Сhallenger Finom raises another $12 million for further expansion
TechCrunch reports that fintech Finom — which provides online financial services for SMEs, freelancers, and the self-employed in Europe — has raised an additional $12 million (€10.3 million) to add to its previous Seed round of €6.5 million last April.
The total funding raised in 2020 is now €16.8 million, and this is before the company has done a Series A round. Investors include Target Global (Germany), Cogito Capital (Poland), Entree Capital (Israel), Avala Capital (Germany), Tal Capital (India), and Adfirst Ventures FJ Labs (USA).
The additional investment round will allow Finom to extend its licensed activities, develop product and enter new European markets.