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Finom, a challenger bank aimed at SMBs, lands $105M in growth funding from General Catalyst
Finom, a challenger bank aimed at SMBs, has landed roughly $104 million in a growth funding from General Catalyst.
The capital infusion “will be used exclusively and only for growth” and not for operational expenses or product development, Kos Stiskin, Finom’s chairman and co-founder, told TechCrunch. Today, Finom counts over 100,000 businesses across Germany, France, Spain, the Netherlands, and Italy as customers, reporting positive unit economics in all markets. Zeynep Yavuz, partner at General Catalyst, believes that Finom has “shown strong execution in a market that is still deeply underpenetrated.” She also thinks its modular infrastructure gives the company the ability “to scale efficiently” across geographies, “leveraging shared capabilities while localizing where needed.”
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