Yanki Onen, CEO and founder at wamo, is pleased to share a significant update, which is not only positive news for them, but also significant for their customer base.
Yanki Onen revealed that wamo has “secured a $5 million growth-focused investment, and officially obtained their EMI license.”
This funding round, and EMI license, demonstrates their commitment “to providing you with financial solutions that will help your small business thrive.”
Together, they equip the firm 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 growing business needs.”
From the very beginning, their vision has been “to break down SME barriers to growth, and, through prioritizing customer-centric support,” to enhance how businesses access financial services.
wamu sought to make business accounts “more accessible, transparent and inclusive.”
They 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 now, wamo claims that it 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 them even further, with further “integration of additional solutions such as invoicing, accounting and credit, enabling business owners to focus on running their business.”
Securing their Finnish EMI license is another significant achievement “that will enable them to serve you better, adding even deeper levels of security, accelerating capacity to develop new features, and clearing the way for easy European expansion.”
As they set out on this new chapter, they stay steadfast in their “commitment to innovate, to challenge limits and, most important of all, to continue delivering exceptional service and value to customers.”