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Finom, an Amsterdam-based challenger bank targeting small and medium-sized businesses (SMBs), has secured $105 million (approximately €92.7 million) in growth funding from General Catalyst's Customer Value Fund. The fintech company, which serves over 100,000 SMBs across Germany, France, Spain, the Netherlands, and Italy, plans to use the capital to accelerate its expansion throughout Europe and enhance its AI, accounting, and banking platform. In related funding news, Unblocked raised $20 million to develop AI tools that help developers understand codebases, while another startup raised $7.2 million to compete with DocuSign using AI technology. These investments reflect ongoing interest in AI-driven solutions in the cybersecurity and fintech sectors.
Oh great, another $60M for a company that scans code for vulnerabilities. Because we all know AI-generated code needs even more scrutiny. But sure, let’s throw cash at it while we embrace “vibe coding.” Read all about Ox Security and their big bucks here: https://t.co/AMX8hiB4lk.
Amsterdam-based neobank Finom raised €92.7M from General Catalyst and says it serves 100K+ SMBs in Germany, France, Spain, the Netherlands, and Italy (@bayareawriter / TechCrunch) https://t.co/SF2OfWrfZJ https://t.co/fhFUt1XezL https://t.co/ZOzeer1FAj
👏💥 Congrats to our portfolio company Finom on its $105M funding round to expand its #AI, #accounting, and #banking platform for SMBs across Europe! We’re proud to have been part of the team’s journey since the Seed round 🥇 👉 Read the full announcement on TechCrunch: https://t.co/UTBUI2AlDC
