finom (pnl fintech)

What finom (pnl fintech) does

Finom is a European fintech founded in 2019 by Andrey Petrov, Oleg Laguta, Konstantin Stiskin, and Yakov Novikov — four entrepreneurs who previously built one of Europe's most profitable neobanks serving 250,000+ clients. The company offers a digital business banking platform targeted at freelancers, self-employed professionals, small and medium enterprises, and companies in the process of legal registration across 10+ EU countries including Germany, France, Italy, the Netherlands, Belgium, Spain, Poland, Portugal, Austria, and Ireland. The platform provides local IBAN accounts (German, French, and Italian), e-invoicing, physical and virtual business debit cards, multi-banking aggregation, and a cashback program of up to 3% on business expenses.

Finom does not hold its own banking license; instead it operates as a licensed payment institution built on banking-as-a-service infrastructure provided by SolarisBank (BaFin-licensed, covering Germany and Italy) and Treezor (ACPR-licensed, covering France). The technical stack is integration-heavy: native connectivity to DATEV and Sorted enables automated reconciliation and direct online tax filing within the Finom app, Documi provides e-invoicing compliance and document retention, and Klarna's multibanking service lets users aggregate external accounts into a single interface. Onboarding is fully self-serve and product-led, with German IBANs issued within 24 hours of signup via web and mobile apps (iOS, Android, Huawei App Gallery).

The business model combines recurring subscription revenue from tiered tariff plans (including a €0 freelancer tier) with transaction-based revenue from interchange fees and cashback rebates funded by card-network arrangements. Go-to-market is entirely digital: a multilingual content-marketing engine (blog, SEO, app-store presence) drives organic acquisition, and distribution is exclusively through self-serve web and mobile channels. Finom is privately held, backed by Target Global, General Catalyst, and FJ Labs, and explicitly restricts US-customer onboarding under FATCA agreements.

Name

finom (pnl fintech)

Legal name

Finom

Website

https://pnlfin.tech

Company type

Private

Founded year

2019

Operating status

Operating

Short description

Finom is a European fintech that provides digital business banking accounts with local IBANs, e-invoicing, multi-banking aggregation, cashback, and accounting integrations (DATEV, Sorted) for freelancers, self-employed professionals, and SMEs across 10+ EU countries.

Ownership category

akta.pro rank

Product category

Digital Business Banking

NAICS

Activities Related to Credit Intermediation (5223)

SIC

Finance Services (6199)

akta.pro primary industry

Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)

akta.pro secondary industries

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value) (FSAGAAAD)

Keywords

• Business banking services
• Digital invoicing
• Expense management
• Accounting integrations
• SME financial services

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Marketing or Sales, Personnel, Operations, Infrastructure

Revenue model

1. Subscription / Tariff Plans: Monthly subscription fees from tariff plans — free plan (€0) for freelancers and paid plans for businesses with employees. Revenue generated from plan subscriptions.
2. Interchange and Cashback Rebates: Revenue sharing from card transactions including interchange fees and cashback programs funded by card network arrangements. Cashback of up to 3% offered to customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Finom provides digital business bank accounts with local German, French, and Italian IBANs to freelancers, self-employed professionals, SMEs, and companies under registration across ten EU countries. The account bundles e-invoicing, physical and virtual business debit cards, expense management, multi-banking aggregation, cashback rewards, and native integrations with DATEV and Sorted accounting platforms, all delivered through self-serve web and mobile apps.

