Finom, an Amsterdam-based digital bank for small- and medium-sized businesses, has raised €92.7 million (roughly $105 million) in a growth investment from General Catalyst’s Customer Value Fund, the company tells TechCrunch exclusively.
The capital infusion “will be used exclusively and only for growth” and not for operational expenses or product development, Kos Stiskin, Finom’s chairman and co-founder, told TechCrunch. He described it as a non-traditional funding round in which General Catalyst doesn’t take any equity.
“[O]ur…