In tandem with a recent EUR 92.7 million investment from General Catalyst’s Customer Value Fund, Finom has amassed over EUR 300 million to accelerate its European expansion efforts.
The company’s growth across the continent is evident, serving customers through local IBAN accounts in Germany, France, Spain, Italy, and the Netherlands. Finom aims to reach one million business customers by the end of 2026.
Since securing EUR 50 million in Series B funding, the firm has doubled its revenue while maintaining positive unit economics across all markets. Finom reports a healthy customer lifetime value relative to acquisition costs and has grown its team to over 500 employees.
With this new capital infusion, Finom plans to create a financial home for SMEs and entrepreneurs that supports their growth initiatives. The funds will also help the company further expand its reach across Europe and enhance services for both current and future clients.
Finom’s platform unifies artificial intelligence-driven financial intelligence tools with business banking, payment processing, invoicing, expense management, and foreign exchange services. The company holds an Electronic Money Institution license and recently introduced credit lines from Dutch businesses.
The funding will enable Finom to capitalize on growing demand for financial services tailored for European SMEs. Plans include accelerating service development and pursuing strategic acquisitions.
AVP selected Finom due to its robust execution of a multi-product, multi-geography strategy. The investment is expected to facilitate accelerated growth and strengthen Finom’s position as a partner for European SMEs.