Product overview

Finom is a neobank offering a unified financial platform for SMEs and freelancers. The core product consists of a digital business account with multi-country IBAN support (Germany, France, Italy) integrated with e-invoicing capabilities. Additional modules include physical and virtual business debit cards, a cashback program (up to 3%), multi-banking functionality, and online tax filing via DATEV and Sorted integrations. The platform targets freelancers, self-employed professionals, and small businesses, including companies under registration (GmbH i.G., UG i.G.), with tiered tariff plans starting at €0.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Account Digital business bank account providing local German, French, and Italian IBANs, with up to 3% cashback, international SEPA payments, and ATM withdrawals free of charge up to €10,000/month in Germany and Italy (and up to €2,000/month in France depending on plan), targeted at freelancers, self-employed professionals, SMEs, and companies under registration.
• E-Invoicing Electronic invoicing service that enables fast creation and sending of invoices with automated matching of invoices to incoming bank payments, designed for freelancers, self-employed professionals, and SMEs that need compliant, streamlined receivables.
• Business Debit Card Physical prepaid business debit card accepted at European ATMs and merchants, with fee-free ATM withdrawals up to €10,000/month in Germany and Italy and up to €2,000/month in France depending on plan, plus up to 3% cashback on all business spending.
• Company Registration Assistance service for registering German legal entities (GmbH i.G. or UG i.G.) that includes opening a Finom business account to receive authorised capital and issue account statements during the company formation process.
• Online Tax Filing Online tax declaration service, integrated with DATEV and Sorted, that enables Finom users to create and submit tax returns directly within the platform, supporting automated reconciliation and accountant-friendly workflows.

Quantifiable outcome

• Clients get paid 20% faster and save time matching invoices with bank payments

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• SolarisBankcoreTechnology or IntegrationPartnership with SolarisBank enables Finom to offer financial services in Germany and Italy, providing German and Italian IBANs. SolarisBank is a German fintech company certified and approved by BaFin as a bank, providing the regulatory and infrastructure backbone for Finom's operations in these markets.
• TreezorcoreTechnology or IntegrationPartnership with Treezor, a French fintech company approved by ACPR, enables Finom to operate in France and provide French IBANs. Treezor serves as the licensed electronic money institution providing banking infrastructure and regulatory coverage for Finom's French market operations.
• DATEVcoreTechnology or IntegrationDATEV integration allows Finom users to automatically sync accounting data and tax filings directly from their Finom business account to DATEV, a leading German accounting software provider used by accountants and businesses.
• SortedcoreTechnology or IntegrationSorted integration provides automated expense categorization and bank reconciliation capabilities, enabling Finom users to match invoices with bank payments and streamline accounting workflows.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Emerging players

• Pleo: Copenhagen-based spend management platform offering company cards, expense management, and accounting integrations for European SMBs, with meaningful product overlap in expense cards and accounting integrations served by Finom.
• Mercury: US-based digital business banking platform for startups and SMBs offering accounts, debit cards, and accounting integrations. Comparable in product architecture and SMB focus but geographically distinct from Finom.

Direct peers

• Revolut Business: Revolut's SMB/business account product targets freelancers and SMEs with multi-currency accounts, expense cards, and integrations, directly competing with Finom across multiple European markets.
• Wise Business: Wise Business offers multi-currency business accounts with local IBANs in multiple European countries and integrates with accounting platforms, competing with Finom on cross-border SMB banking and accounting workflows.
• Holvi: Helsinki-based SMB neobank offering business accounts, invoicing, and bookkeeping tools to freelancers and small businesses across the Eurozone, with similar freelancer-first positioning and accounting software integrations.
• N26 Business: N26's business banking offering for freelancers and SMEs across the Eurozone provides mobile-first accounts with expense management, competing head-to-head with Finom in Germany, France, Italy, Spain, and other shared markets.
• Qonto: Paris-based SMB neobank offering business accounts, invoicing, expense management, and accounting integrations across Europe. Finom explicitly compares itself against Qonto in its own blog content, indicating direct product overlap and competition for the same freelancer/SME segment.
• Kontist: Berlin-based fintech providing business banking and tax-optimized accounts specifically for freelancers and self-employed professionals in Germany, with accounting/tax integrations overlapping Finom's primary segment.

Broad incumbents

• bunq: Amsterdam-based licensed neobank offering consumer and business accounts across Europe. bunq operates as a licensed bank rather than BaaS-dependent, positioning it as a broader incumbent in the same European digital banking category as Finom.

Others

• Solarisbank: Berlin-based Banking-as-a-Service platform licensed by BaFin that provides the regulated infrastructure behind Finom's Germany and Italy operations. While not a direct competitor to Finom's end-customer product, Solaris also powers similar SMB/account offerings for other fintechs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about finom (pnl fintech)