Xolo

Xolo, founded in 2020 and headquartered in Estonia, aims to simplify the process of starting and managing modern microbusinesses. The company's slogan "Xolo makes freelancing a magical experience" aligns with its mission to save xolopreneurs up to 162 working hours annually on business administration, allowing them to focus on their one-person businesses. Xolo offers a comprehensive suite of services including banking, accounting, and tax management, all designed to streamline business operations and eliminate the complexities typically associated with traditional business setups. The recent €3.19M Series A investment on 15 February 2021, led by a consortium of investors including Karma Ventures, Metaplanet Holdings, Vendep Capital, Specialist VC, Thorgate Ventures, Andrew Prozes, and Taavet Hinrikus, signifies a vote of confidence in Xolo's vision and potential for growth. With a strong foothold in the fintech and banking sectors, Xolo is poised to leverage this investment to further develop its platform and expand its reach within the burgeoning freelancer and microbusiness market. By leveraging advanced technologies such as AI-driven accounting and a user-friendly dashboard, Xolo empowers entrepreneurs to manage their businesses remotely, thereby reducing the time and effort typically required for administrative and financial tasks. The streamlined onboarding process and inclusive business registration further exemplify Xolo's commitment to simplifying the entrepreneurial journey. The company's all-in-one approach provides the necessary tools for seamless business operations, positioning Xolo as a compelling solution for solo entrepreneurs seeking efficiency and convenience in their business endeavors.