Wamo raises €10 million to boost AI and lending service

By Parth Prabhudesai

Wamo has raised €10 million in a Series A funding round to support its expansion into Italy and the Nordic region, enhance its product offerings, and introduce artificial intelligence (AI)-powered tools across its business account platform.

The funding round was led by 3TS Capital Partners through its TCEE Fund IV, with participation from Oleka Capital and existing investors.

The company is also strengthening its focus on embedded lending, using real-time financial data to enable faster and more efficient credit decisions. Following the launch of its business loan product in Finland, Wamo plans to expand lending services across Europe in the second quarter of 2026 through strategic partnerships, targeting €100 million in lending volume over the next year.

“European SMEs need smarter financial infrastructure, not just digital banking,” said Yanki Onen, Founder of Wamo. “We are integrating AI and automation to simplify operations, deliver better insights, and give businesses greater control over their finances, while ensuring a seamless user experience.”

Onen added that the company aims to scale its customer base significantly and deliver more personalised financial solutions tailored to individual business needs.