""Because theoretically, entrepreneurs don't need to have an accountant at all," said CEO Andrey Petrov, highlighting Finom's vision of streamlining financial processes for SMBs."
"Finom's belief that it could serve a fair share of Europe's 26 million SMBs is central to its ambitious goal of reaching one million business customers by 2026."
Finom, an Amsterdam-based challenger bank focused on small and medium-sized businesses, has recently closed a €115 million Series C funding round. This capital injection comes shortly after securing additional growth funding and aims to support its goal of reaching one million business customers by 2026. The bank offers a comprehensive financial platform that integrates banking and invoicing to serve the needs of European SMBs, driven by a belief in reducing reliance on traditional accountants. Despite its growth, Finom still trails behind major fintech competitors in total funding raised.
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