Finom Raises €92.7M in Growth Investment

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a day ago

Summary

Finom raises €92.7M in growth investment, plans to expand credit offering across Europe, reports positive unit economics in all markets, and is EBITDAM profitable.

Key Points

Finom has raised nearly €190 million since its inception in 2020.
The company has expanded beyond digital banking services with the introduction of an autonomous AI accounting agent for entrepreneurs and freelancers in Europe.
Finom's credit offering, available in the Netherlands, will be expanded across Europe by year-end.

Why It Matters

This funding round highlights Finom's growth potential as a challenger bank for SMEs, with a focus on expanding its offerings and increasing revenue through interest on credit lines.

Author

Mary Ann Azevedo

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