Finom, a challenger bank aimed at SMBs, lands $105M in growth funding from General Catalyst

This Amsterdam-based digital bank for small businesses is innovating by raising €92.7 million to grow faster without cutting costs, instead adding AI-powered tools like an accounting agent and a lending engine with AI scoring. It’s already serving over 100,000 businesses in Germany, France, Spain, the Netherlands, and Italy, aiming for EBITDA profitability by 2024 through its localized services and comprehensive offerings, positioning it as a strong competitor to banks like Qonto.