FINOM Extends Footprints to Netherlands

FINOM, a mobile-first financial management platform for small and medium-sized enterprises (SMEs) and freelancers, has launched in the Netherlands.

In order to launch within the Dutch market, FINOM has activated its E-money license in the Netherlands to focus on delivering qualitative onboarding and customer services. Headquartered in Amsterdam, FINOM was already having a presence in the Netherlands. However, the company decided to take the longer route of acquiring an electronic money license granted by De Nederlandsche Bank (DNB) in November 2021, instead launching into other European markets first.

The announcement marks another step in the company's growth plan, having recently launched into the UK and becoming a reliable financial services app for professionals and SMEs in Germany.

Having started with bigger countries such as France and Germany, FINOM now seeks to gradually showcase its practicality and presence across Europe, expanding its product offering in Italy by the end of 2022, while launching in five more markets by the end of 2023, including Poland, Spain, Austria, Portugal, and Belgium.

(Source: The Paypers)