Saturday, 18th January 2020

Borderless banking

The world’s first e-Residency programme has partnered with the Finnish fintech company Holvi to launch borderless digital banking for its borderless digital nation.

E-Residency enables anyone to apply to join a new digital nation, powered by the Republic of Estonia, and then register a global EU company that can be managed online from anywhere in the world. This new partnership eliminates the need for e-residents to travel to Estonia in order to access business banking.
Holvi is banking for “Makers and Doers”. Holvi provides digital money management tools that are seamlessly connected to Holvi's business current account. By partnering with the e-Residency programme, Holvi will be able to serve more location-independent entrepreneurs around the world.
This partnership is the most significant milestone yet in the rise of location-independent entrepreneurship. It means a complete EU company combined with a fully digital EU IBAN business account can be established anywhere with an internet connection for the first time through e-Residency.
Writing in a blog post [currently on a private link and also under embargo], e-Residency Programme Director Kaspar Korjus explains that a new era for location-independent entrepreneurs has begun.
“Business banking is radically transforming for almost everyone on Earth and this can help unlock global growth by democratising access to entrepreneurship,” says Korjus.
“We’re delighted that Holvi has decided to invest in our borderless digital nation by offering borderless business banking specially tailored to our growing community of e-residents. This partnership with Holvi will further lower the barriers to entrepreneurship and help expand e-Residency to many more people around the world who have been unable until now to establish a trusted company with the tools needed to conduct business globally.”
Antti-Jussi Suominen, Holvi CEO, says: “Entrepreneurship is on the rise and no matter the location of these businesses they all share one common problem; they are currently being underserved in their financial matters. Ever since Holvi was founded we have been helping small businesses manage their finances digitally. We have followed the e-Residency initiative since the beginning and see this partnership as an excellent match to help entrepreneurs around the world run their businesses successfully.”
In preparation for the expansion of the programme, e-Residency has also launched a new website at www.e-resident.gov.ee to encourage more people to join the digital nation.
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