Status: Active
Sector: Fintech
Industry: Digital Banking, Mobile Payments, Small and Medium Enterprise (SME) Finance
Summary: Wamo aims to make financial management easier and more accessible for SMEs by providing digital banking and payment solutions beyond traditional banking services.
Company Overview:
Wamo is a fintech startup that offers digital banking and payment services specifically designed for small and medium-sized enterprises (SMEs). The company aims to simplify the financial management processes of businesses by providing user-friendly and fast financial services. Wamo offers quick and reliable payment transactions, account management, and financial analysis services. By helping users optimize their financial processes, Wamo provides innovative solutions beyond traditional banking services.
Business Model:
Wamo utilizes subscription-based and transaction-based revenue models. Customers can choose from various monthly or yearly subscription packages to access the platform’s services. Additionally, a commission is charged for transaction, generating additional revenue. Wamo offers different pricing plans for the services provided to businesses.
Product & Services:
- Digital Account Management: Users can make money transfers, manage payments, and monitor their financial status through digital accounts.
- Payment Processing: Wamo offers fast and reliable payment processing, enabling businesses to easily accept customer payments.locally and internationally.
- Financial Analysis: The platform helps users analyze their financial status and reporting. It provides financial tools such as income-expenditure tracking, budget management, and cash flow analysis.
Key People:
Yanki Onen: Founder and CEO
Investment & Growth Information:
In its latest investment round, Wamo received 5 million dollars from Edenbase, Logo Ventures, Finberg and Re-Pie Asset Management. With this investment, the total investment amount reached 11.8 million dollars. The company plans to use this investment to accelerate its growth in Europe and develop new products.