13 05 2016

BBVA acquires Finnish banking startup Holvi

Borenius advised Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) in its acquisition of Holvi, a Helsinki-based online business banking service, as it seeks to expand its portfolio of digital businesses to complement the Group’s overall transformation process. Terms of the deal were not disclosed.


Holvi, which was founded in 2011, and describes its offering as ‘Banking for Makers and Doers’, provides entrepreneurs, small and medium-sized businesses with a range of business services as well as traditional banking through its online platform. These include an online sales platform, an invoicing facility and a cashflow tracker. It will continue to be run as a stand-alone business, and there will be a two-way flow of knowledge, ideas and support between Holvi and BBVA. Holvi is an Authorised Payment Institution licensed and regulated by the Financial Supervisory Authority of Finland (FIN-FSA). Borenius advised Banco Bilbao Vizcaya Argentaria in the acquisition with a team led by partner Johan Roman (picture), assisted by Susanna Karlsson, Heikki Wahlroos and Jonna Yli-Äyhö. Involved fees earner: Johan Roman - Borenius Attorneys Ltd; Susanna Karlsson - Borenius Attorneys Ltd; Heikki Wahlroos - Borenius Attorneys Ltd; Jonna Yli-Äyhö - Borenius Attorneys Ltd;

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