Estonia
Xolo, headquartered in Estonia, is making strides in the Fintech and Banking industries with its innovative approach to supporting freelancers and independent entrepreneurs. Established in 2020, Xolo’s mission is to simplify the complexities of running a modern microbusiness, boasting a potential saving of up to 162 working hours in business administration for its users annually.
The company prides itself on transforming business operations into a seamless experience by integrating banking, accounting, and tax management into a user-friendly platform. Xolo provides everything needed to manage a business from anywhere, with an emphasis on efficiency and ease. Their dashboard combines accounting and banking functionalities, allowing users to manage finances effortlessly.
In its last funding round on 15 February 2021, Xolo secured a €3.19M Series A investment from a consortium of investors, including Karma Ventures, Metaplanet Holdings, Vendep Capital, Specialist VC, Thorgate Ventures, Andrew Prozes, and Taavet Hinrikus. As Xolo continues to grow, it is well-positioned to become a key player in supporting the burgeoning freelancer economy.
