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Finom Raises €115 Million in Series C to Expand European SME Services

  • 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.

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