Thousands of Wamo customers will be able to incorporate a UK company in 48 hours

Digital Financial Services Company Wamo Expands Services and Offers Company Incorporation and Shopify Integration

LONDON, November 15, 2022 /PRNewswire/ — Digital banking platform Wamo has started offering its customers the ability to register companies incorporated in the UK through its mobile app and website.

The latest developments in Wamo’s technology offering will enable thousands of individuals and businesses around the world to open UK companies remotely and seamlessly in less than two days.

Additionally, starting this week, Wamo’s new affiliation with global e-commerce mogul Shopify will give users quick access to an end-to-end combo to quickly build, manage, and grow a digital business from one. single location.

Offer is not limited to any geographic jurisdiction.

“We want to help SMEs bank and do business around the world. As a London company, we recognize that everyone should have access to the significant global opportunities that this market brings,” Yanki OnenCEO of Wamo, explained.

The institution raised €1.75 million in a recent funding round and completed more than €350 million in transactions in the first nine months of 2022.

By offering the international community the opportunity to set up a legitimate business in the UK – with a virtual UK office address, if required – in two days, and a price of just £99, Wamo is fulfilling its mission to facilitate the smaller business trade route.

“For any entrepreneur, the starting point for starting a business is setting up a business, closely followed by the need for a business bank account. Both of these traditionally time-consuming and often chargeable procedures can be done with Wamo within minutes and hours (for business account and company registration), and a few days for processing and obtaining a company certificate,” Onen explained.

“We want to make sure it’s possible for anyone, anywhere to start and run a legitimate business almost instantly,” the company’s CEO explained.

The UK is one of the fastest growing global business destinations in the world. In terms of nominal gross domestic product, the UK is the sixth largest national economy in the world. Moreover, with a US$1 trillion market capitalization, the UK technology industry is ranked third after China and the United States.

The entity, in operation since 2021, has surpassed 3,000 customers and is on a steep upward trajectory to continue growing over the next 24 months.

It plans to close the 2022 financial year, with more than 500 million euros in transactions and three times that amount in 2023.

At this point, in its second year of business, Wamo serves customers in 31 countries, hailing from 89 countries.

Recently valued at €19m, the fintech has raised €1.75m to invest in expanding into new markets and growing talent.

Wamo has offices in the UK and the European Union.

80% of the company’s team leaders are women and the institution is fully committed to ESG premises.

It hopes to become the solution of choice for more than 10,000 European SMEs looking for practical and efficient solutions for their daily financial management needs. The company has so far received support from angel and professional investors from Canada, Turkey, Maltaand the UK.

Wamo is on a mission to change the way people think about banking services and raise expectations of what they can expect from a banking service provider. Digital banking is firmly focused on providing personalized and supportive customer service, and providing business owners and potential business owners with the tools best suited to their jobs.



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