Finom has also received additional investment from General Catalyst’s Customer Value Fund of EUR 92.7 million recently. Combined, these investments have totalled over EUR 300 million, allowing the company to accelerate its European expansion.
Supporting European SMEs
Since expanding across several continental markets—Germany, France, Spain, Italy, and the Netherlands—Finom has served customers with local IBAN accounts. The company aims to reach one million business customers by the end of 2026. Finom reports doubling its revenue since its EUR 50 million Series B funding round in 2024, while maintaining positive unit economics across all markets. The firm has also grown its team to over 500 employees.
Key Services and Future Plans
Finom’s platform integrates a variety of financial services including business banking, payment processing, invoicing, expense management, and foreign exchange services. It holds an Electronic Money Institution licence and recently entered the market with credit lines from Dutch businesses. With this funding, Finom plans to continue developing its suite of services and explore strategic acquisitions.
AVP selected Finom for its successful multi-product, multi-geography strategy supported by a robust infrastructure. The investment is expected to accelerate growth and reinforce Finom’s position as a key partner in the European SME market.
