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"The Spanish banking group BBVA\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\tbbva\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\n\t\t\t has bought Holvi, a Finnish financial technology startup that provides online banking and financial planning services for small businesses.\nIt said the purchase, along with others in recent years, would help it transform into a more digitally savvy banking group.\nHelsinki-based Holvi pitches itself as a bank for &amp;#8220;makers and doers&amp;#8221; &amp;mdash; it allows entrepreneurs and teams to set up business accounts in a few minutes, and offers services such as invoicing, receipt-scanning and bookkeeping. It&amp;#8217;s also preparing to launch a MasterCard\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\tma\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\n\t\t\t card in April.\n Get Data Sheet, Fortune\u2019s technology newsletter.\nBBVA said Monday that Holvi, the price for which it did not disclose, will continue to run as a standalone business.\n&amp;#8220;They use digital to bring a new approach to small business banking, where services essential to a business\u2019 future such as invoicing are built into their core offer,&amp;#8221; BBVA new digital businesses chief Teppo Paavola said.\nLast year, BBVA took a 29.5% stake in U.K.-based mobile-only bank Atom, and the year before that it bought the U.S. banking service Simple (which is quite similar to Holvi, only it&amp;#8217;s for U.S. rather than European customers and focuses on consumers rather than businesses).\nIn an email to its users, Holvi said it was now &amp;#8220;supercharged with more knowledge, more resources and more ambition.&amp;#8221; The company said it would remain in Finland, but &amp;#8220;might start having more paella during our lunches.&amp;#8221;\nFor more on financial technology watch our video."^^<http://www.w3.org/2001/XMLSchema#string>
<http://fortune.com/2016/03/07/bbva-holvi-fintech/>