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Payments General

Holvi expansion targets micro businesses in five new European markets

Monday 20 May 2019 | 02:14 PM CET

BBVA-backed startup Holvi will expand its offering to micro businesses in Ireland, Italy, Belgium, France and the Netherlands.

Claiming to provide small business banking services for “everyday entrepreneurs”, the Finnish company has experienced significant growth, particularly since its acquisition by global bank BBVA in 2016.

Holvi has been providing business banking in Germany, Austria and Finland for over three years and has seen year-on-year growth of 60% from 2017 to 2018.

Holvi caters for customers such as freelancers, small family-run businesses and gig economy workers, through a combination of banking, a Mastercard and smart digital business tools.

The company is authorised to operate across the European Economic Area (EEA) under the Payment Services Directive by the Finnish Financial Supervisory Authority (FSA).

More: Link
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