Finom secures €6.5 million in a seed funding round led by Target Global, with participation from General Catalyst.

Finom, an Amsterdam, The Netherlands-based SAAS developer for the B2B financial industry, announced securing a €6.5 million ($7M) seed funding round

The money was raised from a range of European investors led by Target Global, with participation from General Catalyst, FJ Labs, Tamaz Georgadze, Frank Freund, Michael Stephan and Ilya Kondrashov.

Finom, founded in 2019 by two Russians - Iakov Novikov and Konstantin Stiskin, developed 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 active in Italy, and expects to make its service further available in France and Germany.