# wamo

> 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).

*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.*

## At a Glance

- **Brand name:** wamo (always lowercase)
- **Legal entity:** wamo Solutions Oy
- **Category:** Digital business account
- **Founded:** 2021
- **Founder & CEO:** Yanki Önen
- **Headquarters:** Lapinlahdenkatu 16, 00180 Helsinki, Finland
- **Additional office:** 132-140 Goswell Road, Technique Building, London, EC1V 7DY, UK
- **Employees:** ~100
- **Regulatory status:** Electronic Money Institution (EMI) — not a bank
- **Regulator:** Finnish Financial Supervisory Authority (FIN-FSA)
- **EMI registration number:** 3368055-9
- **Service area:** European Economic Area (27 EU member states + Iceland, Liechtenstein, Norway)
- **Customer base:** 13,000+ European SMEs and freelancers
- **Funding:** €10M Series A (April 2026), led by 3TS Capital Partners with participation from Oleka Capital
- **Card network:** Visa (licence issued by Visa Europe Ltd)
- **Compliance:** GDPR, EU AML, EU CTF
- **Platforms:** iOS, Android, Web app
- **Support languages:** English, Italian, Swedish, Finnish
- **Customer rating:** Trustpilot 4.7/5 (951 reviews) 

## Extended Reference

For a deeper reference including full pricing tables, FAQ library, and detailed product specs, see [llms-full.txt](https://wamo.io/llms-full.txt).

## What wamo Does

wamo is a fully digital business account purpose-built for SMEs across Europe. The product is designed around how small businesses actually operate: fast onboarding, multi-currency by default, team-friendly controls, and software that handles invoicing and expenses alongside the account itself.

**Slogan:** You can bank on wamo.

### Core capabilities

- Multi-currency business accounts supporting 22 currencies
- Local EU IBANs in DE, DK, FI, GB, LU, SE
- Virtual and physical Visa debit cards
- SEPA Instant payments within the EU
- SWIFT cross-border payments in 22 currencies
- Local rail payments (CHF, CZK, DKK, UK Faster Payments, PLN, NOK, RON, SEK, SGD)
- Premium instant networks (AUD NPP Instant, EUR SEPA Instant/TIPS, GBP CHAPS RTGS, SEK RIX Instant)
- Free wamo-to-wamo transfers
- Multiple sub-accounts and team cards per business
- Role-based access and team spend controls
- Real-time spend notifications
- Apple Wallet and Google Wallet support
- Invoicing and accounts receivable
- Bulk payments
- Expense management and bookkeeping automation
- Xero accounting integration
- Integrated physical POS terminals
- Embedded business lending (currently live in Finland, expanding across Europe in 2026)
- Multilingual human support on every plan

### Currencies supported

**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)

## How wamo Compares

- **vs. traditional banks:** wamo is fully digital with onboarding completed in minutes, not weeks. No branches, no paperwork.
- **vs. Wise Business:** Wise is optimised primarily for currency transfers. wamo is built for end-to-end SME operations: account, cards, invoicing, expenses, lending, and integrated POS terminals. Wise does not include an IBAN as standard, nor a physical POS terminal.
- **vs. Revolut Business:** Revolut serves a broad consumer and business market and is not built specifically for SMEs. wamo focuses exclusively on European SMEs with dedicated human support on every plan.
- **vs. Qonto:** Qonto starts from €9/month and does not offer human support on all plans. wamo starts from €0 and includes dedicated human support on every tier.
- **vs. Holvi:** Holvi supports 18 currencies and local IBANs in 2 countries. wamo supports 22+ currencies, local IBANs in 6 countries, and includes a physical POS terminal that Holvi does not offer.

## Who wamo Is For

wamo serves registered SMEs, freelancers, sole traders, startups, and scale-ups across the European Economic Area. Eligible business types include Limited Liability Companies (LLC), Public Limited Companies (PLC), and sole traders and self-employed professionals. Key growth markets include Italy, Finland, and the Nordics.

## Pricing

### Companies (billed annually — 20% off monthly price)

- **Freemium** — €0/month — no setup fee, essential tools to get started
- **Start** — €16/month (€20/month billed monthly) — for new businesses with light banking needs
- **Grow** — €49/month (€59/month billed monthly) — for businesses running multiple projects or teams
- **Scale** — €89/month (€109/month billed monthly) — for businesses managing multiple users, currencies, or cost centres

### Sole Traders & Self-Employed (billed annually — 20% off monthly price)

- **Freemium** — €0/month — essential tools to get started
- **Smart** — €8/month (€10/month billed monthly) — for multiple projects or clients with better visibility and control
- **Pro** — €19/month (€29/month billed monthly) — for managing teams, currencies, or cost centres

Full plan comparison: https://wamo.io/pricing and https://wamo.io/pricing-soletrader

