Yes, you read correctly. We will no longer onboard new customers in Italy and France starting from Wednesday, December 16, 2020. This post is to explain our decision in a bit more detail. 

The world has changed in 2020

Bringing our product to European markets has always been a challenging task. When we started our mission to simplify running a business for the self-employed in Italy and France, we were ready to face the challenges head-on. But the world has changed a lot in 2020, and with change comes shifting priorities. Coronavirus has disrupted market conditions and added a new layer of complexity. 

To respond to these new circumstances, we’ve made the difficult choice to strengthen our core business in Europe and invest more time and money in product growth. This shift in focus unfortunately means we’re no longer accepting new customers in Italy and France. Sometimes you need to take a step back in order to take two steps forward. 

We limit this decision to new account openings only, so there is no impact on our fully-verified customers. If you already have a fully-verified Holvi account, you can keep on using our services as before.

Our mission is still the same: Holvi simplifies work life for the self-employed

Making something as complex as banking and financial management easier for the self-employed is a marathon, not a sprint – you need the power of endurance. But you also need a capable team by your side. Thankfully, we have both. Our drive to make life easier for the self-employed remains unfazed.

Most self-employed professionals still don't receive the support they need from their banks. Holvi steps in here, offering ways to simplify work life and improve your business’ balance sheet. We’re much more than a business account and card. We’re an all-in-one digital solution to small business finances. Everything you need to find financial well-being – online, without the paperwork.

Concentrating on our core markets

The fintech industry is growing faster than ever, along with the demand for new products that make finances more manageable. As we focus on honing Holvi’s features and better serving our customers, we’re concentrating on expanding our leading position in Germany, Finland and European markets outside of Italy and France.

New features in the works for 2021

Right now, we’re planning to introduce more product innovations – including the integration of virtual payment cards. All with the aim of making life easier for the self-employed.

Our support team is here for you

If you have any questions, please contact our support team. The best way to contact us is to start the Holvi Live Chat in your Holvi account. You can also go to the Help Centre or submit a request here. 

Thank you – and we’re sorry we can’t onboard you

Even though we did not get the chance to really get to know you and your business, we want to thank you for your interest in Holvi – and apologise for any inconvenience this may cause. We’ve learned a lot in our time in Italy and France. If there’s one thing we’d still like to share, it’s the following: the financial part of running a business doesn’t need to be scary – and, in fact, you are more than capable. We hope to one day return to these markets stronger than ever.