First Step Into Lending: FINOM Changes the Game for Entrepreneurs

Big news! FINOM has issued its first credit line to a small business in the Netherlands, marking our official entry into direct lending. This opens a new chapter in our journey as we continue building a comprehensive financial ecosystem for European entrepreneurs.

Addressing a Critical Market Gap

Small businesses and freelancers face unique challenges when seeking financing. In the Netherlands, for example, despite contributing 61% of gross value added to the Dutch economy, these businesses frequently struggle to access credit. The numbers tell an interesting story: Dutch businesses have lower debt levels and borrow less than their European neighbors.

Our new on-demand funding program tackles this problem head-on by offering financing options that actually make sense for smaller businesses.

Fast, Data-Driven Decisions

Behind the scenes, we’ve developed a smarter approach to lending. With your consent, our proprietary scoring engine pulls together multiple data sources including your transaction history and digital footprint analysis.

We’ve enhanced this with advanced machine learning to train our credit scoring and decision-making models. The result? Automated credit decisions delivering responses to borrowers within minutes.

What Our Credit Offering Looks Like

Here’s what you can expect from our on-demand funding:

• Credit lines ranging from €2,000 to €50,000
• Six-month repayment schedules
• Decisions delivered within minutes
• Flexible repayment options with no penalties for early repayment
• Seamless application process fully integrated within the FINOM platform

Starting in the Netherlands, Expanding Across Europe

We’re beginning with select FINOM customers who’ve been with us for at least three months. The Netherlands is our testing ground since our EMI license allows us to launch credit programs while maintaining the highest regulatory and ethical standards in all our products and processes.

This Dutch pilot serves as a blueprint for the rest of Europe. We plan to roll out across our key markets to more customers by the end of 2025.

Building a Complete Financial Ecosystem

This initiative comes from FINOM Growth, our dedicated credit solutions team. It’s an important piece of our larger vision for European businesses.

By bringing together banking services, payment processing, invoicing, expense management, and now credit solutions within a single platform, we’re helping entrepreneurs spend less time on financial administration and more time focusing on what they do best – running and growing their business.

Stay tuned for more updates as we continue expanding our credit offerings across Europe in the coming months