Selling neobank Holvi and reacquiring it - the founder story of Tuomas Toivonen

In this episode of The Big Exit Show we talk to Tuomas Toivonen who sold his Finnish neobank Holvi to the Spanish multinational BBVA, only to reacquire it 2021. In this episode you will learn: 

• What it is like to sell a company to a multinational and work as a subsidiary 
• Why the company decided to quit its activities in the UK and focus on other markets
• How Holvi had to let go of some staff to be more cost-effective, but made sure they all found new jobs
• And of course... our estimation for how much Tuomas sold Holvi and for how much he reacquired it

In The Big Exit Show our hosts Johan van Mil and Remy Gieling talk to tech entrepreneurs about scaling their companies and the lessons and pitfalls of a successful exit.

The Big Exit Show is an initiative by Peak. Peak invests in early-stage SaaS, marketplace, and platform companies ran by kick-ass teams. Want to know more about Peak and the ventures we back? Check out our website or send us a message! Feedback for our podcast or want to be featured on our show? Please reach out at podcast@peak.capital.