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SMB-focused Finom Closes €115 Million in Series C Funding, Hints at New Growth Strategy
Finom, a five-year-old challenger bank based in Amsterdam, has officially closed its €115 million Series C equity round, marking another significant milestone for the fintech company. This latest funding influx brings Finom’s total funding to date to roughly $346 million.
According to CEO Andrey Petrov, the funding will be primarily used for strategic acquisitions and further product expansion. Specifically, the company plans to leverage AI technology in both its product offerings and internal operations. While discussing the implications of this round, Stiskin emphasized that Finom’s growth strategy has become even more focused on supporting entrepreneurs who are the backbone of Europe’s economy.
Finom claims to have doubled its revenue last year, demonstrating a remarkable increase in its business.
Source: techcrunch.com
