Holvi, a renowned digital banking specialist that specializes in self-employed business owners has recently made an announcement. The company is making plans to expand into another core market, the UK. This would mark Holvi’s third core market expansion.
Spreading To British Businesses
With this new launch, Holvi will further its presence within the European region, with the other two core markets being Finland and Germany. The firm also operates in other countries: Italy, Belgium, France, the Netherlands, and Ireland.
With this new expansion, the company is making plans for sharing its innovative tools for digital bookkeeping to businesses in the UK. With this move, the company is seeking to continue its growth by adding to its existing base of customers.
The Self-Employed Solution
Holvi has its headquarters situated in Helsinki, Finland. Back in 2016, the company was acquired by BBVA. The niche that Holvi tries to fill caters to sole traders and freelancers, increasing their financial efficiency and trying to offer a service that is as simple as possible but still aids their chances of success. Through the removal of various admin jobs, like inputting receipts or expense spreadsheets, as well as doing tax and invoice management, the app plans to remove as many moving parts for the client as possible.
The payment account, trying to serve as an all-in-one solution, comes with a linked business Mastercard. This helps Holvi’s users to stay on top of their finances’ ins and outs while working on the fly. The Holvi service is further equipped with operational tools that allow users to set up their accounts entirely online.
They are able to send professional invoices and snapshot their expense receipts with ease. They are further capable of categorizing their bookkeeping expenses and gain business insights in real-time. The Holvi service aims to serve all those needs, without needing to handle paperwork in between.
Seeing Opportunity
As for why they plan to make the UK one of its core market expansions, the company refers to the figures issued by the Department of Business, Energy, and Industrial Strategy. According to the Department, 76% of SMEs hold no employees, meaning that a significant portion of the UK SMEs operate entirely solo, with only one man doing everything. Holvi took notice and is eager to tap into this market to serve as a support platform for these SMEs. Holvi stands to gain much if they’re smart about it.
