# Woli Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/woli-services

- Industry: Financial Services
- Headquarters: Nicosia, Cyprus
- Website: www.woli.io
- Total disclosed funding: $0.8M
- Latest round: Seed (Mar 30, 2022)
- Investors on record: 1

## About

Based in Nicosia, Cyprus, and founded in 2020 by Vasilis Zoupas (CEO), Woli Services Ltd. also known as Woli is a developer of financial applications designed to empower kids and teens by giving them financial freedom and knowledge. In March 2022, Woli Services Ltd raised EUR 700,000 in seed funding led by new investor Eleven Ventures. Individual Investors also participated in the round. The company only serves the people of Greece, and it includes more than 500 customers.

The company's platform provides children with a digital banking tool, money app, and smart prepaid bank card, allowing kids access to digital payments along with a tool to help them learn good skills in money management. The company combines its mobile application with its prepaid Mastercard, along with smart parental control and age-appropriate finance classes to empower the children to earn, save and spend money responsibly within a safe environment.

The company provides the first 30 days free trial which includes free virtual cards afterward firm charges monthly membership of EURO 2.99  per child.

The company will use the March 2022 funding to further expand its product offering, grow its team, and prepare for operation in new markets.

## Funding rounds

- Seed, Mar 30, 2022, $0.8M — Eleven Ventures

## Investors

- Eleven Ventures — Seed