Finom, a neobank serving SMEs and freelancers, has raised EUR 50 million (~USD 53.5 million) in a Series B funding round co-led by Northzone and General Catalyst, with participation from Target Global, Cogito Capital, Entrée Capital, FJLabs, and S16vc. This brings the company's total raised funds to EUR 66.8 million (~USD 71.5 million).

It aims to utilize the fresh funds to expand its services and reach across Europe. Its goal is to encompass the entire Eurozone by the next year and prepare for localization in new markets.

Established in 2019, Finom provides alternative banking for SMEs and freelancers, offering swift online account openings with IBANs for cross-border transactions. At present, the neobank serves over 85,000 customers across Germany, Spain, France, Italy, and the Netherlands.