Wallee Europe
Wallee Europe S.A. (formerly SnapSwap) provides a regulated digital financial services platform for EU businesses, combining business banking, corporate card issuance, customer onboarding, and payment acceptance. Its Everest platform offers instant account opening with LU IBAN and Mastercard issuance, while Snaprove delivers white-label KYC/AML verification using machine learning and biometric liveness detection. The company also offers bespoke white-label card programmes and omnichannel payment facilitation.
- Financial Technology
- Regulatory & Compliance Technology
- Software Only
- Artificial Intelligence
Funding
Funding not disclosed
Founders
Founder details are not available yet.
Product
Problem
Businesses across the EU face fragmented, time-consuming processes for opening bank accounts, issuing corporate cards, onboarding customers, and accepting payments across multiple channels. Regulatory compliance requirements around KYC/AML add further operational burden, slowing time-to-market and increasing costs for financial institutions and merchants alike.
Solution
Wallee Europe S.A. provides a comprehensive digital financial services platform that consolidates business banking, card issuance, customer onboarding, and payment acceptance into a single regulated offering. Its Everest platform delivers instant business account opening with LU IBAN, multiple Mastercard debit/credit cards, and automated expense management tools. Snaprove offers a white-label onboarding solution with automated KYC/AML compliance using biometric and document verification. The company also enables white-label card programmes tailored to partners' branding needs, plus payment facilitation handling merchant onboarding, compliance, and risk management for online, in-store, and unattended transactions.
Target Audience
Primary customers include financial institutions, fintechs, and businesses across the EU that need regulated digital banking, card issuing, customer onboarding, and payment acceptance solutions, as well as partners seeking white-label card programmes or KYC/AML verification tools.
Features
- Everest business banking platform with instant account opening (LU IBAN), online current account, and instant issuance of multiple Mastercard credit/debit cards
- One-click expense management with real-time alerts, controls, and 24/7 support
- Snaprove white-label KYC/AML onboarding with ID document verification using machine learning and computer vision to detect fake documents
- Multilayer biometric identification with liveness detection to ensure the person applying is the one holding the ID
- Automated screening against sanction and watch lists for AML compliance
- Bespoke white-label card programmes with EMV chip, contactless interface, and 3DSecure 2.0, available as virtual or plastic cards in consumer debit, business debit, and business credit variants
- Omnichannel payment facilitation supporting e-commerce, point-of-sale, and unattended transactions with integrated compliance and risk management