Wamo has raised €10 million in a Series A funding round to accelerate its growth across Europe, with a focus on expanding into Italy and the Nordic markets while advancing its AI-driven financial tools.
The round was led by 3TS Capital Partners through its TCEE Fund IV, with participation from Oleka Capital and existing investors.
Building A Unified Financial Platform For SMEs
Wamo is developing an all-in-one financial operating system tailored for small and medium-sized businesses across Europe. Licensed by the Finnish Financial Supervisory Authority, the platform combines multi-currency business accounts with integrated tools such as payments, cards, invoicing, and expense management.
The company currently serves more than 15,000 businesses, with usage tripling over the past year. Growth has been particularly strong in Southern Europe and the Nordics, with Italy emerging as a key market.
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Expanding Lending Through Data-Driven Insights
Access to financing remains a major challenge for SMEs, and Wamo is addressing this by embedding lending directly into its platform.
By leveraging real-time financial and operational data, the company enables faster and more accurate credit decisions. After launching its lending product in Finland, Wamo plans to roll out financing solutions across Europe in 2026 through strategic partnerships, targeting €100 million in lending volume within the next year.
Founder and CEO Yanki Önen emphasised that SMEs require more than just digital banking, highlighting the company’s focus on integrating AI and automation to simplify financial management and deliver personalised insights.
Scaling AI-Powered Financial Infrastructure
With the new funding, Wamo aims to enhance its product capabilities and introduce more AI-native features across its platform. These tools are designed to operate seamlessly in the background, reducing friction and improving financial visibility for business owners.
The company is targeting rapid growth, with ambitions to scale its customer base to 100,000 SMEs across Europe while delivering highly tailored financial experiences.
Investor Confidence In SME Fintech Opportunity
Investors see significant potential in modernising SME banking across Europe, a sector still characterised by fragmentation and outdated systems.
Pekka Mäki highlighted the scale of the opportunity, noting that Wamo’s traction in markets like Italy and Finland demonstrates strong product-market fit.
Similarly, Ilker Sözdinler pointed to the company’s combination of automation and customer-centric design as a key differentiator in capturing market share.
About Wamo
Wamo is a European fintech company founded in 2021, with headquarters in London and Helsinki. The company provides an integrated financial platform designed to simplify banking, payments, and administrative processes for SMEs, combining digital tools with personalised support to help businesses manage and grow their operations more efficiently.
