Finom, a digital financial services platform for entrepreneurs and SMEs, secures €115 million in Series C funding led by AVP and supported by Headline Growth, General Catalyst, Northzone, and Cogito Capital.
The company has raised over €300 million in total to aid its expansion across Europe.
Finom offers various services such as business banking, invoicing, expense management, payment processing, and foreign exchange through a unified platform.
It currently serves over 125,000 customers with local IBAN accounts in five European countries and aims to reach one million business customers by 2026.
Since its Series B round in 2024, Finom has doubled its revenue and grown its employee base to over 500.
CEO Andrey Petrov emphasizes supporting European entrepreneurs with innovative financial solutions.
Finom has expanded into the lending market, providing credit lines for Dutch businesses.
The Series C funds will be utilized for product development, market expansion, and potential acquisitions.