Wamo secures £1.3m seed investment to fund expansion and talent growth
The British fintech raised the capital to support new market expansion and team growth.
Wamo provides digital business accounts and integrated financial services tailored for small and medium enterprises. The platform aims to streamline financial management and cross border payments for underserved companies.
British fintech wamo has secured £1.3m in a seed investment round to fund its expansion into new markets and support talent growth. The company serves clients across 31 countries and recently surpassed 2,500 customers after transacting more than €350m in the first nine months of 2022.
Founded in 2021, the business aims to simplify day-to-day banking for small enterprises facing friction with traditional financial institutions. The fresh capital will allow the firm to scale operations further as it targets €500m in transactions by the end of 2022.
From the founder
"Access to a business bank account should be a right, not a privilege, and we are developing serious technology to serve European and UK SMEs to make this right accessible for everyone"
Yanki Onen
CEO at wamo
Use of funds
- 01Expand into international markets
- 02Grow the team