Holvi with significant growth in 2023

April 10, 2024 Philipp Seidel

Helsinki, Finland – Holvi, the banking service for the self-employed and small businesses, today announced its financial results for the year 2023, marking a year of achievements and resilient performance in a challenging economic environment. Despite the general economic challenges, Holvi has seen growth in its finances and customer base. 

Highlights of 2023:

Revenue growth: Holvi’s turnover increased by 138% during 2023 to 18.8 million euros, driven by strategic financial management and its service offerings.

Profitability: The company recorded a profit of EUR 5.3 million, reflecting its sustainable business model and operational efficiency.

Innovation: Holvi continued to improve its product offering, including the successful integration of its payment account with other financial management systems, features that support foreign currency transactions, and the introduction of an offering for Finnish associations.

“Our success in 2023 is a direct result of our team’s hard work, our strategic focus on meeting the evolving needs of our customers, and our commitment to financial stability,” says Tuomas, CEO of Holvi. “We’re proud of our achievements and how we’ve grown our services to better serve our customers. Looking ahead, we’re set on building even more on our strong base to improve our offerings and grow in our key markets, especially in Germany. Our solid foundation and customer-centric approach position us well to continue this path.”

Building on the momentum of 2023, Holvi is gearing up for continued growth and expansion. The company remains dedicated to its mission of simplifying financial management for the self-employed and small businesses, with a strong focus on expanding its market presence, particularly in Germany, and introducing new features that cater to the specific needs of its customers.


Holvi is the digital banking service that combines everything the self-employed and small businesses need for their finances – in a single, easy-to-use solution. With a business account and Holvi Business Mastercard®, invoicing and bookkeeping tools all in one place, Holvi eliminates the time-consuming distractions of financial admin. Holvi was founded in Helsinki in 2011, CEO is Tuomas Toivonen. The Financial Supervisory Authority of Finland (FIN-FSA) authorises Holvi as a payment institution with a licence to operate across Europe. Holvi has offices in Helsinki, Berlin and Madrid.


Philipp Seidel

Head of Communications


Media Resources

Holvi Press-Kit