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Finom

Finom is a European tech startup headquartered in Amsterdam—and we’re on a journey towards revolutionizing the financial landscape for entrepreneurs worldwide. Our mission is to develop an all-in-one financial B2B solution that integrates banking functions, accounting, financial management, and invoicing into a seamless, mobile-first platform. Over the past two years, our team has fueled exponential growth, securing $50 million in investments and propelling us into hyper-growth mode. We’re on track to become a unicorn startup by 2025, backed by global funds like General Catalyst (known for supporting Airbnb, HubSpot, KAYAK, and Stripe). Finom has expanded its reach across 10+ EU countries, with a strong presence in key markets like Germany and France. At Finom, we’re not just redefining the entrepreneurial experience—we’re empowering our employees to make a real difference. Your work matters, and your impact extends far beyond product metrics. We nurture innovation and an inspiring work environment where bold ideas thrive, prioritizing thorough research, swift implementation of solutions, and ensuring that every effort we make benefits our users, employees, partners, and our business as a whole.

Growth Trajectory

Finom plans to expand to more European countries, focusing on product development such as SWIFT transactions and further accounting software integrations to reach medium and large businesses with Corporate and Enterprise plans. They aim to innovate by developing AI-driven tools and enhancing online financial functions to attract further investment and increase market share.

Technical Challenges

Tech Stack

Online banking platformsE-invoicing servicesAccounting software integrationsMobile applications (App Store, Google Play, AppGallery, Galaxy Store)TLS-encrypted channels for data transfer

Team Size

Key Risks

Inability to open business accounts for US taxpayers due to FATCA agreement.
Competition from established financial institutions and other fintech companies.
Reliance on partnerships with SolarisBank and Treezor for banking infrastructure introduces dependency risk.
Requirement for legal representatives and beneficial owners to have valid residence permits in France or Germany may limit customer base.
Changes in regulations and industry standards, such as the reduction of the 'zelfstandigenaftrek,' could affect customer acquisition and retention.

Opportunities

Expansion to additional European countries to broaden market reach.
Further development of AI-driven financial tools and services to attract and retain customers.
Strengthening partnerships with fintech companies to expand financial service offerings.
Offering specialized services tailored to specific SME and freelancer segments.
Supporting SWIFT transactions to facilitate international payments and appeal to a broader customer base.
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