekends and holidays, positioning Wallter against traditional corporate banking on speed.

Wallter monetizes through tiered subscription pricing (Alpha €500, Beta €1,000, Gamma €1,800 setup fees plus €50/month maintenance), transaction-based fees for SEPA/SWIFT payments, FX conversion margins (1.00%-1.99% by tier), and card services (issuance, top-up, POS, ATM fees). A Delta tier offers custom multi-year contracts for crypto, Forex, PSPs, and financial institutions. The go-to-market blends self-serve digital onboarding with dedicated account management for enterprise clients and an affiliate referral channel for mid-market acquisition. As of 2020, Wallter was the 3rd largest EMI in Lithuania with 8.3% market share of total income among 80 licensed EMIs.

Name

Wallter

Legal name

Wallter, UAB

Website

https://wallter.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Wallter is a Bank of Lithuania-licensed Electronic Money Institution providing B2B cross-border payment infrastructure, including multi-currency IBAN accounts, SEPA/SWIFT transfers, prepaid Mastercard corporate cards, and a developer API, serving Fintech, E-commerce, SaaS, and selective high-risk businesses across the SEPA zone.

Ownership category

akta.pro rank

Product category

Electronic Money Institution / Cross-Border Payments

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Credit Card Issuing (522210), Credit Card Issuing (52221)

SIC

Functions Related To Depository Banking, Nec (6099), Finance Services (6199)

akta.pro primary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

akta.pro secondary industries

Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF), Card Issuing Platforms (Issuer Processing) (FSAGABAD), Payment Processing & Acquiring Infrastructure (FSAGABAC), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)

Keywords

• Electronic money institution
• B2B payment solutions
• Cross-border payments
• Corporate banking services
• Multi-currency business accounts

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Account Setup and Maintenance Fees: Tiered pricing model with Alpha (€500), Beta (€1,000), Gamma (€1,800) account setup fees plus €50 monthly maintenance across all tiers
2. Payment Transaction Fees: Fees charged for SEPA and SWIFT transfers. Alpha tier charges flat fees (€1 outgoing/incoming SEPA, €25 outgoing/incoming SWIFT) while Beta and Gamma use percentage-based fees
3. Currency Exchange: FX conversion services with tiered margins: Alpha 1.00%, Beta 1.50%, Gamma 1.99%
4. Corporate Card Services: Revenue from prepaid business card issuance (€25), monthly administration (€20), currency conversion (3%), top-up fees (2%), POS transactions (1.5%), and ATM withdrawals (2%)
5. Additional IBAN Services: Fees for additional EUR IBAN accounts (€150-€500 depending on tier) and multi-currency IBANs (€500-€2,500)

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Wallter is a licensed Electronic Money Institution that provides business payment accounts and cross-border payment services. It issues dedicated EUR IBAN and multi-currency accounts to corporate clients, executes SEPA, SEPA Instant, SWIFT and domestic payments, and supplies physical and virtual Mastercard prepaid corporate cards. Businesses can also integrate Wallter's payment infrastructure via an API for automated financial operations.

Product overview

Wallter is an Electronic Money Institution licensed by the Bank of Lithuania, offering a unified platform for business accounts, cross-border payments, and financial operations. The core product portfolio comprises four integrated services: IBAN Accounts (dedicated EUR IBAN and multi-currency accounts), Payment Solutions (SEPA, SWIFT, domestic, and mass payments), Corporate Cards (physical and virtual prepaid Mastercard business cards), and API Services (developer integration for payment automation). Additional services include Foreign Exchange for currency conversion and an Affiliate Program for partner referrals. These products work together as a cohesive B2B payment ecosystem where businesses can open accounts, manage multi-currency funds, process international payments, issue corporate cards, and integrate payment operations programmatically.

Differentiator

Problem solved

Functional benefit

Products and services

• IBAN Accounts Dedicated EUR IBAN accounts and aggregated multi-currency accounts that enable businesses to send, receive, and hold funds in multiple currencies including EUR, USD, GBP, ILS, CAD. Receive payments in 40 currencies worldwide with EUR IBANs issued under the company's name and no limits on transaction numbers.
• Payment Solutions Comprehensive cross-border payment services including SEPA transfers, SEPA Instant transfers (typically completed within ~10 seconds, 24/7 including weekends and holidays), SWIFT transfers, domestic payments, and mass payments processing for B2B transactions.
• Corporate Cards Prepaid business debit cards available as physical and virtual cards, compatible with Apple Pay and Google Pay, accepted worldwide wherever Mastercard is supported. Includes physical business cards, virtual business cards and payroll cards.
• API Services Developer API enabling integration with Wallter's financial operations for payment initiation (SEPA, account-to-account), IBAN and balance retrieval, FX rate access, real-time webhook notifications, reconciliation automation, and multi-currency operations. Includes a staging environment for testing before going live.
• Foreign Exchange Foreign exchange services providing transparent FX rates and currency conversion capabilities, allowing businesses to convert funds and access competitive exchange rates with account-manager support. Tiered FX margins by account tier (Alpha 1.00%, Beta 1.50%, Gamma 1.99%).

