Holvi, which pitches itself as a next-gen bank for entrepreneurs, freelancers and small businesses, will continue to operate separately but BBVA says that there will be a “two-way flow of knowledge” between the two companies. Terms of the deal have not been disclosed.
Do business with 5,000 people
Momentum by TNW is our New York technology event for anyone interested in helping their company grow.
Finland-based Holvi launched in 2011 and had raised a modest $1.7 million to date. This is the latest such deal for BBVA, which has invested in UK mobile-only bank Atom and acquired a similar US startup, Simple in $177 million in 2014.