The latest beneficiary of that investor appetite is Finom, a five-year-old, Amsterdam-based challenger bank that targets small and medium-size businesses across Europe. The company, which claims to have doubled its revenue in 2024, just closed a '115 million Series C equity round (around $133 million), TechCrunch learned exclusively. This comes only a few weeks after it landed $105 million in growth funding from General Catalyst, its backer since 2021. Finom's business model centers on providing European SMBs with a financial platform that combines banking, invoicing, and a growing range of features, including AI-enabled accounting. 'Because theoretically, entrepreneurs don't need to have an accountant at all,' said CEO Andrey Petrov (on the far left in the picture). The startup's ambitious growth targets reflect this vision. While Petrov says Finom's goal of having one million business customers by the end of 2026 is motivational and not set in stone, its new funding makes that...
learn more