Quantifiable outcome

• 3rd largest EMI in Lithuania with 8.3% market share of total income among 80 licensed EMIs
• +3 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability5 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core.

• SEPA (Single Euro Payments Area)coreTechnology or IntegrationWallter is directly connected to the SEPA European banking network, enabling EUR payments across 38 European countries. SEPA transfers are typically completed same business day, with SEPA Instant transfers within 10 seconds.
• MastercardcoreTechnology or IntegrationWallter issues prepaid business Mastercard cards accepted worldwide. Both physical and virtual cards are compatible with Apple Pay and Google Pay at any Mastercard acceptance point.
• AMLYZEcoreTechnology or IntegrationRegTech partnership for anti-financial crime framework. AMLYZE monitoring platform helped Wallter achieve 84% reduction in latency for transaction monitoring while strengthening fraud detection capabilities.
• iDenfycoreTechnology or IntegrationRemote identification services provider for KYC onboarding. Wallter performs quality assurance of iDenfy's remote identification services to ensure compliance standards.
• LexisNexiscoreTechnology or IntegrationSanctions screening and risk solutions provider. Wallter upgraded to new LexisNexis sanctions screening tool in 2022 and implemented RiskNarrative tool from LexisNexis Risk Solutions Europe Limited in 2024.
• CreditCo UABcoreTechnology or IntegrationPrepaid card provider for issuing physical and virtual business cards. Wallter performs quality assurance of CreditCo's card services as part of compliance oversight.
• GlobalPasscoreTechnology or IntegrationAML and sanctions screening tool outsourced in Q3 2023 to enhance transaction monitoring and compliance with regulatory requirements.

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Stripe: Global payments infrastructure platform offering payment processing, Stripe Issuing for card programs, and multi-currency accounts (Stripe Treasury) for platforms. Comparable to Wallter as a payments and account infrastructure provider for SaaS/e-commerce, but at vastly larger scale and broader scope.

Direct peers

• Treezor: France-based EMI/API-first Banking-as-a-Service provider offering white-label accounts, SEPA/SWIFT payments, and card issuing. Comparable to Wallter's API-driven approach and B2B payment infrastructure positioning within the European EMI landscape.
• Revolut: UK-headquartered digital banking super-app with business accounts, multi-currency IBANs, SEPA/SWIFT payments, FX, and corporate cards across Europe. Direct competitor for Wallter's B2B customer base, especially in SEPA; offers a broader consumer + business product suite.
• Wise (formerly TransferWise): Global cross-border payments platform offering multi-currency accounts, SEPA/SWIFT transfers, and business accounts to SMBs and enterprises. Directly comparable to Wallter in B2B cross-border payments, multi-currency treasury, and SEPA Instant execution, but at significantly larger scale.
• Lemonway: France-based EMI specializing in payment processing for marketplaces and regulated/fintech platforms, including crypto VASPs. Comparable to Wallter's Delta-tier high-risk/regulated vertical focus and B2B payment infrastructure model.
• N26: Germany-based digital bank offering business accounts, IBANs, SEPA payments, and Mastercard cards across the EEA. Competes with Wallter for European B2B customers seeking fully digital, mobile-first banking and payment experiences.
• Paysera: Lithuania-based EMI offering business and personal accounts, SEPA/SWIFT payments, multi-currency wallets, and prepaid cards across Europe. Direct geographic and product overlap with Wallter in the Lithuanian/SEPA EMI market; competes for the same B2B cross-border payment customers.
• Modulr: UK-based EMI providing business accounts, payment APIs, and multi-currency accounts for platforms and fintechs. Comparable to Wallter in API-first B2B payments and EMI-licensed operating model, with a stronger UK market presence.
• Payoneer: US-listed cross-border B2B payments platform serving marketplaces, SaaS, and freelancers with multi-currency receiving accounts and payouts. Comparable to Wallter in serving SaaS and e-commerce SMBs with cross-border settlement, with a larger global SMB customer base.
• Bunq: Dutch online bank providing multi-currency business accounts, SEPA Instant payments, and corporate cards across the EEA. Comparable to Wallter in cross-border B2B payments and digital onboarding, with a stronger consumer brand presence in Western Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=UF71WCpPa_k
• LinkedInlinkedin.com/company/wallter-payments-ltd
• Xx.com/walltermodern
• Facebookfacebook.com/Wallter-Payments-Ltd-177134629548494

Compliance6 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 Wallter