What does Finom do?
Finom is a digital banking platform that offers an all-in-one business solution integrating accounting, financial management, and banking services. The mobile-first platform enables SMEs to manage spending, issue virtual cards, and handle domestic and international payments with ease, including localized IBAN accounts.
How much did they raise?
The company received $105.2M as a non-dilutive growth investment from General Catalyst’s Customer Value Fund, which is linked to the performance of the new customer cohorts. This injection brings Finom's total capital raised close to €190M.
What are their plans for the money?
Finom plans to use the funds to accelerate its expansion into additional EU markets and strengthen its customer acquisition strategy, potentially increasing its footprint and service offerings across Europe.
What have they achieved so far?
Since launching in 2020, Finom has rapidly grown, serving over 100,000 businesses in five European countries and offering tailored financial services such as local IBAN accounts in key markets including Germany, France, Italy, and Spain.
