Wamo secures £8.6m Series A funding from TCEE Fund IV and Oleka to scale European operations
The financing round was led by TCEE Fund IV to support regional expansion and product development.
Wamo provides a digital financial operating platform tailored for small and medium-sized enterprises across Europe. The company combines multi-currency accounts, invoicing, and embedded lending tools into a single interface.
Wamo has secured £8.6m in Series A funding to accelerate its expansion across European markets, particularly in Italy and the Nordics. The financing round was led by TCEE Fund IV, advised by 3TS Capital Partners, with additional participation from Oleka Capital and existing backers.
The newly raised capital will be deployed to enhance product capabilities, roll out AI-driven tools, and scale embedded lending services. Wamo intends to use data-driven underwriting to provide growth financing to businesses throughout Europe over the coming months.
From the founder
"European SMEs need smarter infrastructure, not just digital banking. We are integrating AI and automation across our platform to reduce friction, unlock better insights and give businesses clearer control over their finances. Our AI-native solutions are designed to be invisible, helping customers seamlessly without friction. More than 15,000 European SMEs already bank on Wamo, and we are now on a fast track to deliver a hyper-personalised experience to many more. We want to reach 100,000 customers, and make every single Wamo experience unique and specific to each of them."
Yanki Önen
Founder at Wamo
Investor perspective
"SME banking in Europe is still largely broken and the opportunity for a genuinely integrated platform is enormous. Wamo is one of the most focused teams we’ve seen tackling this problem, and their early traction in Italy and Finland validates the model. Having backed fintech leaders across the continent for over 20 years, we know what it takes to scale – and Wamo has the right foundation to become the defining SME financial platform in Europe."
Pekka Mäki
Managing Partner, 3TS Capital Partners
Use of funds
- 01Continue product development
- 02Expand into international markets
