FINOM Funding News-Amsterdam’s FINOM Raises €92.7Mn Funding

With this new investment, FINOM has now raised a total of €190M.

TechCrunch reports that FINOM will use the new funding to speed up its growth, not for day-to-day expenses or product development.

This news comes after the Dutch company doubled its annual recurring revenue in 2024. FINOM also shared that it is now profitable (EBITDA positive).

The company currently has 505 employees, which is a 31.5% increase from last year.

The funding comes two months after FINOM gave its first credit line to a small business in the Netherlands, marking the company’s official move into direct lending.

This announcement is part of FINOM’s pilot program to offer on-demand funding to small and medium-sized businesses.

FINOM was co-founded in 2020 by fintech experts Andrey Petrov, Kos Stiskin, Oleg Laguta, and Yakov Novikov.

The company offers banking tools that help businesses quickly set up accounts and manage things like online banking, payments, invoicing, and expenses. They do this by creating their own banking system, which powers a range of services, such as fast account setup, payment processing, currency exchange, and expense management.

FINOM holds an Electronic Money Institution (EMI) license in Europe.

The company’s goal is to build a complete financial system to help entrepreneurs and small businesses manage their finances easily.

About Finom

Finom is a European fintech company based in Amsterdam, Netherlands. It provides digital banking and financial services for entrepreneurs and small to medium-sized businesses (SMBs). Their mobile-friendly platform combines features like business accounts, e-invoicing, accounting tools, and international payments in one easy-to-use solution.