Finom, an Amsterdam-based digital banking platform for small and medium-sized businesses, has secured a $105 million (€92.7 million) growth investment from General Catalyst’s Customer Value Fund. Unlike traditional funding, this capital is non-dilutive – General Catalyst takes no equity and assumes the downside risk, with repayment tied only to the success of new customers acquired through the investment. The funding will be used exclusively for customer acquisition and European expansion, not for operations or product development.
Founded in 2019, Finom has rapidly gained traction, now serving over 100,000 businesses across Germany, France, Spain, the Netherlands, and Italy. The company has doubled its revenue in 2024, maintains positive unit economics in all markets, and expects to sustain this growth despite a challenging macroeconomic environment. Its platform integrates digital banking, payments, invoicing, and expense management, and recently expanded into AI-powered accounting and direct lending, opening new revenue streams.