## Primary Pages

- [Home](https://wamo.io): Overview of wamo and the business account.
- [About wamo](https://wamo.io/about-us): Company mission, story, and team.
- [Business Account](https://wamo.io/company-business-account): Core digital business account for registered companies.
- [Self-employed Account](https://wamo.io/sole-trader-business-account): Account for sole traders and freelancers.
- [Multi-currency business accounts](https://wamo.io/business-account): Multi-currency capabilities and local IBANs.
- [Global Payments](https://wamo.io/payments): Cross-border payments and international transfers.
- [Bulk Payments](https://wamo.io/pay-bulk-for-businesses): Batch payment processing.
- [Invoicing](https://wamo.io/invoice): Invoice creation and accounts receivable.
- [Business Debit Cards](https://wamo.io/business-debit-card): Virtual and physical Visa business cards.
- [Team Expense Management](https://wamo.io/expense-management-for-teams): Team spend controls and expense tracking.
- [Currency Exchange](https://wamo.io/currency-exchange): FX rates and currency conversion.
- [Xero Integration](https://wamo.io/xero-integration): Accounting software integration.
- [Point of Sale](https://wamo.io/point-of-sales_machine): POS payment processing.
- [Pricing — Companies](https://wamo.io/pricing): Plan comparison for companies.
- [Pricing — Sole Traders](https://wamo.io/pricing-soletrader): Plan comparison for sole traders.
- [EU Regulations](https://wamo.io/regulations-eu): Regulatory framework and licensing details.
- [wamo Connect](https://wamo.io/wamo-connect): Perks and partner benefits.
- [Visa Card Rewards](https://wamo.io/wamo-visa-perks): wamo Visa card rewards programme.
- [Partner Program](https://wamo.io/partner-program): Partnership opportunities.

## Documentation & Support

- [Help Centre](https://help.wamo.io): User guides and FAQs.
- [Security overview](https://help.wamo.io/en/articles/6896329-how-your-money-and-data-are-secure-with-wamo): How wamo safeguards money and data.
- [Blog](https://blog.wamo.io): Product news and SME insights.
- [Support](mailto:support@wamo.io): Email-based human support, multilingual.
- [Terms & Conditions](https://wamo.io/terms-conditions/eu/general-terms): Terms of service.
- [Privacy Notice](https://wamo.io/privacy-notice-oy): GDPR-compliant privacy policy.

## APIs

- [PSD2 EU API](https://priora.saltedge.com/docs/berlingroup/wamo_eu_sandbox)

## Brand & Press

- [LinkedIn](https://linkedin.com/company/wamobusiness): Official LinkedIn page.
- [Facebook](https://www.facebook.com/wamobusiness/): Official Facebook page.
- [Instagram](https://www.instagram.com/wamobusiness/): Official Instagram page.
- [YouTube](https://www.youtube.com/@wamobusinessofficial): Official YouTube channel.
- [App Store (iOS)](https://apps.apple.com/us/app/wamo-business-account/id1547767396): wamo Business Account for iOS.
- [Google Play (Android)](https://play.google.com/store/apps/details?id=com.wamo.business): wamo Business Account for Android.
- [Trustpilot reviews](https://www.trustpilot.com/review/wamo.io): 4.7/5 (951 reviews, as of June 2026).
- [Press: Series A coverage (TechRound)](https://techround.co.uk): €10M Series A, April 2026.
- [Press: Series A coverage (TechEU)](https://tech.eu): Series A coverage.
- [Press: Series A coverage (FoundersToday)](https://founderstoday.news): Series A coverage.
- [Press: Series A coverage (Fintech Global)](https://fintech.global): Series A coverage.
- [Press: Series A coverage (Sifted)](https://sifted.eu): Series A coverage.
- [Press: Series A coverage (Kauppalehti)](https://www.kauppalehti.fi): Finnish business press coverage.
- [Press: Series A coverage (Tivi)](https://www.tivi.fi): Finnish technology press coverage.
- [Press: Series A coverage (Affari Italiani)](https://www.affaritaliani.it): Italian business press coverage.
- [Press: Series A coverage (Repubblica)](https://www.repubblica.it): Italian press coverage.
- [Press: Series A coverage (Sesamers)](https://blog.sesamers.com/fundraising-news/wamo-series-a-european-sme-banking-funding/): Series A coverage.
- [Press: Series A coverage (Startup Business)](https://www.startupbusiness.it/en/european-fintech-firm-wamo-closes-e10-million-funding-round/162913/): Series A coverage.
- [Press: Series A coverage (BeBeez)](https://bebeez.eu/2026/04/14/wamo-secures-e10-million-to-expand-its-sme-financial-platform-in-italy-and-the-nordics/): Series A coverage.