Holvi Launches Yield-Earning Product & Announces New Growth Plans for Germany and Austria

Holvi, the European banking service platform for SMEs, is building on its successful turnaround and profitability in 2023 by launching a new yield-earning product in partnership with the brokerage-as-a-service-platform lemon.markets. This marks the start of Holvi’s ambitious growth plan to solidify its position in Germany and Austria.

The new yield-earning product responds to significant customer demand for diversified, low-risk ways to grow capital, while ensuring easy access to funds in today’s complex economic climate.

The new product allows SMEs to optimise their cash management by investing spare cash in low-risk money market funds. Small businesses can park their capital for the short term, set aside funds for future expenses, and mitigate the effects of inflation, while earning up to 3.78% p.a.*. In Germany, early access to this product will be available from now on.

“In challenging market conditions and with uncertain future ECB decisions, we’ve chosen to focus on providing an attractive short-term solution to help small business owners put their money to work. Transparency and clarity are our top priorities, making sure our customers fully understand what they’re getting.” – comments Holvi founder Toumas Toivonen. 

This product launch also marks the beginning of Holvi’s growth plans in Germany and Austria. After appointing Alex Müller as Commercial Director in May, Holvi will open a new entity in Austria, offering Austrian IBANs along with Apple Pay and Google Pay support. Holvi will further tailor its product range to meet the specific requirements of the German market and expand its presence in the SME banking sector. Soon, Holvi’s services will be available to German SMEs such as GbR, e.K., KG, and OHG.

“Coming from Finland, where digital solutions are a big part of daily life, we see strong demand in Germany and Austria for simple, smart, and secure banking tools. We’re excited to bring our expertise to support founders and small businesses in these markets”, added Toivonen.

Following a strong year, Holvi is poised for further growth. The company recently hired former HSBC Manager Valentin Rodewig as new General Manager for Customer Operations to enhance banking services in Germany and beyond. 

To execute its ambitious growth plans in Germany and Austria, Holvi plans to invest a seven-figure sum.

To sign up for early access, visit: https://www.holvi.com/de-en/earn-yield/ 

*Net yield after fund manager fees, based on annualized 30-day performance (as of 31.08.2024). This estimate assumes consistent performance over the full year, though money market returns may vary with changing market conditions. The service fee for the investment offering is not included, as it’s waived until 31.12.2024.

About Holvi
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.

About lemon.markets

The Berlin-based FinTech lemon.markets, founded in 2020 by Max Linden, operates as a brokerage-as-a-service platform. lemon.markets is on a mission to open 100 million brokerage accounts within the next ten years. Licensed by BaFin, the company provides the infrastructure for FinTechs, Banks and Wealth Managers powering the next generation of investment products. Prominent international investors, including CommerzVentures, Creandum, Lakestar, Lightspeed, and System.one, have invested over 28 million euros in the company.

Disclaimer:

Investing carries risks to the capital invested. As with any investment, the value of your investments can go up or down. Past performance is not a reliable indicator of future results. The returns stated are for illustrative purposes and may differ from actual product performance. This is not an offer or investment recommendation. Investors should note that investing in money market funds is not a guaranteed investment and carries different risks compared to a traditional savings account. Access to investment options is granted upon successful onboarding.