Xolo is introducing integrated business accounts and debit cards to its all-inclusive business admin services. This will be a major leap forward for e-residents who no longer have to go through the trouble of finding a banking provider.
As of now, any customer signing up to Xolo Leap has the possibility to opt for a Xolo Business Account. The package includes an EU IBAN for receiving and making payments and a virtual debit card that can be used in Apple or Google Pay.
A company and a business account in one
“We’re starting a new era where e-residents can now access both a business account and admin solutions from one provider. Starting from today, there’s no need for hopping between providers or traveling to open accounts. Xolo’s got it all covered,” said Erko Hansar, CTO of Xolo.
In addition to ease of use, the accounts are affordable as they come complimentary for Xolo’s customers. The monthly subscription of the account is included within all Xolo Leap plans and the user only has to bear transaction fees.
A secure and seamless banking experience
The key benefits of the Xolo Business Accounts include:
- Ease of access: In order to set up your business account, simply sign up to Xolo and start your onboarding in our self-service. The process is fully online for a smooth experience.
- Seamless integration: Say goodbye to managing multiple platforms. The Xolo Business Account integrates directly with our business administration services, including business registration, accounting, tax compliance, and more.
- Everything your business needs: Manage your business payments in real time, use debit cards that work with Apple Pay and Google Pay, and enjoy instant SEPA payments.
- Security and peace of mind: Through Swan’s safeguarding measures, your funds are protected up to €100,000, meaning you can trust that your money is secure in any scenario.
“For e-residents, having a single solution that covers both business administration and payment services is a game changer,” adds Erko Hansar. “It brings a level of simplicity and efficiency that was previously out of reach.”
In addition, Xolo’s customers can still make use of other banking providers integrated with the platform such as Wise, Revolut, Payoneer and wamo.
Funds are guaranteed up to €100,000
Xolo provides business accounts and debit cards in collaboration with Swan, an Electronic Money institution and Payment institution offering payment services under French law.
Swan holds your funds in a safeguarded account separate from its own. In the unlikely event of an issue, additional protection from the FGDR (Fonds de Garantie des Dépôts et de Résolution) guarantees funds up to €100,000.
With Xolo’s new integrated business account and debit card, we’re proud to simplify your entrepreneurial journey. Start your business banking with Xolo today and experience an all-in-one solution designed for e-residents.
