FINDThe company has collected $ 92.7 million (about $ 105 million) for small and medium businesses in investment from General Catalist’s Customer Value Fund, for small and medium -sized businesses.
Capital Infusion will be “used exclusively and only for growth” and not for operational costs or product development, co -founder, Kos Stink, Kos Stink, co -founder and co -founder. He described it as an unconventional funding round in which General Catlist does not take any equality.
“(O) UR Core operations are producing positive cash flow, and all new investments and funds are moving directly towards attracting new customers,” said Stissin.
Finom is primarily in the banking business, but this year, the company has extended its offerings beyond digital banking services. In February, the FINOM unveiled it by Stickin, described as a “independent AI accounting agent” for businessmen and freelancers in Europe. And in March, the startup spread directly into the loan, which includes an AI -powered scoring engine.
Stissin added that the credit offer available to the Netherlands will be extended throughout Europe by the end of the year.
Today, the whole of Germany, France, Spain, the Netherlands, and Italy counts more than one million businesses as consumers, and reports positive unit economics in all markets. Its revenue model is primarily based on subscription. Finn also receives tax through transaction transaction fees and offers competitive cashback program. The recent extension of lending has also opened a series of new taxes through interest on credit lines.
Stickin refused to disclose strict revenue data, but told Tech Crunch that the Finom doubled its annual revenue in 2024, and that the company “Abbottam (interest, tax, depression, discrimination and pre -marketing revenue) is profitable.”
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In an interview, Stskin described the nearest rival to a Challenger Bank based in Paris, who announced a large -scale 6 486 million ($ 552 million) series de -funding round in January 2022. But Sticen believes that Finom has “strong localization strategy and more comprehensive product sweet.”
Currently, Fenom has 505 employees, 31.5 % higher than last year. Last September, the company named Elsandro Cameloti, the former head of finance and analytics EU, its CFO.
Since its inception in 2020, Fenom has raised a total of about $ 190 million (about $ 214 million). In February 2024, Finom announced that it had collected Million 50 million (about $ 56 million) in a series B. Equati round of General Catalist and North Zone’s co -led funds.
Startup has refused to disclose her diagnosis. According to the pitch bookThe VCS target from Global, Tail Ventures, and General Catalist (about $ 30 million (about $ 33.8 million) was financed by $ 150.7 million in November 2021, after financing seeds.
General Catalist’s partner, Zenop Yose, believes that Finom “has shown a strong execution in a market that is still deep.” She also thinks that her modular infrastructure gives the company “effectively capacity capacity” in geography, “taking advantage of common capabilities where needed.”
“We look at Fin-proprietary anti-money laundering and your customer engine as a standout benefit-not just for compliance, but also for consumer experience,” said Yavoz.