How they describe themselves: Holvi replaces the plain old bank account with a current account built from the ground up for group activities. We help our customers collect more money, better understand their finances, and save time for their core activities. Customers include event organisers, sports clubs, and student associations. Our customers can do all their banking with Holvi, without needing another bank account. We are regulated as a payment services provider by the Finnish Financial Supervisory Authority (FIN-FSA), and we have the necessary banking partnerships in place to operate payment accounts for our customers on a pan-European basis.
How they describe their product/innovation: The Holvi.com group account is a merchant account, accounting software and a group current account, all rolled into one. With the Holvi account, our customers have an online banking service specifically targeted for their needs. The core technology innovation is automated bookkeeping and meaningful, social connectivity through rich metadata associated with payment transactions. Using Holvi, our customers have radically better tools for managing their money and raising funds online.