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Everest

“Can a Luxembourg-licensed EMI become the go-to financial OS for European SMEs and startups by combining corporate cards, embedded insurance, and blockchain-ready infrastructure?”

Founded2015
HQLuxembourg
IndustryFintech / SMB banking
The story

Founded in 2015 as Wallee Europe S.A., the company operates under the brand 'Everest' (everest.finance) to offer digital-first corporate cards and financial tools targeting European SMEs and startups. As an EMI licensed by Luxembourg's CSSF and a Principal Mastercard Member, the company issues cards directly without relying on a third-party card issuing provider. The embedded finance story has expanded via partnerships with Qover for insurance and Oracle for blockchain infrastructure exploration, positioning Everest as a community-driven fintech alternative to traditional banking for early-stage European businesses.

Last 12 months
—
Product timeline
2015
Founded as Wallee Europe S.A. in Luxembourg, obtaining an Electronic Money Institution license from CSSF, passported across all EU member states.· banking
2021
Partnered with Qover to embed business insurance products for SME and startup cardholders across Europe.· banking
2021
Announced partnership with Oracle Financial Services to explore blockchain-based technologies for traditional FIs.· pivot
Regulated entities
2
regulatory licences held by Everest
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Everest’s embedded-finance stack
Banking / BaaS
Wallee Europe S.A. (in-house)
Card issuing
in the full report
Accounting gap: significant
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.