holvi

Holvi is a Finnish online banking service designed for freelancers and small businesses. It provides a business account with Euro IBAN, a Mastercard debit card, and integrated tools for invoicing, receipt capture, expense tracking, and automated bookkeeping. The platform is web-based with a mobile app, enabling online payments, transfers, and real-time transaction management. The bookkeeping features are designed to sync with accounting software and generate VAT or tax reports for the user’s jurisdiction.

History: Holvi was founded in Helsinki in 2011 by a group of Finnish entrepreneurs. It launched as a fintech platform aiming to simplify business banking by combining payment services with accounting features. The service expanded across Europe and positioned itself as a digital-first alternative to traditional small-business banking. It operates under EU financial regulations and has attracted investment from venture capital and strategic partners.

Impact and reception: Holvi is part of the wave of fintechs blending banking with software, offering an integrated solution for invoicing and bookkeeping that can help small businesses manage cash flow, compliance, and reporting. The platform is often cited as an example of how digital banking services can be paired with lightweight accounting tools to streamline financial administration for non-financial professionals.