← Embedded Finance Index 2026

Finom

“Can a BaaS-powered European SMB neobank become the full financial OS for entrepreneurs by layering AI accounting, FX, and direct lending on top of a banking infrastructure it does not own?”

Founded2019
HQAmsterdam, Netherlands
Total raised~€357m+
Latest roundSeries C, June 2025
IndustryFintech / SMB banking
The story

Founded in 2019 as a digital business account for European freelancers and SMEs, Finom initially leaned on Solarisbank for banking infrastructure and BNP Paribas for fund safeguarding, enabling rapid expansion across five European markets without a banking license. From 2023 onward, Finom layered in invoicing, multi-currency FX, and AI-powered accounting to broaden its value proposition beyond simple account access. In 2025, the company made its most significant strategic move yet: launching direct SME lending in the Netherlands via a dedicated credit subsidiary (Finom Growth), signalling intent to become a full-stack financial OS for European entrepreneurs rather than just a neobank wrapper.

Last 12 months
2025-05
2025-06
2025-03
2025-Q1
2025-Q1
Product timeline
2019
Finom founded in Amsterdam as PNL Fintech BV, targeting European SMEs and freelancers with a digital business account.· banking
2021
Launched in Germany with BNP Paribas as funds safeguarding partner; partnered with Solarisbank for card issuing and banking infrastructure for Italy expansion.· banking
2022
Salt Edge PSD2 / Berlin Group API integration went live, enabling open banking TPP access to Finom accounts.· banking
2024
Closed €50m Series B; doubled revenue year-on-year; expanded across Germany, France, Italy, Spain, and the Netherlands with 125k+ customers.· banking
2025
Launched AI Accountant feature for German customers, embedding AI-driven accounting into the platform.· pivot
2025
Issued first credit line in the Netherlands through Finom Growth, entering direct SME lending for the first time.· lending
2025
Raised €92.3m growth investment from General Catalyst CVF followed by €115m Series C led by AVP; began exploring M&A for European expansion.· ipo
Regulated entities
2
regulatory licences held by Finom
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Finom’s embedded-finance stack
Payments / PSP
Finom Payments (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Open banking
in the full report
Accounting
in the full report
Accounting gap: minor
5 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.