At FINOM, we are committed to delivering the best possible experience to entrepreneurs, empowering them with innovative and reliable financial solutions. To achieve this, we’ve been enhancing our platform to provide an even better financial services experience for our customers in Germany.

After a successful and valued collaboration with Solaris SE, who played a key role in establishing FINOM's strong presence in the German market, we’re ready to take the next step. We’re proud to announce the launch of an enhanced version of FINOM, powered by our proprietary EMI (Electronic Money Institution) license. This new iteration combines advanced financial services with the flexibility and innovation enabled by our own license, ensuring we continue to meet and exceed the needs of our customers.

What does this mean for our customers?

This enhancement represents our continued commitment to providing German businesses with advanced financial technology. By operating under our own EMI license, we can offer greater security, enhanced features, and improved payment capabilities while maintaining the same user-friendly experience many businesses have come to expect from FINOM.

  • Enhanced security and protection: Operating with our EMI license enables us to provide unprecedented security for your funds. This includes:
    • Comprehensive fund safeguarding with no upper limit
    • 100% of customer funds available at all times
    • Enhanced international payment capabilities
  • A Smooth and Worry-Free Transition: We understand that changes in financial services can be inconvenient. That’s why we’ve designed a comprehensive transition program to make the process as seamless as possible for our customers. Here's what each business will receive after migrating:
    • Support from a Migration Specialist
    • Our migration feature will help you notify counterparties of your new account details with customized email messages, with the old account staying active for 60 days post-migration
    • Auto-transfer setup. Authorize just once, and payments to your old IBAN will be forwarded to your new account with a click. You’ll receive notifications for any incoming funds, so you can transfer them from your dashboard
  • Enhanced Features to Support Business Growth: Our platform retains all the features our customers rely on, now with powerful enhancements to help business thrive:
    • Financial Management
      • 24/7 Real-Time SEPA Transfers: Fast and reliable money movement.
      • International Payments: Send payments in 18 currencies to over 180 countries
      • Advanced Expense Management: Streamline and control your business expenses
      • Accounts Payable/Receivable Tools: Comprehensive solutions to manage cash flow with ease
    • Payment Solutions
      • Increased Card Limits: Enjoy enhanced monthly limits of up to €100,000.
      • Generous Cashback: Earn up to 3% cash back on all card payments.
      • Unlimited Virtual Cards: Flexible and secure card options for your team.
    • Compliance and Invoicing
      • Fully Compliant E-Invoicing: Support for ZUGFeRD and XRechnung formats to meet German standards.
      • Automated Compliance Updates: Stay effortlessly up to date with regulatory requirements
      • These enhancements are designed to make your financial operations smoother and support your business as it grows

Next steps for Finom Customers

If you are a FINOM customer in Germany, our team will reach out to you individually to schedule your transition. You will be taken through a step-by-step quick and easy process, and a migration specialist will be available to ensure a seamless process. After that, you can easily notify your counterparties using Finom’s customizable email template and authorize the automated transfer of any incoming payments from your old IBAN. Both tasks can be completed effortlessly in your account dashboard with just a few clicks. To ensure a seamless transition, our Customer Care team will provide ongoing support for up to two months after your account migration, keeping your business operations running smoothly.

We’re excited to introduce these enhanced capabilities to German businesses and remain committed to supporting your growth with innovative financial solutions.

If you have any additional questions about the transition, our Customer Care team is here to assist you — contact us anytime through your usual FINOM channels or consult our help center article. 

Stay tuned for more updates as we continue to enhance our services for entrepreneurs and SMEs across Europe.

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