Finom

Dutch fintech Finom has raised €50mn, which the startup will use to boost its digital banking services. Founded in 2019, the Amsterdam-based business operates a pan-European neobank for SMEs and entrepreneurs. It integrates online banking, accounting, and financial management into a single platform. Kos Stiskin, co-founder at Finom, said the company was built to simplify banking for small businesses. “Finom was born as a cost-effective and user-friendly digital banking solution for…

Finom, a European challenger bank aimed at SMEs and freelancers, has raised €50 million ($54 million) in a Series B equity round of funding. Founded out of the Netherlands in 2019, Finom lets businesses open up an online bank account in minutes and receive an IBAN (International Bank Account Number) to support cross-border transactions. On top of that, customers also receive physical or virtual bank cards, expense management tools, and integration support for accounting software. In truth, the…