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Finom, a European challenger bank for SMEs, raises $54M
Finom, a European challenger bank aimed at SMEs and freelancers, has raised €50 million in a Series B round of funding.
On top of that, customers also receive physical or virtual bank cards, expense management tools, and integration support for accounting software. Finom touts its core selling point as being a “fully integrated” product spanning banking, payments, invoicing, expense management, accounting, and tangential services such as business registration. At the time of writing, Finom claims some 85,000 customers in Germany, Spain, France, Italy, and the Netherlands, and while it is technically available across the whole EU it will begin localization efforts for additional markets in the coming months.
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