Our Next Chapter: €115 Million to Build the Financial Home for European Entrepreneurs
Today marks an important milestone in Finom's journey. We've closed a €115 million Series C funding round led by AVP, alongside Headline Growth, with continued support from our existing investors General Catalyst, Northzone, and Cogito Capital.
Combined with our recent €92.7 million growth investment from General Catalyst's Customer Value Fund, we've now raised over €300 million in total funding. This isn't just about the numbers, it's about what this enables us to do for European entrepreneurs.
Our “Why”
Since launching in 2020, we've been working toward one goal: making financial management simple for small and medium businesses across Europe. We've seen firsthand how entrepreneurs struggle with fragmented financial tools, complex regulations, and systems that weren't built for their needs.
Today, we serve over 125,000 customers across the European Economic Area and provide local IBANs in Germany, France, Italy, Spain, and the Netherlands. Each of these businesses has unique challenges, but they all share something important: they're building the future of European business.
European entrepreneurs are incredibly driven, creative, and resilient. But too often, their financial tools slow them down instead of keeping up with their ideas and ambition. That's why we're building something different at Finom: a financial platform that moves as fast as entrepreneurs do and supports them through every stage of growth.
What We've Built So Far
This funding comes at a time when we're seeing strong momentum across our platform:
- We doubled our revenue in 2024 and maintain healthy economics across all markets
- Our team has grown to over 500 people across Europe
- We've expanded our services from core business banking to include AI-powered tools and lending solutions
- We operate under our own Electronic Money Institution license, giving us the flexibility to serve customers directly
More importantly, we're seeing real impact. Small businesses are using Finom to streamline their operations, manage cash flow, and focus on what they do best – growing their companies.
Our Vision for the Future
This Series C round positions us to reach one million European business customers by the end of 2026. That's not just a number, it represents one million entrepreneurs who will have access to financial tools that actually work for them.
This funding validates what we've believed from the start: that European entrepreneurs deserve financial tools that work for businesses of every size. It gives us the resources to serve more customers across Europe and build the financial infrastructure that small and medium businesses actually need.
This funding will help us accelerate in several key areas. We'll continue building tools that address the specific needs of European entrepreneurs and developing AI-powered financial intelligence that makes expert-level insights accessible to all businesses. We'll also pursue strategic acquisitions of complementary technologies and teams, alongside partnerships that strengthen our ability to serve customers across Europe.
Thank You
None of this would be possible without our customers, who trust us with their business finances every day. Their feedback drives everything we build, and their success is what motivates our team.
We're also grateful to our employees across Europe who are working to make financial management simpler for entrepreneurs. This funding allows us to continue investing in our team and the tools they need to serve our customers.
The European business ecosystem is full of incredible potential, and we're excited to play a role in supporting the entrepreneurs who are building tomorrow's solutions. This funding gives us the resources to do that at scale.
Here's to the next chapter of making European entrepreneurship more accessible, more efficient, and more successful for everyone.