FINOM Tops $200 Million in Funding With New General Catalyst Deal

The Dutchbanking provider Finom has secured $105 million (€92 million) in growth fundingfrom General Catalyst's Customer Value Fund, the company announced today(Wednesday). The investment will support FINOM's customer acquisition strategyacross Europe without diluting existing shareholders. FINOM Raises $105 Million toFuel European Expansion Thisfunding comes more then a year afterFINOM's $54 million (€48 million) Series B round in February 2024 , whichwas co-led by General Catalyst and Northzone. The Amsterdam-based fintech hasnow raised approximately $200 million since its 2020 launch. Unlikeconventional growth equity, General Catalyst's Customer Value Fund takes ondownside risk, allowing FINOM to finance customer acquisition efforts whilepreserving equity and autonomy. "HavingGeneral Catalyst as our partner is a huge win for FINOM," said KosStiskin, FINOM's Chairman and Co-Founder. "They understand our business deeply and are fundinggrowth in a way that preserves our equity. With their support, we canaggressively expand across Europe." 100KClients and Higher Revenue GeneralCatalyst has been involved with FINOM since its founding. "With stronggrowth, impressive customer retention, and support from the CVF round, webelieve FINOM is well-positioned to push ahead with ambitious expansion plansacross Europe," said Zeynep Yavuz, Partner at General Catalyst. The fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term platform currently serves over 100,000 small and medium-sized businesses acrossGermany, France, Spain, the Netherlands, and Italy. FINOM has introduced localIBAN accounts in several key European markets and reports positive uniteconomics across all territories. Despitechallenging macroeconomic conditions, FINOM doubled its revenue in 2024 andprojects similar growth for 2025. The company plans to use the new funding toenter additional EU markets and enhance localization efforts, with a goal ofachieving full Eurozone coverage by the end of the year. FINOM'splatform offers European SMEs and entrepreneurs digital banking, payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term ,invoicing, and expense tracking solutions through a streamlined interface. Thecompany operates under an Electronic Money Institution license valid throughoutEurope. Fintech Investment Slumpsto Seven-Year Low While FINOMmanaged to secure additional capital for another consecutive year, broaderfintech investment trends paint a less optimistic picture. Global fintechfunding dropped to $95.6 billion across 4,639 deals in 2024— itslowest level since 2017 , according to KPMG’s Pulse of Fintech report. Thedecline reflects continued investor caution amid global economic uncertaintyand geopolitical tensions. Investmentlevels steadily decreased over the year, falling from $51.7 billion in thefirst half to $43.9 billion in the second. However, the fourth quarter broughta modest recovery, with funding rising to $25.9 billion from $18 billion in theprevious quarter, hinting at a potential shift toward market stabilization. Regionally,the Americas led global fintech activity, accounting for $63.8 billion across2,267 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 over1,465 transactions, while Asia-Pacific (APAC) posted $11.4 billion across 896deals. The Dutchbanking provider Finom has secured $105 million (€92 million) in growth fundingfrom General Catalyst's Customer Value Fund, the company announced today(Wednesday). The investment will support FINOM's customer acquisition strategyacross Europe without diluting existing shareholders. FINOM Raises $105 Million toFuel European Expansion Thisfunding comes more then a year afterFINOM's $54 million (€48 million) Series B round in February 2024 , whichwas co-led by General Catalyst and Northzone. The Amsterdam-based fintech hasnow raised approximately $200 million since its 2020 launch. Unlikeconventional growth equity, General Catalyst's Customer Value Fund takes ondownside risk, allowing FINOM to finance customer acquisition efforts whilepreserving equity and autonomy. "HavingGeneral Catalyst as our partner is a huge win for FINOM," said KosStiskin, FINOM's Chairman and Co-Founder. "They understand our business deeply and are fundinggrowth in a way that preserves our equity. With their support, we canaggressively expand across Europe." 100KClients and Higher Revenue GeneralCatalyst has been involved with FINOM since its founding. "With stronggrowth, impressive customer retention, and support from the CVF round, webelieve FINOM is well-positioned to push ahead with ambitious expansion plansacross Europe," said Zeynep Yavuz, Partner at General Catalyst. The fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term platform currently serves over 100,000 small and medium-sized businesses acrossGermany, France, Spain, the Netherlands, and Italy. FINOM has introduced localIBAN accounts in several key European markets and reports positive uniteconomics across all territories. Despitechallenging macroeconomic conditions, FINOM doubled its revenue in 2024 andprojects similar growth for 2025. The company plans to use the new funding toenter additional EU markets and enhance localization efforts, with a goal ofachieving full Eurozone coverage by the end of the year. FINOM'splatform offers European SMEs and entrepreneurs digital banking, payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term ,invoicing, and expense tracking solutions through a streamlined interface. Thecompany operates under an Electronic Money Institution license valid throughoutEurope. Fintech Investment Slumpsto Seven-Year Low While FINOMmanaged to secure additional capital for another consecutive year, broaderfintech investment trends paint a less optimistic picture. Global fintechfunding dropped to $95.6 billion across 4,639 deals in 2024— itslowest level since 2017 , according to KPMG’s Pulse of Fintech report. Thedecline reflects continued investor caution amid global economic uncertaintyand geopolitical tensions. Investmentlevels steadily decreased over the year, falling from $51.7 billion in thefirst half to $43.9 billion in the second. However, the fourth quarter broughta modest recovery, with funding rising to $25.9 billion from $18 billion in theprevious quarter, hinting at a potential shift toward market stabilization. Regionally,the Americas led global fintech activity, accounting for $63.8 billion across2,267 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 over1,465 transactions, while Asia-Pacific (APAC) posted $11.4 billion across 896deals.