Amsterdam's Finom Scores $133M Series C, Two Raises in One Quarter Push Total to $346M
Hey Digital Banking Fanatic!
Well, that didn’t take long... Just about 8 weeks after raising a $105M (€92.7M) non-traditional funding round from General Catalyst, Amsterdam-based neobank Finom is back with another headline.
This time, a fresh $133 million (€115 million) equity injection in Finom's Series C round to fuel its next phase of growth. This brings the SMB-focused challenger bank’s total funding to $346 million, a solid show of investor conviction in its vision for small business banking in Europe.
The new round was led by AVP (formerly AXA Venture Partners), with participation from Headline Growth, and returning backers General Catalyst, Cogito Capital, and Northzone.
The updated valuation of Finom has not been disclosed. Founded in 2019, Finom now serves over 125,000 business users and doubled its revenue in 2024. It's North Star? Reaching 1 million SMB customers by the end of 2026.
Finom blends banking, invoicing, and AI-powered accounting in one platform. “Because theoretically, entrepreneurs don’t need to have an accountant at all,” said CEO Andrew Petrov.
The digital bank holds electronic money institution (EMI) licenses across France, Italy, Spain, and the Netherlands. Finom is testing lending in the Netherlands and partnering with Solaris SE in Germany, which has a full banking license.
The new capital will go toward strategic acquisitions, expansion of credit and deposit products, and a deeper push into AI automation, including internal AI agents to automate routine tasks.
Two major fundraisers. One quarter. And Finom is just getting started.
Read all the other Digital Banking industry news below 👇 and I'll be back with more tomorrow!
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