Finom is a fintech company founded in 2019, providing online business accounts, invoicing, and accounting integrations tailored for small and medium-sized enterprises (SMEs) and freelancers. The company was established by Yakov Novikov, Ivo Dimitrov, and two other entrepreneurs with extensive backgrounds in IT and banking development. Based in Amsterdam, Netherlands, Finom has raised approximately $346 million over multiple funding rounds, with notable investors including General Catalyst and Northzone.
In the past few years, Finom has seen significant advancement in its operations and market offerings:
| Attribute | Information |
|---|---|
| Founding Date | 2019 |
| Headquarters | Amsterdam, Netherlands |
| Founders | Yakov Novikov, Ivo Dimitrov |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | General Catalyst, Northzone |
| Industry | Fintech |
| Number of Employees | Approximately 505 (as of 2025) |
Finom was conceptualized to address the growing needs of freelancers and SMEs for efficient financial management tools in the wake of the gig economy's expansion. The founders identified a gap in the market for accessible banking and financial services that cater specifically to self-employed individuals and small enterprises. During its inception, Finom prioritized partnerships with prominent fintech companies such as Solaris Bank and Treezor to extend their services across Europe, eventually establishing their niche as a robust digital banking solution. Their initial funding rounds laid the groundwork for rapid growth and technological deployment.
Finom has successfully carved out a notable niche in the fintech industry:
Finom continues to strengthen its foothold as a leading fintech service provider by maintaining a comprehensive suite of tools that support SMEs' financial needs. It offers competitive advantages in terms of user-centered design, seamless integration with existing banking structures, and a robust infrastructure that ensures security and efficiency. Despite a competitive market with key players like Stripe and Flutterwave, Finom sustains its edge by focusing on localized service and customer-centric innovations.
Finom represents a significant force in transforming European SME banking through its innovative approach and comprehensive suite of services. As the company continues to evolve, its commitment to enhancing financial accessibility and efficiency underpins its strategic growth, promising a potentially transformative impact on the fintech landscape.