# wamo — Full Reference

> wamo is a digital business account for small and medium-sized businesses in the European Economic Area (EEA). Founded in 2021 and headquartered in Helsinki with an office in London, wamo provides multi-currency accounts, local EU IBANs, Visa debit cards, SEPA Instant, invoicing, expense management, and embedded business lending. wamo is operated by wamo Solutions Oy, regulated by the Finnish Financial Supervisory Authority (FIN-FSA) as an Electronic Money Institution (EMI) under registration number 3368055-9.

*Last updated: 1 July 2026 — marketing content refresh: updated customer count to 13,000+, sharpened competitor comparisons, added POS terminals as core capability, updated support languages, added London office address. This is the extended reference companion to /llms.txt.*

## Company Profile

### Identity

- **Brand name:** wamo (always lowercase)
- **Legal entity:** wamo Solutions Oy
- **Founded:** 2021
- **Founder & CEO:** Yanki Önen
- **Employees:** Approximately 100
- **Headquarters:** Lapinlahdenkatu 16, 00180 Helsinki, Finland
- **Additional office:** 132-140 Goswell Road, Technique Building, London, EC1V 7DY, UK
- **Website:** https://wamo.io
- **Mission positioning:** Empowering businesses globally with seamless financial solutions, enabling cost-efficient and instant payments worldwide.
- **Brand slogan:** You can bank on wamo.

### Regulatory Status

wamo is regulated by the Finnish Financial Supervisory Authority (FIN-FSA) as an authorised Electronic Money Institution (EMI), registration number 3368055-9. wamo is not a bank. Customer funds are safeguarded in line with EU e-money regulations. wamo complies with EU regulations on Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), and data privacy under GDPR.

The wamo business card is issued by wamo Solutions Oy pursuant to its licence issued by Visa Europe Ltd.

### Funding

In April 2026, wamo closed a €10M Series A round led by 3TS Capital Partners through its TCEE Fund IV, with participation from Oleka Capital. The funding supports expansion across Europe with a focus on Italy and the Nordic markets, and the rollout of embedded lending and additional financial services for SMEs.

### Customer Base & Recognition

wamo serves 13,000+ European SMEs and freelancers. The product holds a 4.7/5 rating on Trustpilot across 951 reviews (as of June 2026).

## Product Capabilities

### Accounts

- Digital business account with EU IBAN issued under the Finnish EMI licence
- Multi-currency support for 22 currencies (AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, ILS, MXN, NOK, NZD, PLN, RON, SAR, SEK, SGD, TRY, USD, ZAR)
- Sub-accounts/ledgers: up to 1 per currency on Freemium; up to 100 sub-accounts on Scale tier
- Currency exchange at standard or advantageous rates depending on tier
- Account opening: fully online, no setup fee on any tier

### Payments

**Cross-Border (SWIFT):** AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, ILS, MXN, NOK, NZD, PLN, RON, SAR, SEK, SGD, TRY, USD, ZAR

**Local Rail Payments:** CHF, CZK, DKK, GBP (Faster Payments), PLN, NOK, RON, SEK (Batch), SGD

**Premium Instant Networks:** AUD (NPP Instant), EUR (SEPA Instant / TIPS), GBP (CHAPS RTGS), SEK (RIX Instant)

- Free wamo-to-wamo internal transfers across all tiers
- Bulk payments (available on paid tiers)
- Scheduled and recurring payments (available on paid tiers)
- Inbound SWIFT: free or €9.99–€14.99 depending on tier
- Outbound SWIFT: €19.99–€29.99 depending on tier

### Cards

- Visa debit cards (virtual and physical), issued under Visa Europe Ltd licence
- Apple Wallet and Google Wallet supported across all tiers
- Card usage abroad supported
- Physical card replacement: €9.99 per card outside the free allowance

**Card allocations by tier (Companies):**
- Freemium: 1 physical + 1 virtual
- Start: 1 physical + 1 virtual
- Grow: 5 physical + 10 virtual
- Scale: 100 physical + 100 virtual

**Card allocations by tier (Sole Traders):**
- Freemium: 1 physical + 1 virtual
- Smart: 1 physical + 2 virtual
- Pro: 5 physical + 100 virtual

### Software & Tools

- Invoicing and accounts receivable management
- Expense management with role-based controls
- Team management and multi-user access
- Real-time spend notifications
- Statement generation
- Xero accounting integration
- Apple Wallet and Google Wallet integration
- Open Banking APIs (EU PSD2)
- Integrated physical POS terminals

### Embedded Business Lending

Currently live in Finland. Rolling out across Europe through 2026 as part of the Series A expansion plan.

