Small businesses serve as the lifeblood of economies worldwide, driving employment, innovation, and overall economic prosperity. As a leader in FinTech with a focus on SMEs, my mission is to bridge the gap between cutting-edge technology and the financial needs of these dynamic enterprises. While the symbiotic relationship between FinTechs and SMEs remains vital, I am dedicated to maximizing our impact.
At wamo, we specialize in providing comprehensive, cost-efficient, and secure financial solutions tailored explicitly to meet the unique needs of SMEs. Our approach seamlessly integrates cutting-edge technology with personalized, human-centric support to empower businesses.
Small and Medium-sized Enterprises (SMEs) are the backbone of Europe and the UK. Recognized by the EU as "the backbone of Europe's economy," SMEs are crucial for competitiveness, prosperity, and resilience against external shocks. Within the EU alone, they sustain over 100 million jobs, underscoring their indispensable role. In the UK, SMEs contribute over £2 trillion in turnover and employ 44% of the workforce.
wamo, as a FinTech startup, embodies the essence of an SME. Our dynamic team of over 30 members hails from diverse global locations, fostering an environment of cultural and professional diversity that fuels our innovative spirit and global perspective.
At wamo, our engineering team spearheads cutting-edge projects, from cloud-based AWS services infrastructure to mobile and web application development, aimed at streamlining and enhancing our financial services. Crucially, Each engineer supports the financial operations and product needs of 250 businesses daily, spanning 28 countries. Our aim is to serve 800 companies with each engineer in our teams.
With wamo, businesses gain access to a suite of essential financial services, including limitless accounts in just 10 minutes, EUR and GBP IBANs, local and international payments, physical and virtual cards, financial planning, all safeguarded in licensed bank accounts. Moreover, we've recently launched bulk payments and are developing smart lending products to support companies' cash flows.
As a co-founder of an SME-focused FinTech, my commitment lies in empowering small businesses. Through technology, we unlock growth, promote financial inclusion, and nurture an ecosystem where SMEs flourish.
Behind every successful SME stands a FinTech solution, and at wamo, we aspire to be the financial platform supporting tens of thousands of businesses in 2024. Let's build the SME economy together.
