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Dutch FinTech startup FINOM raises €92.3 million to develop platform for SMEs
Amsterdam-based FINOM, a digital financial platform for small and medium-sized businesses, today announced a €92.3 million growth investment from General Catalyst’s Customer Value Fund (CVF). This investment follows FINOM’s €50 million Series B in February 2024, co-led by General Catalyst and Northzone, bringing its total funding to nearly €190 million since launch. General Catalyst’s growth […] The post Dutch FinTech startup FINOM raises €92.3 million to develop platform for SMEs appeared first on EU-Startups.
Amsterdam-based FINOM, a digital financial platform for small and medium-sized businesses, today announced a €92.3 million growth investment from General Catalyst’s Customer Value Fund (CVF).
This investment follows FINOM’s €50 million Series B in February 2024, co-led by General Catalyst and Northzone, bringing its total funding to nearly €190 million since launch.
General Catalyst’s growth investment is reported to allow FINOM to finance their investment on acquiring customers without diluting shareholders or taking on additional risk, as General Catalyst assumes the downside exposure.
“Having General Catalyst as our partner is a huge strategic win for FINOM,” said Kos Stiskin, FINOM’s Chairman and Co-founder. “GC’s Customer Value Fund is not just about injecting capital – it’s about injecting expertise and alignment. They understand our business deeply and are funding growth in a way that preserves our equity and autonomy. With GC’s support, we can aggressively expand across Europe, knowing we have a partner who shares our vision and is truly invested in our success.”
Founded in 2019, FINOM is a digital financial services platform designed for the needs of European entrepreneurs and SME. FINOM offers a comprehensive set of financial tools that reportedly enable business owners to quickly open an account and efficiently manage their finances.
The platform looks to simplify online financial management, payments, invoicing, and expense tracking. Dedicated to supporting entrepreneurs’ growth and competitiveness, FINOM provides financial solutions and holds an Electronic Money Institution (EMI) license operational across Europe.
“We have been investors in Finom since its founding and are excited to deepen our partnership. With strong growth, impressive customer retention, and support from the CVF round, we believe Finom is well-positioned to push ahead with ambitious expansion plans across Europe,” added Zeynep Yavuz, Partner at General Catalyst.
FINOM has expanded across key European markets, introducing local IBAN accounts in Germany, France, Italy and Spain. The company attributes strong adoption and customer satisfaction to their localised product with a seamless user experience.
The company reportedly doubled revenue in 2024 and expects to sustain that pace in 2025, despite, what they are referring to, as a softer macroeconomic environment.
FINOM now serves over 100,000 businesses across Germany, France, Spain, the Netherlands, and Italy.
The new funding will support FINOM’s expansion into additional EU markets, along with deeper localisation and scaled customer acquisition.
The company remains focused on sustainable growth, maintaining strong unit economics and high customer satisfaction as it works toward full Eurozone coverage by the end of 2025.
The post Dutch FinTech startup FINOM raises €92.3 million to develop platform for SMEs appeared first on EU-Startups.
