With €115 million in fresh funding, Dutch FinTech startup Finom sets sights on one million customers by 2026

Amsterdam-based Finom, a European digital financial services platform for entrepreneurs and SMEs, today announced it has closed a €115 million Series C funding round to accelerate its European expansion.

The round was led by AVP (previously AXA Venture Partners), with participation from new investor Headline Growth and existing investors General Catalyst, Northzone, and Cogito Capital. Combined with a recent €92.7 million growth investment from General Catalyst’s Customer Value Fund, Finom has now raised over €300 million in total funding.

“European entrepreneurs are some of the most driven, creative, and resilient people you’ll ever meet – but their financial tools haven’t kept up with their ambition. At Finom, we’re building a financial home that works at the speed of their ideas and supports them every step of the way,” said Andrew Petrov, CEO and Co-founder of Finom. “This funding helps us go faster, not just in technology, but in earning the trust of a million entrepreneurs across Europe.”

Founded in 2019, Finom is a digital financial services platform designed for the needs of entrepreneurs and SMEs. Finom offers a comprehensive set of financial tools that enable business owners to quickly open an account and efficiently manage their finances. The platform simplifies online financial management, payments, invoicing, and expense tracking.

The funding comes as Finom accelerates growth across Europe, now serving over 125,000 customers with local IBAN accounts in Germany, France, Italy, Spain, and the Netherlands. The company has set a target to reach one million European business customers by the end of 2026.

Since its €50 million Series B round in February 2024, Finom has reportedly doubled revenue in 2024 and maintains positive unit economics across all markets. The company reports a healthy customer lifetime value relative to acquisition costs and has grown its team to over 500 employees.

“This funding represents validation of our vision to create a truly empowering European business environment where entrepreneurs can thrive regardless of their size,” said Kos Stiskin, chairman and Co-founder of Finom. “This Series C enables us to continue to expand our reach across Europe and strengthen our position as the financial infrastructure provider for European SMEs.”

Finom’s platform combines AI-powered financial intelligence tools and business banking, payment processing, invoicing, expense management, and foreign exchange services under a single Electronic Money Institution license.

The company also recently entered the lending market with credit lines for Dutch businesses.

“We’ve been thoroughly impressed by Finom’s seasoned leadership and their effective execution of a multi-product, multi-geography strategy, underpinned by a highly robust and well-architected infrastructure,” added Warda Shaheen, General Partner and Co-head of Global Growth Equity at AVP. “This funding round will enable them to accelerate growth further strengthening their position as the go-to financial partner for European SMEs.”

Warda Shaheen will join Finom’s board of directors as part of the funding round.

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