The Dutch
banking provider Finom has secured $105 million (€92 million) in growth funding
from General Catalyst’s Customer Value Fund, the company announced today
(Wednesday). The investment will support FINOM’s customer acquisition strategy
across Europe without diluting existing shareholders.
This
funding comes more then a year after
FINOM’s $54 million (€48 million) Series B round in February 2024, which
was co-led by General Catalyst and Northzone. The Amsterdam-based fintech has
now raised approximately $200 million since its 2020 launch.
Unlike
conventional growth equity, General Catalyst’s Customer Value Fund takes on
downside risk, allowing FINOM to finance customer acquisition efforts while
preserving equity and autonomy.
Kos Stiskin, FINOM’s Chairman and Co-Founder
“Having
General Catalyst as our partner is a huge win for FINOM,” said Kos
Stiskin, FINOM’s Chairman
and Co-Founder. “They understand our business deeply and are funding
growth in a way that preserves our equity. With their support, we can
aggressively expand across Europe.”
100K
Clients and Higher Revenue
General
Catalyst has been involved with FINOM since its founding. “With strong
growth, impressive customer retention, and support from the CVF round, we
believe FINOM is well-positioned to push ahead with ambitious expansion plans
across Europe,” said Zeynep Yavuz, Partner at General Catalyst.
The fintech
platform currently serves over 100,000 small and medium-sized businesses across
Germany, France, Spain, the Netherlands, and Italy. FINOM has introduced local
IBAN accounts in several key European markets and reports positive unit
economics across all territories.
Despite
challenging macroeconomic conditions, FINOM doubled its revenue in 2024 and
projects similar growth for 2025. The company plans to use the new funding to
enter additional EU markets and enhance localization efforts, with a goal of
achieving full Eurozone coverage by the end of the year.
FINOM’s
platform offers European SMEs and entrepreneurs digital banking, payments ,
invoicing, and expense tracking solutions through a streamlined interface. The
company operates under an Electronic Money Institution license valid throughout
Europe.
Fintech Investment Slumps
to Seven-Year Low
While FINOM
managed to secure additional capital for another consecutive year, broader
fintech investment trends paint a less optimistic picture. Global fintech
funding dropped to $95.6 billion across 4,639 deals in 2024—its
lowest level since 2017, according to KPMG’s Pulse of Fintech report. The
decline reflects continued investor caution amid global economic uncertainty
and geopolitical tensions.
Investment
levels steadily decreased over the year, falling from $51.7 billion in the
first half to $43.9 billion in the second. However, the fourth quarter brought
a modest recovery, with funding rising to $25.9 billion from $18 billion in the
previous quarter, hinting at a potential shift toward market stabilization.
Regionally,
the Americas led global fintech activity, accounting for $63.8 billion across
2,267 deals. The United States was responsible for $50.7 billion of that total.
Europe, the Middle East and Africa (EMEA) followed with $20.3 billion over
1,465 transactions, while Asia-Pacific (APAC) posted $11.4 billion across 896
deals.
The Dutch
banking provider Finom has secured $105 million (€92 million) in growth funding
from General Catalyst’s Customer Value Fund, the company announced today
(Wednesday). The investment will support FINOM’s customer acquisition strategy
across Europe without diluting existing shareholders.
This
funding comes more then a year after
FINOM’s $54 million (€48 million) Series B round in February 2024, which
was co-led by General Catalyst and Northzone. The Amsterdam-based fintech has
now raised approximately $200 million since its 2020 launch.
Unlike
conventional growth equity, General Catalyst’s Customer Value Fund takes on
downside risk, allowing FINOM to finance customer acquisition efforts while
preserving equity and autonomy.
Kos Stiskin, FINOM’s Chairman and Co-Founder
“Having
General Catalyst as our partner is a huge win for FINOM,” said Kos
Stiskin, FINOM’s Chairman
and Co-Founder. “They understand our business deeply and are funding
growth in a way that preserves our equity. With their support, we can
aggressively expand across Europe.”
100K
Clients and Higher Revenue
General
Catalyst has been involved with FINOM since its founding. “With strong
growth, impressive customer retention, and support from the CVF round, we
believe FINOM is well-positioned to push ahead with ambitious expansion plans
across Europe,” said Zeynep Yavuz, Partner at General Catalyst.
The fintech
platform currently serves over 100,000 small and medium-sized businesses across
Germany, France, Spain, the Netherlands, and Italy. FINOM has introduced local
IBAN accounts in several key European markets and reports positive unit
economics across all territories.
Despite
challenging macroeconomic conditions, FINOM doubled its revenue in 2024 and
projects similar growth for 2025. The company plans to use the new funding to
enter additional EU markets and enhance localization efforts, with a goal of
achieving full Eurozone coverage by the end of the year.
FINOM’s
platform offers European SMEs and entrepreneurs digital banking, payments ,
invoicing, and expense tracking solutions through a streamlined interface. The
company operates under an Electronic Money Institution license valid throughout
Europe.
Fintech Investment Slumps
to Seven-Year Low
While FINOM
managed to secure additional capital for another consecutive year, broader
fintech investment trends paint a less optimistic picture. Global fintech
funding dropped to $95.6 billion across 4,639 deals in 2024—its
lowest level since 2017, according to KPMG’s Pulse of Fintech report. The
decline reflects continued investor caution amid global economic uncertainty
and geopolitical tensions.
Investment
levels steadily decreased over the year, falling from $51.7 billion in the
first half to $43.9 billion in the second. However, the fourth quarter brought
a modest recovery, with funding rising to $25.9 billion from $18 billion in the
previous quarter, hinting at a potential shift toward market stabilization.
Regionally,
the Americas led global fintech activity, accounting for $63.8 billion across
2,267 deals. The United States was responsible for $50.7 billion of that total.
Europe, the Middle East and Africa (EMEA) followed with $20.3 billion over
1,465 transactions, while Asia-Pacific (APAC) posted $11.4 billion across 896
deals.
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