5 Financial Tools That Are Helping Digital Nomads Find Success In 2025
As little as five years ago, it would have been unheard of to start a business without securing some kind of physical presence. Now, though, a rise in everything from remote working to virtual businesses addresses means that more professionals than ever are choosing digitally nomadic lifestyles.
Of the brave small business owners who choose to pursue their passion without roots in this way, most will tell you that using the right tools is essential to ongoing success. This is especially important when it comes to staying on top of your finances, which are guaranteed to be a little more complex than they would be if you were just in the office.
Financial tools provide the support, control, and general monetary management that you need to succeed. That’s why we’ve put together a list of the top 5 options that you might want to consider when seeking digital success in 2025.
# 1 - SavvyNomad - Best for Tax Savings
If you thought you would take your business on the road to shirk your tax responsibilities, then you can think again. After all, your business might be able to survive without an address, but you still need a bank account. And, if you base that bank account in the US, then you’re still fully responsible for filing a US tax return. This can lead to some pretty high outgoings that you could do without. And that’s where SavvyNomad comes in.
SavvyNomad was co-founded by two digital nomads with a passion to save their fellow travelers from unfairly restrictive taxation benefits. The business provides a ‘passport to tax savings’ between 4%-14.8% depending on your situation, all by simply moving your domicile to a Florida address that benefits from a lack of state, income, and inheritance tax. Using their personal experiences, the SavvyNomad team can also guide you towards any other tax savings you’re entitled to. All while helping you to retain your US residency.
Sizable tax savings are undeniably the best benefit that SavvyNomad offers for digital nomads, and they could spell the difference between success and failure in those first tentative years. But, SavvyNomad also has a full suite of further services that might be useful for your financial business journey, including –
Mail forwarding
Real leases and utility bills
US legal addresses
Tax filing advice
And More
# 2 - Wise - Best for Banking
Ensuring maximum earnings for your digital business is one thing, but it’s also important to figure out where you intend to store that money. Because trust us when we say that, if you’re planning to move finances between countries and global clients, then you’ll need more than an account with your local bank. And, more is precisely what you get when you sign up with Wise.
Formerly known as Transferwise, this UK-based company provides the epitome of ‘money without borders’, thanks to the built-in ability to seamlessly send cash in any currency. Wise’s international business accounts are especially changing the game for nomadic companies right now, thanks to the ability to send, receive, and earn on the money you make, all with Financial Conduct Authority (FCA) approval . As if that weren’t enough, business clients can also enjoy further benefits of Wise banking, which include –
The ability to create foreign account details
Receipt of instant global invoice payments
Simplified bulk transfers of up to 1,000 clients
Volume discounts on large transfers
# 3 - Revolut - Best for Budgeting
Sometimes, a bank account alone isn’t enough to assist your nomadic business quest. Instead, you might feel like you need a financial helping hand, much like the one you’ll get when you choose Revolut.
As well as offering banking benefits essentials such as multi-currency accounts, corporate cards, and crucial money transfers, Revolut provides its business account holders with a full suite of crucial budgeting tools. From judging which countries are busting your budget, to setting monthly budgets and tracking business spending more generally, it’ll all be easier with Revolut, thanks to features including –
Data-driven analytics
Budget forecasts
1-click number crunching
Automated expense management
And more
# 4 - PayPal - Best for Receiving Payments
Modern customers are generally willing to work with, and even actively support, nomadic companies. But, they probably won’t be willing to jump through multiple hoops to send their money your way. Hence, why you need to keep the payment process as simple as it would be in a physical business. PayPal is still the best tool to help you do that. Even better, you’re probably somewhat familiar with its features even before you start your new business venture.
Quite simply, PayPal allows you to receive payments globally, with the added trust that comes from this recognized brand. Just add a PayPal button to your website, and you’ll automatically simplify a secure payment process for global clients. Paypal also provides additional business account benefits worth noting, including compatibility with other tools like Wave, and additional security features such as fraud protection for your peace of mind.
# 5 - Wave - Best for Invoicing
So far, we’ve focused on tools that help you to save, store, and send your company's finances from afar, but ongoing success also relies on your ability to send high-quality, fully trackable invoices to your customers. To do that, you’ll also need to invest in a tool like Wave.
Wave was designed with small businesses in mind, and offers a complete money management solution for the daily running of your company. Here, you can manage your accounts, receive payments where required, and even manage the payroll of a remote team if you’re considering taking people on. Importantly, Wave also provides complete invoicing solutions that ensure quick, fully-customizable invoice creation that both helps you to look more professional and ensures you can easily track payments, even as you move around.
Takeaway
From taxes to currencies, there are plenty of financial considerations waiting to trip your digital nomad plans. Make sure you stay afloat regardless by investing in essential financial tools like these.