wamo, a London, UK-based provider of a digital business account for SMEs, raised $5M in funding.
Backers included Logo Ventures, Finberg, and Re-Pie Asset Management.
The company intends to use the funds to expand its team across the UK and EU and deepen its local expertise within key markets.
Led by CEO and Founder Yanki Onen, wamo is a digital business account provider and growth partner for SMEs. The company provides a range of integrated services to customers, including cross-border payments and physical and virtual cards, with plans to expand this further to create a full-suite solution for SMEs.
Wamo, which has raised $11.8m since its inception, also announced an EU Electronic Money Institution (EMI) license from FIN-FSA (Finland’s Financial Supervisory Authority), for accelerated growth across Europe.
FinSMEs
18/07/2024