Below is a list of industries that we are unable to open an account for. If unclear about your eligibility, please refer to the following list or speak to our support via chat or email support@wamo.io.
You will not be able to open a wamo business account if your business conducts any activity or business relating to the following industries:
Armaments, nuclear weapons or defence manufacturers
Adult entertainment/pornography
Auction houses
Chemicals and allied products not elsewhere classified
Crowdfunding platforms
Cryptocurrency exchanges or firms
Consulates
Dating escort services
Diplomatic Offices
Gambling
Embassies
Equity/mutual funds and other investment funds
Fake goods/counterfeit consumer products
Fine Art dealers
Foundations
Funds (including venture capital funds)
Non-profit organisations
Pawnbrokers
Pension schemes
Political organizations and institutions
Precious metals & stone dealers
Quasi-cash merchants
Religious organisations
Registered and unregistered charities
Second-hand heavy construction equipment dealers
Special Purpose Vehicle/Special Purpose Entity (SPV/SPE)
Streaming companies (companies getting donations from viewers)
Trusts
Video game arcade
Unregulated FX businesses
Unregulated Loan businesses
Unregulated Money Services businesses
Unregulated Remittance business