Wahed, Aramco-backed fintech, launches a physical bank in London

Wamo announces 50% growth in team size following launch of UK incorporation services and Shopify affiliation #

Wamo is a digital financial services company that recently launched a new UK incorporation services and Shopify affiliation. It has been well-received by the company’s customers and contributed to the company’s overall growth.

Wamo is a digitally native fintech company that targets small and medium-sized enterprises (SMEs). Now it is incorporated in the United Kingdom and headquartered in London and Malta. The company’s ambition is to compete with traditional financial methods in delivering services and attract over 10,000 EU SMEs to use their services for everyday financial management needs.

The products of Wamo allow individual users and companies across the world to register the UK or EU business remotely through their app and website. Moreso, their affiliation with Shopify grants users the access to an end-to-end solution to create, run and manage a digital business from one location. Now, Wamo is available in 31 countries and valued at €19 million.

Among their solutions are spending limits, pay-later options, account statements, cashback, scheduled and recurring transfers, and the ability to assign cards to team members. They process over 400,000 transactions valued for over €500 millions.

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