Finom announced extending its series A investment round with $12 million.

Finom, an Amsterdam, UK-based startup providing a mobile-first B2B  financial services access, announced that it secured fresh funding of $12 million.

The funding round represents an extension of a €6.5 million funding round announced in April 2020. The money was raised from investors including Target Global, Cogito Capital, Entree Capital, Avala Capital, Tal Capital, Adfirst Ventures, FJ Labs and Raisin founders.

The money will be used for aggressive growth across Europe, as the company seeks to extend its licensed activities, develop product and enter new European markets.

Finom, founded in 2019 by two Russians from Amsterdam - Iakov Novikov and Konstantin Stiskin, provides a mobile-first app aimed to help small medium businesses or freelancers get rapid access to accounting, financial management and banking functions. Customers can set up an online account, with access to management of the accounts payable and account receivables.

FInom is currently available in Italy.