Wamo Raises €10M Series A Funding To Support European SMEs

The round was primarily led by TCEE Fund IV, advised by 3TS Capital Partners, with additional participation from Oleka Capital and existing investors.

Founded in 2021 and based in Helsinki and London, Wamo is a pan-European electronic money institution licensed by the Finnish Financial Supervisory Authority.

The company offers a unified business banking platform that includes multi-currency accounts, cards, invoicing and expense management tools tailored for SMEs.

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Beyond core financial services, Wamo also integrates lending into its platform, leveraging real-time banking and operational data to enable faster, data-driven credit decisions.

Wamo’s platform is currently used by more than 15,000 customers across Europe, with adoption tripling over the past year. Growth has been especially strong in Southern Europe and the Nordics with Italy becoming a major focus market for expansion.

The new funding will support Wamo’s geographic growth enhance its AI-powered features and scale its financial services offering.

The company aims to provide SMEs with accessible financial infrastructure and data driven tools to improve efficiency and support business growth.

Commenting on the development, Yanki Önen, Founder of Wamo, said: 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.

About Wamo

European fintech company Wamo offering a business account for SMEs that combines digital banking convenience with human support. It simplifies banking, finance and administration for small businesses. Licensed in Finland as a pan-European electronic money institution Wamo blends fast digital services with personalised assistance for entrepreneurs.