Amsterdam-based fintech just landed €115 million Series C to take on traditional banks—and it’s already serving over 100,000 small businesses across Europe. With slick tools for invoicing, payments, and expense tracking, Finom isn’t just another neobank—it’s building the all-in-one financial HQ for freelancers and SMBs. And now, with fresh funding and zero branches, it’s aiming to become your next business bank.The round was led by AVP (formerly AXA Venture Partners), with participation from Headline Growth, as well as existing investors General Catalyst, Northzone, and Cogito Capital.Founded in 2020 by entrepreneurs , , and , Finom has quickly emerged as one of the most promising B2B fintechs in the region, backed by a product-first mindset and an emphasis on modular financial tools.Dual-fuelled growth: Equity and strategic capitalIn addition to the equity round, Amsterdam-based fintech secured €92.7 million (~$105 million) in non-dilutive growth capital from General Catalyst’s Customer Value Fund (CVF). This funding structure allows the to scale its user base rapidly without giving up additional equity, a rare advantage in the current funding climate.Hyper-Growth in the heart of the SMB sectorFinom currently serves over 100,000 SMB customers across major European markets including Germany, France, Italy, Spain, and the Netherlands. The company reports its annual recurring revenue doubled in 2024, and it maintains profitability on a per-customer basis, a performance metric few neobanks in its segment can match.Its goal? To onboard 1 million SMBs by 2026, establishing itself as the financial operating system for small businesses across the Eurozone.From day one, Finom’s vision has extended beyond banking. Its platform offers business accounts with local IBANs, expense tracking, invoicing, card payments, AI-powered accounting tools, and now, lending products (recently launched in the Netherlands). Further, Finom holds an Electronic Money Institution (EMI) license, enabling it to operate throughout the EU with regulatory flexibility.The combined €207 million raised across equity and CVF funding brings Finom’s total capital raised to nearly €300 million (~$346 million). According to the company, the funds will be used to expand geographically, enhance product localisation, and potentially pursue acquisitions.Investor confidence appears to be riding high, AVP’s Warda Shaheen is joining the board, while General Catalyst deepens its relationship through both equity and strategic capital.At a time when fintech capital in Europe remains cautious, Finom’s twin-track raise stands out, not only for its size but also for its structure. With solid revenue growth, product-market fit, and a strong founding team, Finom is building toward becoming the leading SMB banking platform in Europe.And with a footprint that’s pan-European from the outset, Finom may just be the rare fintech with both the operational model and financial discipline to make good on the promise of truly scalable digital banking for the backbone of Europe’s economy, its small businesses.“European entrepreneurs are some of the most driven, creative, and resilient people you’ll ever meet — but their financial tools haven’t kept up with their ambition. At Finom, we’re building a financial home that works at the speed of their ideas and supports them every step of the way,” said Andrey Petrov, CEO and co-founder of Finom. “This funding helps us go faster, not just in technology, but in earning the trust of a million entrepreneurs across Europe.”“This funding represents validation of our vision to create a truly empowering European business environment where entrepreneurs can thrive regardless of their size,” said Kos Stiskin, chairman and co-founder of Finom. “This Series C enables us to continue to expand our reach across Europe and strengthen our position as the financial infrastructure provider for European SMEs.”“We’ve been thoroughly impressed by Finom’s seasoned leadership and their effective execution of a multi-product, multi-geography strategy, underpinned by a highly robust and well-architected infrastructure,” commented Warda Shaheen, General Partner and Co-head of Global Growth Equity at AVP. “This funding round will enable them to accelerate growth further strengthening their position as the go-to financial partner for European SMEs.” Warda Shaheen will join Finom’s board of directors as part of the funding round., AVP led the round and was joined by Headline Growth, General Catalyst, Northzone and Cogito Capital. Amsterdam-based Finom, founded in 2019, provides a set of financial tools that enable freelancers and small to medium enterprises (SMEs) to quickly open a business account and efficiently manage their finances., The Series C was led by AVP, formerly AXA Venture Partners, with participation from new investor Headline and existing backers General Catalyst, Cogito Capital and Northzone. Andrey confirmed the valuation is now double that of Finom’s 2024 Series B, though the company declined to disclose exact figures..