Already 6,852 people have seen this company's branding and they are being followed by 10 Storybook user.In average the company has been rated 3.3 points ja kommenteeritud 38 korda.

's activity report 2022

Introduction

Wallester AS (hereinafter referred to as "Wallester" or "company") is a fintech company operating under a payment institution license issued by the Financial Supervision Authority. The payment services that the company provides to its customers fall under the services mentioned in the Payment Institutions and E-Money Institutions Act:

Execution of payment transactions, including the transfer of funds to a payment account opened with a payment service provider.

Issuance of payment instruments and acceptance of payment transactions.

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Wallester focuses on serving business clients. Wallester's flexible white-label solutions and simplified integration allow the business client to adopt payment cards branded with their trademark and quickly bring their products to market. Wallester also offers business clients the opportunity to use payment cards for effective management of their company's expenses, including issuing payment cards to their employees for receiving salaries or covering travel expenses.

Wallester is a payment institution with the status of a principal member of the international card organization Visa.

Cooperation with Visa is a partnership of strategic importance. For Wallester, Visa is not only a payment transaction intermediary but also an important marketing channel. For Visa, Wallester is a fast and flexible introducer of Visa payment cards and a prospective strategic partner.

The main direction of Wallester's activities is the issuance of payment cards and the provision of card payment solutions. Wallester has developed state-of-the-art cloud-based payment card issuance technology solutions and card payment infrastructure that customers can use as a "turnkey" solution.

Ownership and management structure and team

The shareholder of Wallester is the company Placet Smart Solutions OÜ. Placet Smart Solutions OÜ belongs to the Placet Group OÜ consolidation group. As the parent company of the Placet Group OÜ group, it is a successful, strongly capitalized provider of credit and mortgage credit with an activity license issued by the Estonian Financial Supervision Authority.

Wallester has a two-tier management structure. The company's work is managed by a three-member board: Sergei Astafjev (Chairman of the Board), Dmitri Logvinenko, and Fred Sooläte. The company's supervisory board includes Reimo Hammerberg (Chairman of the Supervisory Board), Aleksandr Kostin, and Valentina Punger.

To ensure development opportunities, the number of Wallester employees has significantly increased in 2022. New employees have been recruited for various positions in IT, customer service, marketing, operations, project management, compliance control, and HR teams. Wallester has prepared detailed product-specific training materials for existing and new employees, which are helpful in raising the professional knowledge of all staff. Wallester continues to actively search for talents for various positions.

Investment policy

Wallester's new investment policy is based on the shareholder's readiness to capitalize the company to the extent necessary to ensure the availability of sufficient own and liquid funds and the company's compliance with reliability requirements. Sufficient resources are also ensured for the creation of Wallester's efficient organizational structure, extensive IT developments, marketing activities, and the performance of other important functions of the company, including the prevention of money laundering and terrorist financing.

The management of Wallester also decided to start preparations for raising additional capital from risk investors.

Products and technologies 2022 has been successful in completing several complex development projects.

For Wallester, ensuring the security of sensitive data related to customers and payment transactions is always important. Wallester has successfully completed the PCI DSS (Payment Card Industry Data Security Standard) audit process and has received PCI