Finom Raises €50M in Series B Funding Led by General Catalyst and Northzone

We are excited to announce our recent achievement: a successful Series B financing round worth €50 million in funding. This significant milestone was a collaboration between the top-tier global investment companies General Catalyst and Northzone. As a result, more than €100 million has been raised in total by Finom since the company’s formation. With notable portfolio investments in Airbnb, Hubspot, Canva, Kayak, and Stripe, General Catalyst has been a resolute supporter of Finom since its seed stage. As a new partner, Northzone, which has invested in popular companies such as Spotify, Klarna, Personio, and Trustpilot, joined in this financing round. Cogito Capital, Entrée Capital, FJLabs, s16vc, and Target Global, firms that were already investors, also participated in the round. These funds represent a substantial capital injection, and they came to Finom following the successful demonstration of our pan-European business model in 2022-23. With this money, we are now strategically executing our growth to improve our product offerings to help shape the future of financial services for small and medium-sized businesses in Europe.

Is an invoice a receipt?

Invoice vs. Receipt: The Basic Differences

What’s the main difference between a receipt and an invoice? We’ll clearly define in which cases a business needs an invoice and in which receipts are needed.

2 mins