At Wallester, we’ve always believed that meaningful innovation in finance and payments happens through collaboration – whether local, regional, or international. And it’s not just about where you collaborate, but also who you collaborate with: clients, regulators and often the fintech ecosystem itself.
That’s why we’re pleased to share that Wallester has joined the Fintech Latvia Association, the leading organisation supporting responsible financial services and digital finance innovation in Latvia.
With one of our offices based in Riga, this membership reflects our strong and ongoing commitment to the Latvian market. Also, it reflects our broader commitment to developing high-quality and transparent solutions in a space that was traditionally shaped by legacy infrastructure.
Why It Matters
The Fintech Latvia Association brings together more than 40 members – from fintechs and alternative finance providers to compliance experts and legal professionals. Its core mission is to promote responsible industry standards, support regulatory dialogue, and strengthen trust in non-bank financial services.
Members work together to:
- Represent the interests of fintech and non-bank service providers at national and international level
- Contribute to strategic and policy development for the sector
- Cooperate with regulators and public institutions
- Organise initiatives to combat unfair commercial practices
- Conduct market and industry research
- Provide legal guidance and support to members
- Raise awareness of the association and its activities
- Promote financial literacy around modern financial services in Latvia
“Wallester’s decision to join the Fintech Latvia Association is a clear signal that Latvia’s fintech ecosystem is active, mature, and increasingly attractive to international players,” said Tīna Lūse, Managing Director of the Fintech Latvia Association.
“The association’s growth and the steady inflow of new members are concrete indicators of a dynamic and expanding ecosystem, showing that coordinated efforts between the industry, regulators, and policymakers are delivering results. This collaboration forms the foundation for sustainable growth, responsible innovation, and strengthening Latvia’s position on the European fintech map.”
How Wallester Fits In
Headquartered just across the border in Tallinn, we’re a licensed Visa partner and card-issuing platform helping companies across the EEA and UK manage spend, launch branded cards, streamline payments, and scale efficiently.
By joining FLA, we aim to:
- Stay closely aligned with Latvia’s regulatory priorities
- Support the development of strong local fintech partnerships
- Contribute to joint efforts in compliance, education, and innovation
- Advance Latvia’s role in Europe’s fintech landscape
“We want to stay connected to Latvia’s fintech ecosystem, contribute to practical improvements, and be part of how financial services evolve – setting new standards for digital finance not just locally, but also across the wider region,” said Sergei Astafjev, CEO of Wallester.
”This new membership reinforces our broader belief that collaboration and engagement – we are already a member ofFrance FinTech as well – are essential to building a more connected and efficient financial ecosystem.”
What Comes Next
We’re looking forward to contributing to the Fintech Latvia Association’s ongoing work through regulatory discussions, educational initiatives, or shared innovation goals.
Wallester is here to support responsible growth, help companies launch faster, and make finance work better – both in Latvia and across Europe.