About wamo
wamo is a company based in London (United Kingdom) founded in 2018 by Yanki Onen.. wamo has raised $8 million across 3 funding rounds from investors including Finberg, Re-Pie and LogoVentures. wamo offers products and services including Multi-currency Accounts, Debit Cards, and Invoicing System. wamo operates in a competitive market with competitors including Due, ETHA, PSPARK, Lifestyle Money and Wave Link, among others.
- Headquarter London, United Kingdom
- Founders Yanki Onen
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Wamo.Io Ltd
- Date of Incorporation 06 Dec, 2019
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Series A
Jul 18, 2024
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Investors
Finberg
& 2 more
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Employee Count
Employee Count
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Products & Services of wamo
wamo offers a comprehensive portfolio of products and services, including Multi-currency Accounts, Debit Cards, and Invoicing System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Accounts for holding and managing multiple currencies with linked cards.
Virtual and physical cards for business spending and transactions.
Platform for creating and managing business invoices efficiently.
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Funding Insights of wamo
wamo has successfully raised a total of $8M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $5.0M
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First Round
First Round
(11 Oct 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - wamo | Valuation | Logo Ventures , Finberg |
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| Sep, 2023 | Amount | Seed - wamo | Valuation | Finberg , Re-Pie |
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| Oct, 2022 | Amount | Seed - wamo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in wamo
wamo has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Finberg, Re-Pie and LogoVentures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funding is provided by Finberg across multiple sectors.
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Founded Year | Domain | Location | |
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Limited information is provided about LogoVentures' activities.
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Founded Year | Domain | Location | |
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Provides portfolio management for investment funds like real estate and securities.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by wamo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - wamo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wamo Comparisons
Competitors of wamo
wamo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Due, ETHA, PSPARK, Lifestyle Money and Wave Link, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payment network and currency exchange solution for businesses
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| domain | founded_year | HQ Location |
Decentralized liquidity is provided via an agnostic protocol.
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| domain | founded_year | HQ Location |
Provides a cryptocurrency payment processing platform for businesses.
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| domain | founded_year | HQ Location |
Provides cross-border money transfer and payment solutions for consumers and businesses.
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| domain | founded_year | HQ Location |
Offers a cross-border payment processing solution for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wamo
Frequently Asked Questions about wamo
When was wamo founded?
wamo was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is wamo located?
wamo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of wamo?
Yanki Onen is the current CEO of wamo. They have also founded this company.
Is wamo a funded company?
wamo is a funded company, having raised a total of $8M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Oct 11, 2022.
What does wamo do?
Wamo was established in 2018 in London, United Kingdom, as a fintech platform focused on cross-border money transfers for businesses. Local and international payments are facilitated through secure channels, including virtual and physical debit cards for sending and receiving funds. Payment links are provided to businesses for accepting consumer transactions. Operations center on streamlining global financial flows in the payments sector.
What products or services does wamo offer?
wamo offers Multi-currency Accounts, Debit Cards, and Invoicing System.
Who are wamo's investors?
wamo has 3 investors. Key investors include Finberg, Re-Pie, and LogoVentures.
What is wamo's valuation?
The valuation of wamo is $18.45M as of Oct 2022.