Company
Built by financial market veterans who walked in your shoes.
We know your pain – we built the solution.
Walletory started slowly, building up on trust via stable infrastructure. Where clients felt the traditional ways lacked the speed, scale or trust, we came to bring you the solution. Now, our infrastructure is built on market reality and understands your struggle.
We started in 2017 as a small Singaporean company with a local approval for a stored-value facility activity. However, with the regulatory changes in 2019 following the new Payment Services Act, we decided to take it a step further and applied to the Monetary Authority of Singapore for a Major Payment Institution license, which we were granted in 2023.
Knowing the market, we decided to build our infrastructure from scratch with only trusted partners. Albeit it took a long time, we have been setting up partnerships with banking and payment institutions that keep high credibility instead of risking our future for a few more bucks. Thus, we're building on the stability, and we keep on forming our infrastructure on these principles.
We started with few clients and tested our capacities with them, improving full compliance, building experienced teams and an API surface that we can be proud of. Our company now executes payments for hundreds of clients, domestically or internationally, providing them with simple, fast and cost-wise solutions.
Timeline
Nine years. One platform.
2017
Established
Company founded as a stored-value facility.
2019
Decision to go big
With new regulation, we have decided to apply for a major payment institution license.
2023
MPI license granted
Monetary Authority of Singapore granted license to Walletory.
2023
First banks & processed payments
Company has finished the setup of its infrastructure and processed first client transfers.
2025
Bridge launched in multiple markets
Local rails open in Singapore, Japan, and European Union. More to come.
2026
Global banking network expansion
Walletory expands its global banking network, offering dedicated multi-currency accounts (SGD, EUR, USD, JPY, PHP, CHF) on an API-ready platform for embedded finance.
The team
The people who own outcomes.
David Kasper
Co-founder
Sets the vision for Walletory and supports the company to reach it.
Viknesh Savagan
Director
Leads the company with expertise in AML/CFT and risk management.
Marek Bocanek
Director
Leads the company with focus on building payment infrastructure.
Mason Chou
Head of Compliance
Owns Walletory's compliance framework under the Singapore Payment Services Act.
Lukas Bilek
Legal Counsel
Handles licensing, contracts, and the legal structure behind cross-border settlement.
Jasmine Pay
Senior Accounting & Finance Associate
Runs accounting, reconciliation, and treasury reporting across the Walletory entity.
Nargis Mihaylova
COO
Manages the setup for day-to-day client-facing operations and projects related to new products.
Iva Salakova
Head of Payment Operations
Manages the payment infrastructure and rails, projects related thereto and generally operational side of money movements.
Where we are
Singapore HQ.
Management, Compliance and Quality Checks.
Where you can find us.
Singapore
HQManagement, Compliance and Quality Checks
8 Eu Tong Sen Street, #21-84 Office 2, The Central, Singapore 059818
License & regulation
Walletory Pte. Ltd.
Incorporated in Singapore (UEN 201708428K). Licensed by the Monetary Authority of Singapore as a Major Payment Institution under the Payment Services Act 2019, License No. PS20200579. Authorized for account issuance, e-money issuance, domestic and cross-border money transfer, and merchant acquisition.
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