Bonusukarte has successfully attracted a €500,000 investment and established a strategic partnership with a shareholder of Walletto, a licensed Electronic Money Institution registered in Lithuania. This new agreement formalizes an already productive technological collaboration between the two entities.
The investment will significantly strengthen Bonusukarte’s technological and regulatory capabilities, helping to accelerate its expansion across the Baltic region and into broader European markets. Specifically, the funds will be allocated to enhancing the platform’s functionality by upgrading administrative tools, streamlining integration with clients’ HR and accounting systems, and automating client onboarding, including comprehensive KYC and AML processes.
Additionally, the investment supports Bonusukarte’s plans for team growth and the expansion of its partnership network. As a result, Bonusukarte will intensify its presence and operational capacity in Lithuania, Estonia, Poland, Austria, Germany, and Italy, positioning itself strongly within these key markets.
Romans Baranovs, Director of Walletto, commented: “Bonusukarte offers an innovative and unique solution that enhances an employer’s value and strengthens a company’s reputation. It provides a personalized approach to employee motivation, which is much more flexible than traditional methods. This solution not only improves employee loyalty but also allows employers in many European countries, including Latvia, to save money by using tax breaks to cover employee expenses like meals, transport, or medical care at any time. Our successful collaboration with Bonusukarte on card issuing and the project’s rapid development confirm its sustainability and potential.”
Artūrs Piliksers, the creator of Bonusukarte, noted: “The strategic partnership with Walletto will allow us to develop a modern online onboarding system, making client onboarding and data integration faster and more user-friendly. This is especially crucial for accountants and HR managers who value a simple, digital, and reliable solution for managing employee benefits.”
The collaboration between Bonusukarte and Walletto began in 2024. The solution is currently used by more than 150 companies in Latvia, with over 10,000 bonus cards issued.
About Bonusukarte
Bonusukarte is a tool for employers to plan employee motivation budgets and manage benefits. It allows for the personalized allocation of various benefits, such as compensation for meals, medical care, or transport expenses, using a technically filtered payment card. The solution supports the application of tax breaks in accordance with the regulations of Latvia and other EU countries.