Helsinki-based Holvi, established in 2011, has devised a new kind of business current account as an alternative to the products of traditional banks. Holvi combines every business management tool an entrepreneur needs, and in combination with the Holvi Business Prepaid Mastercard® card offers a completely paper-free solution to the monthly bookkeeping.
We’ve caught up with Farooq Abbasi, Associate Partner with Mosaic Ventures, a new London-based venture capital firm focused on Series A investments. With a handful of those in fintech - ranging from blockchain technology (Blockchain and Blockstream) to insurance (Guevara) and mortgage broking (Habito) - we sat down with Farooq to talk about the outlook, the implications of Brexit for fintech startups, and what Mosaic looks for in founders?
This guest post is written by Perttu Jalkanen. He is a co-founder of AREX with a 15 year experience in developing FinTech business and in sales. He was the Head of Global Alliances at Wall Street Systems and at Trema, and had a major role in building the e-invoicing service Maventa, which quickly amassed 20000 corporate clients and processed e-invoices worth of billions on a yearly basis.
From the onset, Holvi has been guided by a mission to help entrepreneurs and small businesses to manage their finances in a more efficient and cost effective way. We’re proud to have made a significant step toward realising that mission by recently launching the Holvi Business Mastercard®.
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.
“Fintech loves disruption. There is nothing more disruptive than a female voice in this industry.”
We started Holvi to help entrepreneurs and business owners to better manage their finances. To show them that financial transactions can be presented in a simple, human-readable format. That it can be easy to understand and manage your company’s finances and it can be something that you actually look forward to. And we’re still on the same path.
The millennial generation, born between 1980 and 2000, will form 50% of the global workforce by 2020, according to PwC. At the risk of generalising, there are visible signs that this group of people is transforming the world of work, as they enter and advance in professional life with a different set of priorities and values to their parents’ generation. We’re witnessing self-employment, freelancing, remote work and the digital nomad lifestyle grow in popularity. These trends are the new normal and we have the numbers to prove it.
Choosing a business bank account is an important decision for any entrepreneur and business owner. For a very long time, high street banks used to be the only way to get a current account for small business. However, since the European Union’s Payment Services Directive came into force in 2009, the regulators have opened up the payment services industry to new entrants — digital startups.
At Holvi, we geek out about the latest developments in the financial technology space. Fintech, an industry that spans everything from online payment processing to online banking, is growing like never before. This highly technical and deeply regulated sector is now riding an entrepreneurial wave of disruptors who are not afraid to challenge traditional banks and megacorporations. Investments are flooding into the industry, growing at a rate of 45% a year, with $13.7 billion invested into the sector in 2014. In this blog post, we have distilled the most exciting speakers and talks in the fintech space at Slush 2015. Scroll down to see more.