Finom provides a cloud‑native platform that combines a digital business account with IBAN, integrated payment processing, and automated expense management. The solution offers real‑time cash‑flow dashboards, auto‑reconciliation, compliance controls, and an open API for seamless integration with accounting or ERP systems, targeting SMEs and freelancers.
Funding
$132.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized enterprises often rely on separate banking accounts, payment processors, and manual expense tracking tools, which creates fragmented workflows, delayed cash‑flow visibility, and increased risk of compliance errors.
Solution
Finom delivers a single, cloud‑native platform that consolidates business banking, payment acceptance, and expense management into one digital interface. Users can open a fully functional business account with local IBANs, process card and bank transfers, and capture receipts automatically. Real‑time dashboards provide cash‑flow insights and automated reconciliation reduces manual bookkeeping. Built‑in compliance checks and multi‑user permission controls help businesses meet regulatory requirements without additional software. The platform’s open API enables seamless integration with existing accounting or ERP systems, allowing SMEs to scale their financial operations efficiently.
Target Audience
Finom targets small and medium-sized enterprises, including startups, freelancers, and growing businesses that need an all‑in‑one solution for banking, payments, and expense management.
Features
- Digital business account with IBAN, instant account opening, and multi‑currency support
- Integrated payment gateway supporting card, ACH, SEPA, and instant transfers with unified settlement
- Automated receipt capture using OCR and AI categorization for expense tracking
- Real‑time cash‑flow dashboard with predictive analytics and customizable alerts
- Auto‑reconciliation engine that matches incoming payments to invoices and expenses
- Role‑based access controls and audit logs to enforce compliance and internal governance
- Open RESTful API and webhooks for integration with accounting, ERP, and payroll systems
- Embedded invoicing tool with template library and automatic payment reminders