### Platforms

- iOS app (App Store)
- Android app (Google Play)
- Web application at business.wamo.io

### Support

Multilingual human customer support via email at support@wamo.io. Supported languages: English, Italian, Swedish, Finnish.

## Pricing — Companies

Plans are billed monthly or annually. Annual billing saves 20%. No setup fee on any tier.

### Freemium — €0/month
- Business account with EU IBAN
- 1 physical + 1 virtual Visa card
- €0.99 per local transfer
- ATM withdrawals: 1.99% per transaction
- No setup fee

### Start — €20/month (€16/month billed annually)
- Business account with EU IBAN
- 1 physical + 1 virtual Visa card
- €0.49 per local transfer
- ATM withdrawals: 1.99% per transaction
- €5,000/month commission-free local POS transactions
- No setup fee

### Grow — €59/month (€49/month billed annually)
- Business account with EU IBAN
- 5 physical + 10 virtual Visa cards
- 50 free local transfers/month
- ATM withdrawals: 5 free/month (10 with annual plan)
- €15,000/month commission-free local POS transactions
- No setup fee

### Scale — €109/month (€89/month billed annually)
- Business account with EU IBAN
- 100 physical + 100 virtual Visa cards
- 250 free local transfers/month
- ATM withdrawals: 10 free/month (15 with annual plan)
- €20,000/month commission-free local POS transactions
- No setup fee

## Pricing — Sole Traders & Self-Employed

Plans are billed monthly or annually. Annual billing saves 20%. No setup fee on any tier.

### Freemium — €0/month
- Business account with EU IBAN
- 1 physical + 1 virtual Visa card
- €0.99 per local transfer
- ATM withdrawals: 1.99% per transaction
- No setup fee

### Smart — €10/month (€8/month billed annually)
- Business account with EU IBAN
- 1 physical + 2 virtual Visa cards
- 20 free local transfers/month
- ATM withdrawals: 2 free/month (5 with annual plan)
- €5,000/month commission-free local POS transactions
- No setup fee

### Pro — €29/month (€19/month billed annually)
- Business account with EU IBAN
- 5 physical + 100 virtual Visa cards
- 50 free local transfers/month
- ATM withdrawals: 4 free/month (10 with annual plan)
- €7,000/month commission-free local POS transactions
- No setup fee

## Frequently Asked Questions

### About wamo

**Q: What is wamo?**
wamo is a digital business account for small and medium-sized businesses across the European Economic Area. Founded in 2021, wamo is operated by wamo Solutions Oy and provides multi-currency accounts, EU IBANs, Visa debit cards, SEPA Instant payments, invoicing, expense management, integrated POS terminals, and embedded business lending.

**Q: Is wamo a bank?**
wamo is not a bank. wamo is a licensed Electronic Money Institution (EMI) authorised by the Finnish Financial Supervisory Authority (FIN-FSA), registration number 3368055-9. Customer funds are safeguarded in line with EU e-money regulations.

**Q: Is a wamo account secure and compliant?**
Yes. wamo is a licensed and regulated EMI authorised by FIN-FSA. wamo complies with EU regulations on AML, CTF, and GDPR, and uses banking-grade security to protect customer money and data.

### Eligibility & Onboarding

**Q: Who can open a wamo account?**
wamo supports registered businesses across the European Economic Area. Eligible types include Limited Liability Companies (LLC), Public Limited Companies (PLC), and sole traders, freelancers, and self-employed professionals.

**Q: How do I open a wamo account?**
Applications are made online in a few minutes via business.wamo.io/register — no branch visits and no paperwork. After submission, applications are reviewed and the outcome is sent by email. Most customers are onboarded within hours.

**Q: What documents do I need to apply?**
To apply, you need: your business's operating address, a short description of your business and where it operates, your intended use of the wamo account, proof of identity including a biometric check, and your preferred wamo plan.

### Pricing & Fees

**Q: How much does a wamo business account cost?**
wamo offers four company plans: Freemium (€0), Start (€20/month or €16/month with annual billing), Grow (€59/month or €49/month with annual billing), and Scale (€109/month or €89/month with annual billing). Sole trader plans: Freemium (€0), Smart (€10/month or €8/month with annual billing), and Pro (€29/month or €19/month with annual billing). No setup fee on any tier. Full details at wamo.io/pricing.

