The financial sector has been in a state of stagnation for a while now, unable to adjust itself to the digital age and provide services that actually create value for its customers. Entrepreneurs often get the feeling that banks are in fact working against them by increasing the amount of red tape instead of helping to run their business. Traditional banks haven’t felt the pressure to start catering to the needs of entrepreneurs. That is one of the reasons why Holvi exists. Holvi is a digital banking service, built by entrepreneurs for entrepreneurs, that makes running your business’s finances effortless. Holvi provides its customers with a digital business current account that integrates paperless bookkeeping and powerful business apps. Holvi was designed to help small businesses, freelancers and the self-employed to maintain control over their business finances and get rid of the monthly receipt hunt.
Holvi was founded in 2011 by a group of Finnish small business owners who ran into a problem of traditional banks being too rigid and not providing any tools for entrepreneurship. Right from the get-go the idea was to solve the difficulties of managing the finances of one’s business by creating a completely original service. A service that enables entrepreneurs to get things done fast. Now, roughly five years later, we’ve helped thousands of early stage entrepreneurs to take their first steps and supported established businesses in boosting their growth.
Convention holds that money is stored and transferred by banks and between banks. Technical progress has changed this notion drastically. There are services that offer alternatives to traditional banks and their services. For instance, Holvi is not a traditional bank, but a payment service provider authorized by the Financial Supervisory Authority of Finland. The Directive of Payment Services (PSD) allows Holvi to operate across the whole European Union. Funds of the Holvi customers are kept segregated from our balance sheet. Consequently these funds are not invested anywhere by Holvi, unlike what would happen with a traditional bank. The money you store in Holvi are yours and yours only.
With the Holvi mobile app and Holvi Business Mastercard® card, you can make payments, scan your receipts on the go and categorise them automatically in Holvi. No more messy shoeboxes and lost receipts — your accountant will love it too! You can stay informed at all times with real-time notifications of each card transaction. All transactions and data in your Holvi account are presented in a simple, human-readable format. In addition to business banking and bookkeeping, Holvi account has powerful business apps that make running your business finances easier.
Your Holvi account has built-in business apps, such as invoicing and an online store, to help you keep all your business finances in one place. Send professional invoices to your customers using your Holvi account and rest assured you'll be notified whenever your invoice has been paid or if it’s overdue. It only takes 3 minutes to set up an online store with Holvi and you don’t need any programming skills. This allows you to run and control all of your business financials in one place. Although Holvi enables many things, first and foremost, it’s a modern and efficient current account for business. Like with a traditional bank account, you can use it to make and receive payments, but instead of boring bank statements Holvi supplies you with extensive reports which will assist you in accounting and tracking your finances.
So what are you waiting for? Open your Holvi business current account for free within minutes!
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How to use Holvi
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Holvi Payment Services Ltd is regulated by the Financial Supervisory Authority of Finland as an Authorised Payment Institution. The current account issued by Holvi is a payment account and the funds held on the account are managed as segregated customer funds. Funds on the payment account are not covered by deposit insurance and the funds do not accrue interest.
Mastercard is a registered trademark of Mastercard International Incorporated. The Card is issued by Wirecard Card Solutions Ltd (“WDCS”) pursuant to licence by Mastercard International Inc. WDCS is authorised by the Financial Conduct Authority (UK) to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900051).