wamo vs Holvi: which one is better for your business?

2 years ago   •   .4 min read

.By Laine Redpath
.Table of contents

If you're a small business owner, chances are you're always on the lookout for ways to streamline your operations and save time. After all, time is money! That's where cloud-based platforms like wamo and Holvi come in. Both platforms offer digital invoicing, bookkeeping, and expense management tools to help small businesses keep up with their finances. But which one is right for your business? Let's take a closer look at both platforms to find out.

A good business account can help you manage your finances effectively, save money, and improve your company's financial performance.

Holvi is a cloud-based platform that was designed for small businesses, corporates and freelancers to run an international business. The platform specialises in invoicing, managing bookkeeping tasks and expense tracking. Established in 2011, the company was set up in Helsinki and has progressed since then to offer financial services to 35000+ business owners.

On the other hand, wamo is a financial service provider and payments platform launched in the UK and available everywhere that enables anyone with a legitimate business to open a business account. It has recently gained popularity among small business owners and corporates for its competitive prices, customer service and versatile set of financial services, including the ability to create multiple accounts with a both EU and GB IBANs.

Both platforms strive to meet the financial needs of organisations, that otherwise require meticulous and time-consuming processes. Note that, unlike traditional institutions, these platforms are more flexible, give easy access to your financial requirements and provide more features than what traditional entities offer.

So now that you know about the two platforms, it's time we help you decide which one best suits the needs of your business.

Pricing comparison wamo -holvi.jpg

Financial Management

One of the most important factors to consider when choosing a financial management platform is the ease of use. After all, you don't want to spend hours every week struggling to input data or generate reports. Thankfully, both wamo and Holvi are relatively easy to use thanks to their intuitive interfaces. However, wamo's interface is slightly more user-friendly than Holvi's, so if you're not particularly tech-savvy, wamo is a good option.

What is a business bank account with sub-accounts?
Visit our blog for more information about why your business needs sub-accounts and how to easily track business expenses.. Discover more with wamo.


Another important factor to consider is price. Both wamo and Holvi offer subscription plans and an almost similar set of features. wamo’s most popular Grow plan starts from €49.99 and Holvi charges €12 /month. So in terms of monthly charges, Holvi is ahead. However, it is also important to note the frequency of your local transfers when it comes to picking a plan. Holvi only allows its users to make 500 SEPA transfers for free and charges an additional fee of €0.25/transaction on every additional transfer. On the other hand, wamo’s plan has unlimited free SEPA transfers. If your business requires a higher volume of international transfers, wamo would be a better option for you.


Both plans come with their own versatile physical and virtual business cards. With these cards, you can track your spending, set card limits and use unique card numbers for your transactions. With Holvi, you can create a maximum of 3 virtual cards and pay a fee of €3 on every additional card you want to issue. wamo on the other hand offers unlimited virtual and physical cards. When it comes to organisations with a lot of employees and vendors, wamo's plan might be a better option. Holvi, however, can save you money if you are a smaller or micro business.

What are the pros and cons of using a virtual debit card?
If you want to create a virtual debit card for your business, you can create an online virtual debit card instantly with wamo.

ATM Withdrawals

In terms of currency conversion rates, international transfers and ATM withdrawals, both platforms come with their own competitive fees and rates. It is best to compare as per your business requirements and size of your business. Additionally, both these platforms are backed up by strong security process and assures to your secure your money and transactions like any other traditional institution.

Those businesses with residency planning to open a business account in the country, wamo and Holvi are both excellent options. But for an international business owner, it could be a little extra effort to find an ideal bank or financial services provider that enables you to open account due to their stringent process and long-list requirements. In such cases, wamo gives you more flexibility and serves as a great alternative.

Even though wamo's Grow subscription is more expensive, you get almost everything else for free. If your business is small, Holvi's plan may seem like a wise pick for you, but if you are someone with a growing or large business that works on a dynamic business model, Grow plan is the way to go!


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