Holvi

Holvi is a Helsinki-based online business account built for self-employed people, small companies and associations in Finland, Germany and Austria. It is not a bank. Holvi Payment Services is a payment institution regulated by Finland's Financial Supervisory Authority. Each account comes with an IBAN and Mastercard debit cards. The same app handles invoicing, matching incoming payments to invoices, receipt scanning, expense categorisation, VAT calculation and bookkeeping preparation that can be passed to an outside accountant. Pricing is a monthly subscription in euros. Flex costs nothing but charges 0.25 euros per transfer. Lite (9 euros) and Pro (15 euros) add more IBANs, physical cards, monthly transfer allowances and accountant access, and Pro also includes e-invoicing. A Business plan for larger teams is reported at around 50 euros a month. Finnish customers can also choose done-for-you bookkeeping plans from 79 euros a month. Bank connections cost 6 euros a month extra, currency exchange carries a 1 percent fee, and a credit line of up to 50,000 euros is available. Third-party reviewers mention a DATEV interface for German users, but Holvi offers few other integrations and is not a full double-entry accounting suite. Its main limitations are that it only serves three countries and that user reviews report sudden account freezes. It suits sole traders and micro-businesses that want banking and basic bookkeeping in one place, not finance teams that need a ledger, consolidation or forecasting.