TechCrunch
•82% Informative
Finom, a European challenger bank aimed at SMEs and freelancers, has raised $54 million in a Series B equity round of funding.
Founded out of the Netherlands in 2019 , Finom lets businesses open up an online bank account in minutes and receive an IBAN (International Bank Account Number) to support cross-border transactions.
Finom touts its core selling point as being a “fully integrated” product spanning banking, payments, invoicing, expense management, accounting, and tangential services such as business registration.
At the time of writing, the startup claims 85,000 customers in Germany , Spain , France , Italy , and the Netherlands .
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