Online banking firm Holvi secures funding

Secures funding

Online banking start-up, Holvi, which provides banking services to individuals or groups offering a small fee per-transaction, has raised an undisclosed amount from Danish entrepreneur and investor Thomas Madsen-Mygdal.

The Finnish firm targets individuals or organisations that traditional banks are unable to monetise successfully such as those who do not need large loans or hold large deposits. The funding will be used to expand out of Finland throughout Europe next year.

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