Finom, the fintech service for entrepreneurs and small businesses, has raised €6.5 million funding in seed round led by Target Global with participation from General Catalyst. Other investors including FJlabs, the Raisin founders Tamaz Georgadze, Frank Freund, and Michael Stephan, as well as Ilya Kondrashov, the founder of MarketFinance also participated.
Headquartered in Amsterdam, The Netherlands, the company has Russian roots and intends to use this funding to develop its product. Also the company plans to expand further into Italy and France in the summers of 2020.