No, not at the moment. This is due to our current licensing status as a Payment Institution, which means cash withdrawals and transfers with your Holvi Business Credit Card aren't supported.
Why not?
Holvi operates as a payment institution¹, which means we’re only permitted to offer credit when it’s directly linked to a payment transaction. Since cash withdrawals at ATMs are not considered payment transactions, they fall outside of what we’re currently authorised to provide.
Other unsupported "cash-like" transactions include peer-to-peer payments through apps like MobilePay or Apple Cash.
Will this change?
At the moment, Holvi is not a credit institution, so cash withdrawals from ATMs using your Holvi Business Credit Card are not possible. However, this may change in the future, as we continue to explore ways to expand our services in line with regulatory developments.
¹Back in 2011, Holvi received an Authorised Payment Institution licence from the Financial Supervisory Authority of Finland (FIN-FSA). With this licence, we could spread our wings and help self-employed professionals across Europe. We’ve been doing that ever since, adapting our product to promote a positive work life balance in different markets, while working under the relevant national authorities.