wamo hits major milestones: $5 million investment & EMI license obtained

5 months ago   •   .2 min read

.By Yanki Onen
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wamo customers, partners, friends, employees and founders - I’m thrilled to share a significant update today, which is not only hugely positive news for us, but also significant to you, our deeply appreciated customer base.

Thanks to your incredible support and loyalty, wamo has secured a $5 million USD growth-focused investment, and officially obtained our EMI license. I couldn’t be more proud of everything we’ve accomplished together.

This successful funding round, and EMI license, demonstrates our commitment to providing you with cutting-edge financial solutions that will help your small business thrive. Together, they equip us with the license and tools to develop even more innovative fintech products and support more customers in more markets with greater speed and efficiency, ready to meet your growing business needs.

From the very beginning, our vision has been to break down SME barriers to growth, and, through prioritizing customer-centric support, to revolutionize how businesses access financial services. We sought to make business accounts more accessible, transparent and inclusive. We saw the untapped potential to leverage emerging technology to innovate and improve the banking experience, and set out to create an agile platform that could continue evolving and leverage these advancements to unlock new opportunities for your business.

So today, wamo is at the forefront of fintech, providing a comprehensive suite of products and services to streamline ops, enhance efficiency and help you to scale. This funding round is going to take us even further, with further integration of additional solutions such as invoicing, accounting and credit, enabling business owners to focus on running their business.

Securing our Finnish EMI license is another significant achievement that will enable us to serve you better, adding even deeper levels of security, accelerating our capacity to develop new features, and clearing the way for easy European expansion. This license, combined with our new funding, demonstrates confidence in our customer-centric vision. 

But this is just the beginning. As we set out on this new chapter, we stay steadfast in our commitment to innovate, to challenge limits and, most important of all, to continue delivering exceptional service and value to you, our fantastic customers. 

I want to extend my sincere gratitude to each and every one of you - our customers, partners and supporters. Your trust and loyalty have been the driving forces behind our success, and we’ll always be grateful for you.

Together, we’ll continue to build towards a future where financial services are accessible to all, transparent at every stage, and equipped to empower businesses to prosper. The best is yet to come, and I can’t wait to see what we’re going to achieve together.

Here’s to you, wamo.

Yanki Onen

CEO & wamo founder

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