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wallester

Provider
BaaSCard Issuing

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 3 companies across 2 categories.

wallester.com ↗Also analysed as a company — its own stack →Open Banking Tracker profile ↗
CategoriesBaaS, Card Issuing
Rank#67 of 227 in Card Issuing
Buyers3 companies
HeadquartersTallinn, Estonia
Founded2016
FoundersSergei Astafjev, Dmitri Logvinenko

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Founders & story · from wallester’s own dossier

Wallester started as a small Estonian payment institution in 2018 and built a Visa Principal Member card-issuing platform, launching its White-Label product in 2021. It has since evolved from a pure card issuer into a broader embedded-finance infrastructure provider, adding multi-currency IBAN business accounts, BIN sponsorship, expense management and a free business tier. The 2026 UK EMI authorisation marks a deliberate expansion beyond the EEA into UK/Ireland/Switzerland coverage.

Recent developments
  • 2026-06Wallester UK receives EMI authorisation from the FCA, enabling UK launch source ↗
  • 2025-03Published retrospective 'From Ambitious Startup to Industry Leader (2021-2024)' source ↗
Full dossier: wallester’s own stack, layer by layer →
Who uses wallester
3 companies disclose wallester in their stack
eBayAazzurPaypugs
Buyer mix · 3 of 3 classified
Fintech / SMB banking · 1Infrastructure / BaaS · 1Marketplace / Two-sided · 1
US · 1EU · 1UK · 1
What the disclosures say
eBay
“Wallester publicly lists eBay as a customer on wallester.com (known_customer_listings TIER 1).”
Aazzur
“IBSi article 'AAZZUR taps Wallester to strengthen card issuing capabilities' (ibsintelligence.com, March 2026).”
Paypugs
“Verifo, which is an electronic money institution licensed and regulated by the Bank of Lithuania, provides custom-made banking-as-a-service solutions... its banking-as-a-service tools include EU IBAN provision, card issuance, and SEPA & SWIFT payments'. ffnews.com: 'PayPugs Launches Virtual Debit Cards with Wallester p…”
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What wallester runs on · from its own dossier
The third-party providers wallester itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose wallester.
Card Network
Visa
KYC
Onfido
Full dossier with evidence for each layer →
Alternatives to wallester

Other Card Issuing providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Marqeta66 buyers →Stripe Issuing32 buyers →Enfuce25 buyers →Paymentology23 buyers →Sutton Bank21 buyers →Pliant20 buyers →Galileo19 buyers →i2c17 buyers →
Share this rank

An embeddable badge for wallester’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #67 of 227 in Card Issuing — Embedded Finance Index 2026
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<a href="https://www.embeddedfinanceindex.com/vendors/wallester?ref=badge">
  <img src="https://www.embeddedfinanceindex.com/api/badge/wallester.svg"
       alt="Ranked #67 of 227 in Card Issuing — Embedded Finance Index 2026">
</a>
<img src="https://www.embeddedfinanceindex.com/api/badge/wallester/install" width="1" height="1" alt="" style="display:none">

wallester — frequently asked

Which companies use wallester?

3 companies are linked to wallester in the Embedded Finance Index 2026, through their own public disclosures or wallester's published customer list, including eBay, Aazzur and Paypugs.

What does wallester do?

wallester is an embedded-finance provider in BaaS and Card Issuing. It ranks #67 of 227 Card Issuing providers by linked companies.

What are the alternatives to wallester?

The most-named Card Issuing alternatives to wallester are Marqeta (66 buyers), Stripe Issuing (32 buyers), Enfuce (25 buyers), Paymentology (23 buyers), Sutton Bank (21 buyers) and Pliant (20 buyers).

Who founded wallester?

wallester was founded by Sergei Astafjev and Dmitri Logvinenko and is founded in 2016, headquartered in Tallinn, Estonia.

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