Finom

Finom is a financial technology company headquartered in Amsterdam that provides an all-in-one financial management platform for freelancers, entrepreneurs, and small to medium-sized enterprises (SMEs) across Europe. Founded in 2019 by Andrey Petrov, Oleg Laguta, Konstantin Stiskin, and Yakov Novikov, the team brought prior experience from building Modulbank, a neobank in Russia. The founders aimed to solve the problem of fragmented financial administration for European small businesses by creating a unified, mobile-first platform. The company's core offering integrates business banking, invoicing, expense management, and accounting reconciliation into a single dashboard. Finom operates under an Electronic Money Institution (EMI) license and provides clients with local IBANs, physical and virtual Visa debit cards, and cashback programs of up to 3%. The platform is designed to streamline financial operations, automating tasks like transaction categorization and invoice reconciliation. Its business model is primarily subscription-based, with tiered plans that vary by country and cater to different business sizes, from solo entrepreneurs to growing SMEs. Additional revenue is generated through transaction fees and interest on credit lines. Since its inception, Finom has demonstrated significant growth, securing substantial funding and expanding its market presence. Key funding rounds include a €6.5M seed round in April 2020, a €50M Series B in February 2024 co-led by General Catalyst and Northzone, and a €115M Series C in June 2025. The company has acquired over 125,000 business customers and operates in several major European markets, including Germany, France, Italy, Spain, and the Netherlands. Finom has also expanded its services to include direct lending with an AI-powered scoring engine and an AI accounting agent. The firm partners with established financial entities like Solaris and Treezor to support its banking infrastructure. Keywords: financial management platform, B2B fintech, European SMEs, business banking, invoicing software, expense management, accounting automation, neobank, mobile banking, digital bank, freelancers, entrepreneurs, Amsterdam fintech, SEPA transfers, business accounts, corporate cards, multi-banking, AI accounting, subscription model, General Catalyst, Northzone, Target Global, payment processing, financial services, digital invoicing, cash flow management, venture capital, Series C, European market, business finance, SME banking, online payments, financial administration