{"id":387444,"date":"2026-04-19T16:03:57","date_gmt":"2026-04-19T16:03:57","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/387444\/"},"modified":"2026-04-19T16:03:57","modified_gmt":"2026-04-19T16:03:57","slug":"wamo-closes-e10m-series-a-to-power-european-smes","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/387444\/","title":{"rendered":"Wamo closes \u20ac10M Series A to power European SMEs"},"content":{"rendered":"<p><a href=\"https:\/\/wamo.io\/\" target=\"_blank\" rel=\"nofollow noopener\">Wamo<\/a>, a financial operating platform for small and<br \/>\nmedium-sized enterprises (SMEs), has raised \u20ac10 million in a Series A funding round to<br \/>\nsupport its expansion in Italy and the Nordic region, enhance product<br \/>\ncapabilities, and roll out AI-driven tools. <\/p>\n<p>The majority of the funding was<br \/>\nprovided by TCEE Fund IV, advised by 3TS Capital Partners, a technology-focused<br \/>\ngrowth capital firm investing across Emerging Europe. Oleka Capital and<br \/>\nexisting investors also participated in the round.<\/p>\n<p>Founded in 2021 and headquartered in Helsinki and London,<br \/>\nWamo is licensed and regulated by the Finnish Financial Supervisory Authority<br \/>\nas a pan-European electronic money institution. The company provides a<br \/>\nmulti-currency business account integrated with cards, invoicing, expense<br \/>\nmanagement, and other embedded financial tools within a unified platform<br \/>\ndesigned for SMEs.<\/p>\n<p>In addition to its core financial services, Wamo integrates<br \/>\nlending into its platform, using real-time banking, payments, and operational<br \/>\ndata to enable faster, data-driven underwriting.<\/p>\n<p>Commenting on the development, <a href=\"https:\/\/www.linkedin.com\/in\/yanki-onen-8aa93728\/\" target=\"_blank\" rel=\"nofollow noopener\">Yanki \u00d6nen<\/a>, Founder of Wamo,<br \/>\nsaid:<\/p>\n<p>European SMEs need smarter infrastructure, not just digital<br \/>\nbanking. We are integrating AI and automation across our platform to reduce<br \/>\nfriction, unlock better insights and give businesses clearer control over their<br \/>\nfinances.<\/p>\n<p>Wamo\u2019s platform is currently used by more than 15,000<br \/>\ncustomers across Europe, with adoption having tripled over the past 12 months. Growth<br \/>\nhas been particularly strong in Southern Europe and the Nordics, with Italy<br \/>\nemerging as a key expansion market.<\/p>\n<p>The new funding will be used to accelerate<br \/>\ngeographic expansion, further develop AI-enabled features, and scale the<br \/>\ncompany\u2019s financial services offering, supporting SMEs with accessible<br \/>\nfinancial infrastructure and data-driven tools to facilitate growth and<br \/>\noperational efficiency.<\/p>\n","protected":false},"excerpt":{"rendered":"Wamo, a financial operating platform for small and medium-sized enterprises (SMEs), has raised \u20ac10 million in a Series&hellip;\n","protected":false},"author":2,"featured_media":387445,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[138,336,111,139,69],"class_list":{"0":"post-387444","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entrepreneurship","8":"tag-business","9":"tag-entrepreneurship","10":"tag-new-zealand","11":"tag-newzealand","12":"tag-nz"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/387444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=387444"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/387444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/387445"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=387444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=387444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=387444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}