Wallbit is an Argentinian fintech founded in 2022, operating as a neobank specifically designed for remote workers across Latin America. It provides users with a comprehensive banking experience in the United States, including a bank account, debit card, investment account, and the ability to send and receive money within the region.
The company stands out by combining the functionalities of a digital bank with investment options in stocks, ETFs, and bonds, offering secure and holistic solutions for remote workers earning in US dollars.
Although initially focused on Argentina, Wallbit has already expanded its presence to Colombia and Mexico, with plans to enter additional countries in the region by 2025, including Brazil, Chile, Uruguay, and Peru.
Wallbit recognized the need for pentesting to ensure the security of its clients' sensitive data, a critical factor for any fintech. Although the company now holds SOC 2 certification, which requires these evaluations, at the time, it had yet to obtain this certification and was striving to implement the highest security standards. During their search, they encountered Strike at an industry event and found their proposal appealing from the outset. Additionally, they appreciated working with a team from Latin America due to its understanding of the regional context, effective communication, and the specific needs of their user base.
Wallbit identified the need to conduct penetration tests to uncover vulnerabilities that might otherwise go unnoticed in their systems. Without an in-house cybersecurity team, the company partnered with Strike as a strategic ally. The involvement of an external agent not only helped identify risks with greater objectivity but also provided insights into advanced security practices aligned with the latest standards. In the fintech sector, where clients entrust their salaries and savings, ensuring high levels of cybersecurity is not optional but a fundamental responsibility.
- Clear and valuable reports
According to Wallbit, the reports provided by Strike were instrumental in sharing critical information with key stakeholders, including international providers such as U.S. banks that often require this type of documentation. The reports stood out for their clarity and level of detail, making them both comprehensive and easy to understand.
- Team’s willingness and support
Wallbit highlighted that during the pentesting process, a few adjustments were necessary. Strike’s ethical hacking team demonstrated excellent responsiveness by providing complementary documentation that simplified the implementation of the required changes.
- Clear and practical feedback
The feedback provided by Strike's ethical hackers was highly detailed and clearly communicated, according to Wallbit. This clarity enabled corrections to be made efficiently and effectively, making the entire process straightforward and successful.
