VallettaPay

History and Background

VallettaPay Ltd was founded in 2016 in Liverpool, United Kingdom, by David Zammit and Colin Jones, two childhood friends with a vision to streamline international payments for online businesses. The company began as a card processing specialist but quickly identified a market gap in multi‑currency account management. Within a few years, VallettaPay pivoted to offering dedicated International Bank Account Numbers (IBANs) in multiple currencies, enabling clients to consolidate global receivables and payables into a single account. The founders’ background in payments and their understanding of the iGaming and e‑commerce sectors shaped the company’s product roadmap.

Products and Solutions

VallettaPay’s flagship product is its multi‑currency IBAN service. Clients receive unique IBANs in EUR, GBP, USD, and other major currencies, allowing them to invoice and collect payments in local currencies from customers worldwide. The company’s proprietary online portal provides real‑time visibility into balances and transactions, along with automated reconciliation tools. Complementing this, VallettaPay offers online payment processing – a full gateway for accepting card and alternative payments – and corporate Visa debit cards that give clients instant access to funds for operational expenses. Foreign exchange services complete the ecosystem, offering competitive rates and risk management for businesses that regularly convert currencies.

Target Market and Use Case

VallettaPay primarily serves multinational corporations, online merchants, and high‑net‑worth individuals who operate in multiple currencies and require a flexible, modern alternative to traditional banking. The company has a strong presence in the iGaming and gambling industry, as evidenced by its coverage in GamblingInsider. Its solutions are designed to reduce the administrative burden of managing separate bank accounts per country and to cut foreign exchange costs through competitive rates and a single‑provider relationship.

Leadership and Team

The company’s leadership is lean. David Zammit serves as Co‑Founder, CEO, and Owner, driving strategic direction and client relationships. Colin Jones is Co‑Founder, likely involved in operational and product development. Audrey Vilain holds the role of Chief Operations Officer (COO), overseeing day‑to‑day operations, compliance, and client onboarding. No Chief Technology Officer or Chief Commercial Officer was identified publicly; technical and commercial functions may be handled by the founders or outsourced.

Financials and Growth

VallettaPay is privately held and does not publicly disclose revenue or funding details. The company has remained independent, focusing on organic growth and client acquisition within its niche. Its lean team structure suggests a boutique, high‑touch service model rather than a mass‑market platform. The company’s continued presence in industry publications and its active LinkedIn profile indicate steady operations and a growing client base, particularly in the regulated iGaming sector.