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Finom is an Amsterdam and Munich-based financial technology company that provides an all-in-one financial management platform for freelancers and small to medium-sized enterprises across Europe. The platform integrates business banking accounts, invoicing, expense management, and accounting reconciliation into a single dashboard, generating revenue through tiered subscription plans ranging from €8 to €149 per month. Operating as an authorized electronic money institution, the company ranks number eight among payment institutions in the Netherlands and offers up to 3% cashback on card transactions. To support its banking infrastructure for a leadership team that previously built a neobank serving 250,000 clients, the firm partners with licensed providers like Treezor and Solaris Bank, while securing venture capital backing from Target Global, General Catalyst, and FJ Labs. Finom was founded in 2019 by Andrey Petrov, Oleg Laguta, Konstantin Stiskin, and Yakov Novikov.
Finom has raised $312.0M across 5 funding rounds.
Finom has raised $312.0M in total across 5 funding rounds.
Finom is a fintech company founded in 2019 and headquartered in Amsterdam, Netherlands, offering an all-in-one financial platform for small and medium-sized enterprises (SMEs), freelancers, and entrepreneurs across Europe.[1][2][3] It provides digital business accounts, corporate cards, invoicing, expense management, multi-banking integrations, and AI-enabled accounting tools, serving over 60,000 businesses in 10+ countries like Germany, France, Italy, Spain, and the Netherlands to streamline bureaucracy and financial operations.[1][2][4] With €115 million raised in June 2025 and prior investments totaling around $69 million (including from General Catalyst), Finom is in hyper-growth mode, targeting one million customers by end-2026 while expanding into lending and tax payments.[2][4][5]
Finom, also known as PNL Fintech, was founded in 2019 by CEO Andrey Petrov and a team focused on revolutionizing financial services for entrepreneurs.[1][2][5] Emerging from the need to simplify banking for SMEs in fragmented European markets, the idea gained traction quickly through a mobile-first platform integrating banking, accounting, and invoicing.[2][3] Early growth was fueled by $50 million in investments by 2025, expanding from the Netherlands to major markets like Germany and France, where traditional banks underserved SMBs; pivotal moments include securing an electronic money institution (EMI) license in key countries and partnerships like Solaris in Germany for full banking services.[2][4] By 2025, it added features like Direct F24 tax payments in Italy, marking its shift toward comprehensive vertical integration.[3][4]
Finom stands out in the European fintech space through its tailored SME-focused features and rapid scalability:
Finom rides the wave of European fintech consolidation, targeting SMBs underserved by legacy banks amid rising digital adoption and regulatory shifts like open banking.[4] Its timing aligns with post-2023 economic recovery, where SMEs demand integrated, low-cost alternatives to incumbents; market forces favoring it include fewer challenger banks in large markets like Germany and France, plus AI advancements enabling automated accounting and lending.[2][4] By influencing the ecosystem, Finom empowers 60,000+ businesses to manage finances efficiently, accelerates SME digitization, and tests scalable models (e.g., credit via EMI partnerships) that could pressure traditional banks while paving the way for full banking licenses.[1][4]
Finom is poised for unicorn status, leveraging its €115M raise to hit one million customers by 2026 through horizontal (deposits, loans) and vertical (taxes, reports) expansions, with AI optimizing both products and operations.[2][4] Trends like AI automation, embedded finance, and EU-wide digital regulations will shape its path, potentially enabling a full banking license and broader lending rollout. Its influence may evolve from challenger to ecosystem leader, redefining SME finance as Petrov envisions a world without mandatory accountants—building directly on its mission to streamline bureaucracy for Europe's entrepreneurial backbone.[4]
Finom has raised $312.0M across 5 funding rounds. Most recently, it raised $130.0M Series C in June 2025.
Finom has raised $312.0M in total across 5 funding rounds.
Finom's investors include Warda Shaheen, Andreessen Horowitz, Balderton Capital, Buckley Ventures, General Catalyst, Glynn Capital, HV Capital, NFX, Northzone, Sunfish Partners, Arieh Mimran, Balaji Srinivasan.
