Finom
SMB/freelancer banking across the EU.
- Who holds it
- An e-money institution holds your balance in a safeguarding account — E-money institution (FINOM Payments B.V., DNB Netherlands); EU/EEA passporting.
- The ledger
- The e-money institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from Finom’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · SMB & startups |
| HQ | Amsterdam, NL |
| Founded | 2019 |
| Custody | Custodial |
| Regulation type | E-money institution |
| License detail | E-money institution (FINOM Payments B.V., DNB Netherlands); EU/EEA passporting |
| Card | Visa · Business debit |
| Cashback | Up to 3% |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Europe |
| Founders | Ex-Modulbank team (Novikov, Laguta, Petrov, Stiskin) |
| Funding | ~€180M raised |
Verified links: official site ↗
Common questions about Finom
What is Finom?
Finom is a fiat neobank built for SMB & startups, headquartered in Amsterdam, NL and founded in 2019. Your money is held custodially, so Finom or its partner bank holds the balance and you hold a claim on it. It is regulated as an e-money institution (E-money institution (FINOM Payments B.V., DNB Netherlands); EU/EEA passporting).
Does Finom have a card, and where can you use it?
It issues a Visa business debit card. It is available in Europe.
Does Finom require KYC?
Yes. Finom requires identity verification (KYC) to open an account, as a e-money institution.
What does Finom cost?
From the verified fields: cashback Up to 3%. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Finom before relying on them.
Head-to-head
Finom vs Qonto · Finom vs Shine · Finom vs Vivid Money
Peers
Monzo · Wise · Starling Bank · Atom Bank · Zopa Bank · Chase UK
Finom appears in
Neobanks authorised as e-money institutions (48) · Neobanks available in Europe (144) · Neobanks for small businesses and startups (33) · Neobanks that issue a Visa card (182)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.