Financial services platform wamo shared its data for 2022. wamo mediated 400,000 transactions with a total value of €500 million last year.
wamo, which provides financial management services to SMEs and startups in the UK and Europe, announced its 2022 data. With its new service, wamo mediated for entrepreneurs to establish companies and open company accounts within 48 hours, and mediated 400 thousand transactions with a total value of €500 million in 2022.
Italians take first place
According to wamo’s 2022 data, Italian entrepreneurs ranked first in establishing a company and opening a company account, followed by Turkiye, France, Malta and the United Arab Emirates. When the sectoral breakdown is examined, software, information technology consultancy and advertising are among the sectors where the most companies are established and company accounts are opened, while transactions are made in different fields such as festivals and medical.
Company account in 1 day with a 10-minute application
Evaluating the data for 2022 and talking about his future plans, wamo Founder Yanki Onen said: “We, as wamo, have successfully left the last year behind. 2022 has been a year in which we achieved our targets, offered our new products to our users, and most importantly, opened up to the Turkish market. We have included many SMEs and even capital companies within wamo. In addition, we are happy to grow our team by 50% in 2022. Compared to traditional financial institutions, we enable entrepreneurs to open their corporate accounts within 1 day after a 10-minute application process. Moreover, all transactions take place on the internet, without the need for any physical signature or document. Within 1 day, wamo users can start using their Euro or Sterling accounts, send and receive money and use their cards anywhere in the world. In this way, startups meet their financial needs quickly and easily.”
“We will make 10 thousand new entrepreneurs from wamo”
Underlining that wamo account openings increased by 400% and wamo card transactions by 1,150% in 2022, Onen said, “The basis of our success is understanding the needs of entrepreneurs and seeing our users as business partners, not customers. With this perspective, we will continue our work without slowing down. In 2023, we aim to gain 10 thousand new users as well as launching many new features. We anticipate reaching this target quickly with the products and services we will offer.”
Source: Egirisim / Translated by Irem Yildiz