Finom, an Amsterdam, The Netherlands-based digital banking platform for small and medium-size businesses, received $105.2m from General Catalyst’s Customer Value Fund (CVF).
General Catalyst’s innovative Customer Value Fund provides growth capital without diluting existing shareholders or adding company risk. CVF specifically funds Finom’s customer acquisition efforts, with repayment tied exclusively to the performance of customers acquired with this capital. This means General Catalyst assumes the downside exposure if these new customer cohorts don’t perform as expected.
With this latest non-dilutive growth investment, total capital raised approaches €190m.
This new growth investment will accelerate the company’s continued expansion into additional EU markets.
Launched in 2020, Finom created an all-in-one business solution that merges accounting, financial management, and banking into a seamless, mobile-first platform.
With Finom, users can control business spending, issue as many virtual cards as they need, and securely manage payments, both domestically and internationally.
The company has expanded rapidly across key European markets, introducing local IBAN accounts in Germany, France, Italy, and Spain. Today, Finom serves over 100,000 businesses across five European countries.
FinSMEs
09/05/2025