Finom SME Banking Investment , A fast-growing European fintech, has raised €50 million in a Series B round. Led by General Catalyst and Northzone, this latest investment brings Finom’s total funding to over €100 million. Since launching in 2020, the Amsterdam-based company has focused on revolutionizing SME banking across Europe.

Unlike traditional financial institutions, Finom SME Banking targets the real pain points of entrepreneurs. With this funding, the company will upgrade its core products and expand accounting services. Additionally, it will boost marketing to support growing demand. Currently, Finom serves more than 85,000 businesses in Germany, France, Italy, Spain, and the Netherlands. By 2025, it plans to offer services across the entire Eurozone.

Thanks to its EMI license in the Netherlands and custom-built banking platform, Finom can localize its solutions without compromising speed or efficiency. This balance allows the company to provide fast, responsive financial tools tailored to each country’s needs.

Finom SME Banking Investment for Entrepreneurs

What sets Finom apart is its laser focus on usability. For example, entrepreneurs can quickly set up accounts, issue invoices, and manage FX payments—all in one place. They also gain access to expense tracking, banking services, and seamless payment processing. Clearly, it’s designed for busy business owners who need fast, reliable tools.

Co-founder Kos Stiskin sees huge potential in the market. Despite fintech hype, neobanks still serve less than 3% of Europe’s SME banking space. This leaves plenty of room for disruption. Finom aims to lead by customizing its tools to local financial cultures, making business banking less of a burden and more of a boost.

This funding round could be a major turning point. It means better financial access for small businesses—and faster innovation for those underserved by big banks. In a digital-first world, SMEs need smart, simple platforms. Fortunately, Finom is ready to meet that challenge.

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News Source: fintechfutures.com