We're e-Residents! And you should be too....
Communication Team
Communication Team

October 11, 2021

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We're e-Residents! And you should be too....

This month wamo became an e-Residency marketplace member. Which is excellent news for us and if you’re an entrepreneurial individual or a small business with big dreams… e-Residency is based in Estonia making it the first ever country to offer government-issued digital identities (e-residencies) and status making it possible to access Estonia’s e-services and transparent business landscape.

What’s the benefit of e-Residency?

“When you join Estonia’s digital nation, you can start a company 100% online, run your EU business remotely and eliminate paper and bureaucracy…”

e-Residency is open to anyone, anywhere in the world who is location-independent and wants to set up and run an EU company. It’s for business owners who want to run a fully digital company in the EU, for entrepreneurs who want access to the EU market, capital and payment solutions, to freelance consultants who want to automate or delegate their invoicing process and to digital nomads who want freedom from needing a fixed location.

It’s a big marketplace

Since it started in 2014 e-Residency has grown quickly - there are 83,074 e-residents and 17,449 companies founded by e-residents. The founders have a bold vision and it has proven to have a big appeal “E-Residency has an ambitious mission to facilitate and advance the provision of Estonia’s unique digital services in order to empower entrepreneurs and transform business practices globally. The programme is a government-wide initiative led by the e-Residency team, the Police and Border Guard Board, and a number of government ministries that are dedicated to constantly improving Estonia's digital infrastructure and business environment.”

wamo in the marketplace, to support you

It’s exciting then to be able to offer smart business banking to the many businesses, freelancers, and other entrepreneurs within the e-Residency marketplace. wamo’s all-in-one financial management platform makes it easier, simpler and faster to stay on top of running a digital business … here’s a little reminder of the services wamo provides:

  • Business banking and payments
  • International payments
  • SEPA payments
  • IBAN provided
  • BIC/Swift
  • Payment gateway
  • Debit/credit/pre-paid card
  • Debit cards
  • Virtual debit cards
  • Multi-currency wallet

For further details and information, pop on over to wamo’s e-Residency page. And to learn more about e-Residency in general, go here.

Please note that an e-Residency digital ID card provides access to e-services, but it is not a valid form of physical identification and can’t be used as a travel document. e-Residency does not confer citizenship, tax residency, physical residency or right of entry to Estonia or the European Union.

See you ‘in Estonia’!

Wamo.Io LTD incorporated and registered in the United Kingdom under the company registration number 12352849 and the operational office of which is at WeWork, 199 Bishopgate, London EC2M 3TY. Wamo.Io LTD (Firm Reference Number 922901) is an EMD agent of PayrNet Ltd which is an Electronic Money Institution authorised by the FCA under the Electronic Money Regulations 2011 (EMR’s) with Firm Reference Number 900594.

Wamo Solutions Ltd is registered under the Laws of Malta with company registration number C97355 and registered office at Dragonara Business Centre, 5th Floor, Dragonara Road, St. Julians STJ 3141, Malta. Wamo Solutions Ltd is an EMD agent of UAB “PAYRNET” which is authorised by the Bank of Lithuania under the Law on Electronic Money and Electronic Money Institutions (authorization code LB001994, license reference 72).

The wamo card is issued pursuant to licence from Visa. UK issuance is conducted by PayrNet Ltd and EU issuance is conducted by UAB PayrNet. wamo operates the wamo.io website and the app. wamo is not a bank, the current account is an e-money account. Issuance of Electronic Money and payment services is provided by PayrNet Limited. The Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. Your funds will be safeguarded in one or more segregated bank accounts with a regulated third party credit institution and not lent out, which gives you protection against insolvency, in accordance with the provisions of the Electronic Money Regulations 2011.

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