FINOM, a European digital financial platform for small and medium-sized businesses, today announced a €92.3 million ($105 million) growth investment from General Catalyst's Customer Value Fund (CVF). This investment deepens General Catalyst’s long-standing partnership with FINOM and builds on its existing board role, bringing added strategic and operational support as the company scales.

This investment follows FINOM’s €50 million ($54 million) Series B in February 2024, co-led by General Catalyst and Northzone, bringing its total funding to nearly €190 million ($200 million) since launch.

Unlike traditional growth capital, General Catalyst's growth investment allows FINOM to finance their investment on acquiring customers without diluting shareholders or taking on additional risk, as GC assumes the downside exposure.

"Having General Catalyst as our partner is a huge strategic win for FINOM," said Kos Stiskin, FINOM's Chairman and co-founder. "GC's Customer Value Fund is not just about injecting capital – it's about injecting expertise and alignment. They understand our business deeply and are funding growth in a way that preserves our equity and autonomy. With GC's support, we can aggressively expand across Europe, knowing we have a partner who shares our vision and is truly invested in our success."

“We have been investors in Finom since its founding and are excited to deepen our partnership. With strong growth, impressive customer retention, and support from the CVF round, we believe Finom is well-positioned to push ahead with ambitious expansion plans across Europe,” added Zeynep Yavuz, Partner at General Catalyst.

Since its launch in 2020, FINOM has expanded across key European markets, introducing local IBAN accounts in Germany, France, Italy and Spain. The company attributes strong adoption and customer satisfaction to a localized product with a seamless user experience.

The Amsterdam-based company doubled revenue in 2024 and expects to sustain that pace in 2025, despite a softer macroeconomic environment. FINOM now serves over 100,000 businesses across Germany, France, Spain, the Netherlands, and Italy. It reports positive unit economics in all markets, with healthy customer lifetime value relative to acquisition costs.

The new funding will support FINOM’s expansion into additional EU markets, along with deeper localization and scaled customer acquisition. The company remains focused on sustainable growth, maintaining strong unit economics and high customer satisfaction as it works toward full Eurozone coverage by the end of 2025.