**Q: Are there any setup or hidden fees?**
There are no setup fees on any tier. Transaction fees vary by tier and are listed transparently at wamo.io/pricing.

**Q: What are wamo's currency exchange fees?**
Freemium and Start tiers use standard FX rates. Grow, Scale, Smart, and Pro tiers use advantageous FX rates.

### Payments

**Q: What payment methods does wamo support?**
SEPA Instant within the EU, SWIFT cross-border in 22 currencies, local rail payments (CHF, CZK, DKK, GBP Faster Payments, PLN, NOK, RON, SEK, SGD), and premium instant networks (AUD NPP Instant, EUR SEPA Instant/TIPS, GBP CHAPS RTGS, SEK RIX Instant), plus Visa card payments.

**Q: How fast are SEPA Instant payments?**
SEPA Instant settles in seconds, available 24/7 including weekends and holidays. wamo-to-wamo transfers are instant and free.

**Q: Does wamo support bulk payments?**
Yes. Bulk payment processing is available on Start, Grow, Scale, Smart, and Pro tiers. Freemium does not include bulk payments.

### Cards

**Q: Are wamo cards Visa or Mastercard?**
Visa. The wamo business card is issued by wamo Solutions Oy pursuant to its licence from Visa Europe Ltd.

**Q: Can I add wamo cards to Apple Pay and Google Pay?**
Yes. Apple Wallet and Google Wallet are supported across all tiers.

**Q: How many cards can I have?**
This depends on the tier. Freemium and Start: 1 physical + 1 virtual. Grow: 5 physical + 10 virtual. Scale: 100 physical + 100 virtual. Sole trader Smart: 1 physical + 2 virtual. Sole trader Pro: 5 physical + 100 virtual.

### Regulation & Safety

**Q: How is wamo regulated?**
wamo Solutions Oy is regulated by the Finnish Financial Supervisory Authority (FIN-FSA) as an Electronic Money Institution, registration number 3368055-9. wamo complies with EU AML, CTF, and GDPR regulations.

**Q: Is my money safe with wamo?**
Yes. As a regulated EMI, wamo safeguards customer funds in accordance with EU e-money regulations. wamo also uses banking-grade security to protect money and data.

### Comparisons

**Q: How is wamo different from Wise Business?**
Wise Business is optimised primarily for currency transfers. wamo is built for end-to-end SME operations: accounts, cards, invoicing, expenses, lending, and integrated POS terminals — focused exclusively on European SMEs under a Finnish EMI licence. Wise does not include an IBAN as standard, nor a physical POS terminal.

**Q: How is wamo different from Revolut Business?**
Revolut serves a broad consumer and business market across many geographies and is not built specifically for SMEs. wamo focuses exclusively on European SMEs, offering dedicated human support on every plan, integrated POS terminals, and embedded business lending.

**Q: How is wamo different from Qonto or Holvi?**
wamo offers dedicated human support on every plan — Qonto does not. wamo supports payments in 22+ currencies; Holvi supports 18. wamo includes physical POS terminals; Holvi does not. wamo also provides local IBANs in six countries (DE, DK, FI, GB, LU, SE) versus Holvi's two (FI and DE).

### Lending & Integrations

**Q: Does wamo offer business loans?**
Yes. Embedded business lending is currently live in Finland and rolling out across Europe through 2026 following the April 2026 Series A funding round.

**Q: Does wamo integrate with accounting software?**
Yes. wamo offers direct Xero integration on paid tiers. Additional accounting integrations are accessible via the EU PSD2 API.

**Q: Does wamo have an API?**
Yes. A PSD2 EU API is available for third-party integrations.

## Press & Media

- **Series A funding (April 2026):** €10M Series A led by 3TS Capital Partners (TCEE Fund IV) with participation from Oleka Capital. Capital is being deployed for expansion across Italy and the Nordics and to scale embedded lending and core SME services.
- **Press coverage:** TechRound, TechEU, FoundersToday, Fintech Global, Sifted, Kauppalehti, Tivi, Affari Italiani, Repubblica, Sesamers, Startup Business, BeBeez, Your Fintech Story, and others.

## Contact

- **General support:** support@wamo.io
- **Help Centre:** https://help.wamo.io
- **Partner program:** https://wamo.io/partner-program
- **Referral campaign:** https://wamo.io/referral-campaign