Finom, a startup located in Amsterdam, Netherlands, raised €50 million in Series B funding. Finom offers financial solutions for freelancers and entrepreneurs by combining business account perks with a variety of services.
Together with current investor General Catalyst, Northzone co-led the round, which also included Target Global, Cogito Capital, Entrée Capital, FJLabs, and S16vc.
With the money, the company plans to keep growing its operations and market penetration, strengthening its position in Germany, its primary market, and accelerating its expansion into France, the Netherlands, Spain, and the rest of Europe.
Finom, co-founded in 2020 by Andrey Petrov, Kos Stiskin, Oleg Laguta, and Yakov Novikov, offers a solution that merges banking, accounting, and financial management tasks onto a single mobile-first platform.
The platform is used by 85,000 SMEs and solo entrepreneurs for a variety of financial services, such as processing invoices and payables, managing expenses, transferring money overseas, and other tasks, in less than four years since the company’s founding.
Moreover, Finom has regional centers in Germany, Poland, Spain, and Cyprus.
