FINOM, a digital banking solution based in Amsterdam, has announced its entry into direct lending by issuing its first credit line to a small business in the Netherlands. This initiative, led by FINOM Growth, aims to address a gap in financing for SMEs and freelancers, who make up 61% of the economy but struggle to access credit. The pilot program offers credit lines from €2,000 to €50K with rapid AI-powered decisions and a streamlined application process. FINOM's CEO highlights this development as a significant step toward creating a robust financial ecosystem for European businesses.
Amsterdam-based FINOM has officially entered direct lending by issuing its first credit line to a small business in the Netherlands, focusing on SMEs and freelancers.
FINOM Growth's pilot funding program aims to fill a significant financing gap for small businesses in the Netherlands, providing credit solutions tailored to their needs.
CEO Andrew Petrov noted, 'We're addressing a critical gap in financing for entrepreneurs and freelancers while maintaining full control over the customer experience and credit quality.'
The on-demand funding includes flexible credit lines of €2,000 to €50K, decisions in minutes via AI-powered assessment, and a simplified application integrated within the FINOM platform.
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