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News

Estonian startup provides digital solution for banking services?

Mar 02, 2020

Business banking will be available for clients worldwide

Xolo

Estonian startup provides digital solution for banking services. Source: flickr.com

Xolo has entered into a partnership with Wirecard’s fully licensed German bank to provide new opportunities for enterprises. Enterprises who are launching their companies through Xolo can now apply and get a bank account fully online. It is including the passing of the know-your-client (KYC) process, as well.

Clients can have their bank accounts opened and payment cards shipped within 48 hours. Besides making payments and managing account parameters, users are enabled to see bank statements within Xolo’s online platform.

We have been working towards this day for more than a year. While getting e-Residency and incorporating a company is fairly easy, getting a bank account has been a major hurdle. Needless to say, this has been the number one service our customers have been asking for
Allan Martinson, Xolo CEO 

Over 30,000 entrepreneurs worldwide have already signed up with Xolo. They are launching either their fully-owned companies registered in Estonia or using Xolo’s partnership-based virtual company model.

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