Welcome to wamo! We’ve designed our onboarding process to be smooth, secure, and straightforward.
It typically takes just 15 minutes to submit your application, and our team usually completes the review within 1 business day.
Although you'll find our account opening process straightforward, as a regulated financial institution, we have a strong responsibility to our customers' security and to preventing financial crime. As part of this commitment, we require certain personal and company information to ensure the integrity of your account. You'll likely have all this information at hand and we promise that it's a step worth taking!
All information and documents are handled confidentially and retained securely for legal for regulatory reasons only. We encourage you to read our privacy policy for more details.
Who can apply?
Before going ahead and applying for an account, we recommend that you first check your business' country eligibility and industry eligibility for a wamo business account.
Step 1: Create Your Profile (2 Minutes)
You can apply via our website, but we recommend the wamo business app for the best experience. We’ll start with the basics:
Your full name
Business email address
Phone number (a mobile number with country code; it doesn't need to match your business's country)
One email address, one profile. Each email address can be linked to only one wamo profile. If you already have a wamo account and are applying for another business, use a different email address - you can keep the same mobile number. See the questions at the end of this article.
Step 2: Identity Verification (2 Minutes)
To keep your account secure, we run a digital identity check on you and on every director and shareholder who holds 25% or more of the business.
Scan your ID: upload a clear image of your passport, ID card or driving licence.
Biometric video: you will be asked to record a short video to verify your identity.
For companies: you will list all directors and shareholders, with an ownership percentage for each shareholder. For anyone who holds 25% or more, the quickest way is to send them a verification link by e-mail - they complete their own check in minutes and you never need their ID. You can also enter their details and upload their ID yourself if you prefer.
Anyone who holds less than 25% does not need an individual identity check.
You do not need their ID documents to hand. If you are applying on behalf of the business and do not have a director's personal details, choose the e-mail link option and they will complete their own check directly.
Not sure who on your list needs to verify? See Which directors and shareholders need to verify their identity?.
Step 3: Business Details (5 Minutes)
We need to understand the nature of your work:
Business Name & Address: Where your business is officially registered.
Online Presence: Your website URL or social media pages (LinkedIn, Instagram, etc.). If you don't have these, you can describe how you market your services.
Nature of Business: A brief description of the products or services you buy or sell.
Step 4: Required Documents
The documents we need depend on how your business is structured. Please ensure all documents are dated within the last 3 years unless specified otherwise.
Registered Companies (LLC/Ltd) | Sole Traders & Freelancers |
Certificate of Incorporation | Business Tax Registration documents |
Memorandum & Articles of Association | Proof of Address (Dated within the last 6 months) |
Registry Extract (showing beneficial owners) |
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Proof of Address (Dated within the last 3 months) |
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What happens next?
Once you’ve submitted your application, our compliance team will get to work. After your account is opened, we may reach out personally to get to know your business better—this helps us ensure we’re providing the best possible service for your specific needs.
Open a wamo business account now
We look forward to welcoming you to wamo! Apply for an account now and simplify your business finances.
Frequently asked questions
Can I open a wamo account for a second business?
Yes. You can open a wamo account for each business you own. Each one needs its own account and its own application — two businesses cannot sit under one wamo profile.
Start the new application in the wamo business app or at business.wamo.io, using a different email address. Each wamo profile is linked to one email address, so the one on your existing account cannot be reused, even when you are the director and owner of both companies. You can keep the same mobile number.
From there the process is exactly as described above. The new business is assessed on its own merits, so check its [Link: Countries where wamo is Available] and [Link: Eligible industries and business types] before you start.
Can I open more than one wamo account for the same company?
No. Each company registration number can hold one wamo account, so a new application has to be for a different registered company. If you want to separate money inside the business you already hold, use sub-accounts instead — see [Link: Managing your wamo sub-accounts].
Do the directors and shareholders have to verify their identity again?
Yes. Verification belongs to the application rather than to the person, so every director or shareholder holding 25% or more of the new company completes the check again, even if they already did it for your first business.
It is the same digital flow as Step 2 above: scan an ID document and record a short biometric video. For business owners other than yourself, the quickest route is to send each of them a verification link by email - they complete their own check in minutes and you never need their ID documents. You can also enter their details and upload their ID yourself if you prefer.
How do I manage two wamo accounts?
The accounts stay separate: each has its own login and email address, its own IBANs, cards and sub-accounts, its own plan and billing, and its own statements. To move between them, log out of one account and into the other.