Finom Raises $105 Million in Growth Investment

FINOM, a European digital financial platform for small and medium-sized businesses, announced a €92.3 million ($105 million) growth investment from General Catalyst’s Customer Value Fund (CVF). This investment deepens General Catalyst’s long-standing partnership with FINOM and builds on its existing board role, bringing added strategic and operational support as the company scales.

“Having General Catalyst as our partner is a huge strategic win for Finom,” says Konstantin Stiskin, our Chairman and Co-Founder. “GC’s Customer Value Fund is not just about injecting capital – it’s about injecting expertise and alignment. They understand our business deeply and are funding growth in a way that preserves our equity and autonomy.”

Since its launch in 2020, FINOM has expanded across key European markets, introducing local IBAN accounts in Germany, France, Italy and Spain. The company attributes strong adoption and customer satisfaction to a localized product with a seamless user experience.

This investment, along with the €50 million Series B round in February 2024, co-led by General Catalyst and Northzone, brings Finom’s total funding to nearly €190 million ($200 million) since its launch.