Amsterdam-based fintech Finom has secured a $105 million growth investment from General Catalyst’s Customer Value Fund, aiming to rapidly scale its SME-focused financial platform across Europe without diluting equity or increasing financial risk.
This new funding comes just months after a €50 million Series B in February 2024, bringing total funding to nearly $200 million. Finom currently serves over 100,000 businesses across Germany, France, Spain, the Netherlands, and Italy, and plans to use the capital to enter additional EU markets.
Unlike traditional growth capital, the General Catalyst fund structure is uniquely aligned with performance. It assumes downside risk and only earns returns based on customer value generated — capped at a fixed amount. This allows Finom to scale aggressively while preserving equity and control.
“GC’s Customer Value Fund is not just about injecting capital — it’s about injecting expertise and alignment,” said Kos Stiskin, Finom’s co-founder and chairman. “They understand our business deeply and are funding growth in a way that preserves our equity and autonomy.”
Launched in 2020, Finom provides local IBAN accounts in core EU markets, and has doubled its revenue in 2024, with expectations to maintain this momentum in 2025 despite macroeconomic headwinds.