Finom, a European challenger bank for SMEs, raises $54M | TechCrunch

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 .