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After €92.7M, Amsterdam’s FINOM raises €115M from AVP and others
- Amsterdam-based FINOM, a digital banking solution, has raised €115M in a Series C funding round led by AVP.
- AVP is an independent global investment platform managing over €2.5B of assets, impressed by Finom's execution and strategy.
- The funding round includes new investor Headline Growth and existing investors General Catalyst, Northzone, and Cogito Capital.
- This funding follows a previous round of €92.7M, bringing FINOM's total funding to over €300M.
- The company aims to expand its reach across Europe and support European SMEs.
- FINOM currently serves over 125,000 customers with local IBAN accounts in several European countries.
- They plan to reach one million European business customers by the end of 2026.
- Since its Series B round in 2024, FINOM has doubled revenue and maintained positive unit economics.
- The funding will help FINOM accelerate its growth in technology and customer trust.
- FINOM was founded in 2020 by fintech veterans and offers banking tools for businesses such as account opening, online banking, payment processing, and more.
- The company operates under an Electronic Money Institution (EMI) license across Europe.
- FINOM's goal is to develop a full-stack financial operating system for entrepreneurs and SMEs.
- Warda Shaheen from AVP will join Finom’s board of directors as part of the funding round.
- The company's vision is to empower European businesses, regardless of size, within a thriving business environment.
- The Series C funding is intended to strengthen FINOM's position as the financial infrastructure provider for European SMEs.
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