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Finom, a digital financial services platform based in Amsterdam, has successfully raised €115 million in its Series C funding round, bringing its total capital to over €300 million. Led by AVP (formerly AXA Venture Partners), the round also saw participation from existing backers General Catalyst, Headline Growth, Northzone, and Cogito Capital, as well as new investors [1][2][3].
The fresh capital will fuel Finom's aggressive expansion strategy across major European markets where it holds electronic money institution (EMI) licenses, including France, Italy, Spain, and the Netherlands. In Germany, it operates through a partnership with Solaris, which has a full banking license [1][4]. By the end of 2026, Finom aims to reach one million European SME customers, up from its current 125,000+ customers [2][3].
Finom's expansion strategy encompasses organic growth, product innovation, strategic acquisitions, and AI integration. The company plans to broaden its financial product offerings, including lending, and increase its market presence [1][3][4]. Finom's CEO and Co-Founder, Andrey Petrov, emphasises their focus on markets with fewer challenger banks and where traditional banks under-serve small businesses. He states, "We are building a financial home that works at the speed of entrepreneurs' ideas" [1][4].
The funding will also support opportunistic acquisitions to grow either the customer base or product portfolio. This marks a shift as Finom previously only made a single acquisition in 2022 but is now more actively considering acquisitions to accelerate expansion [1][4].
Finom's platform offers business banking, invoicing, expense management, payment processing, and foreign exchange services through a single platform. It serves customers not only in Amsterdam but also in Germany, France, Italy, Spain, and the Netherlands, providing local IBAN accounts [1][3]. The company has maintained positive unit economics across all markets and has doubled its revenue since raising €50 million in its Series B round in February 2024 [1][4].
Recently, Finom has entered the lending market, launching credit lines for Dutch businesses. It plans horizontal growth (e.g., deposits, loans) and vertical integration, aiming to become a comprehensive financial operating system for SMEs—from banking accounts to tax payments and reporting—leveraging AI technology on multiple fronts [1][3][4].
Finom's ultimate goal is to earn the trust of one million European entrepreneurs, becoming a leading financial platform for SMEs in Europe by 2026 [1][2][3][4].
[1] TechCrunch. (2025, June 1). Finom raises €115M Series C to become a comprehensive financial operating system for SMEs in Europe. [online] Available at: https://techcrunch.com/2025/06/01/finom-raises-115m-series-c-to-become-a-comprehensive-financial-operating-system-for-smes-in-europe/
[2] Business Insider. (2025, June 1). Finom secures €115 million Series C funding to expand across Europe. [online] Available at: https://www.businessinsider.com/finom-secures-115-million-series-c-funding-to-expand-across-europe-2025-6
[3] Financial Times. (2025, June 1). Finom raises €115 million Series C to fuel European expansion. [online] Available at: https://www.ft.com/content/43d218f6-d549-4746-a3b8-2f8c5d4514c7
[4] Reuters. (2025, June 1). Finom secures €115 million Series C funding for European expansion. [online] Available at: https://www.reuters.com/business/finom-secures-115-million-series-c-funding-european-expansion-2025-06-01/
Finom plans to utilize the fresh capital for expanding its financial product offerings, particularly lending, across major European markets, aiming to reach one million SME customers by 2026. This growth strategy will encompass organic growth, product innovation, strategic acquisitions, and AI integration within the fintech industry.
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