Finom is a fintech company offering tailored banking solutions for entrepreneurs, from micro-entrepreneurs to large corporations. Established in 2019 in the Netherlands, it provides online business accounts starting at €0 per month. With plans designed for various business sizes, Finom includes features like invoicing tools and customizable prepaid cards. Its expansion into markets like France, Germany, and Italy highlights its commitment to supporting independent professionals through efficient account management and integration with accounting software.
Discover Finom: The Tailored Banking Solution for Entrepreneurs
Are you a micro-entrepreneur, sole trader, or manager of a business of any size? Finom offers a banking solution specifically designed to cater to the unique needs of independent professionals. But what exactly is this fintech all about?
Founded in 2019 in the Netherlands, Finom provides a seamless online business account service starting from 0 euros per month. Before you decide to open an account with this innovative financial technology company, let’s explore everything you need to know about Finom’s offerings and evolution, especially as it expands into international markets like France.
The Origins and Growth of Finom
Finom was established by the founders of the Russian online bank Modulbank in 2019. This fintech has since focused on delivering straightforward, secure, and effective account management solutions to businesses of all sizes. From micro-entrepreneurs to larger companies, Finom has positioned itself as a reliable partner for independent workers and organizations alike.
In order to provide its services in France, Finom collaborates with the credit institution Treezor, which enhances its credibility and market presence. Since 2020, Finom has not only ventured into the French market but has also set its sights on Germany and Italy, where it provides exclusive electronic invoicing solutions.
Flexible Business Account Options for Every Entrepreneur
Unlike many of its competitors, Finom extends its business account offerings beyond just micro-entrepreneurs and sole traders. Its online business account solutions are tailored to fit businesses of all sizes. If you are a freelancer, you can open an account for free with Finom under the Solo package, which costs 0 euros per month.
This package includes complimentary access to Finom’s invoicing tool and provides both physical and virtual Visa bank cards. For additional services, the Start plan is available for €17 (excluding tax) per month, while the Premium plan costs €40 (excluding tax) per month, offering features such as cashback on certain transactions and access for multiple users.
For small and medium-sized enterprises, Finom offers the Start and Premium plans, which share the benefit of accounting access, with Premium allowing for bulk payments. A “Corporate” plan is also available for €149 (excluding tax) per month, accommodating up to 10 users.
Large corporations have several options, including the Corporate plan for €149 (excluding tax) per month, the Enterprise package at €339 (excluding tax) per month, which includes unlimited cashback and access for 15 users, and a customizable subscription to cater to specific corporate needs.
Note: Finom customers can enjoy a 20% discount on their subscription rates by opting for annual payments.
A Comprehensive Online Banking Experience for Independents
With a diverse client base, Finom strives to support as many businesses as possible by offering a variety of useful tools and services for daily operations. Their online business accounts can be easily integrated with accounting software like Sage or Pennylane, and business accounts can be managed through Finom’s intuitive mobile app.
If you have employees, Finom enables you to create prepaid cards with customizable payment limits for them. This feature allows you to consolidate expenses and monitor them efficiently through a centralized dashboard, ensuring seamless oversight for business owners or designated personnel.
In conclusion, whether you’re just starting or managing a larger enterprise, Finom provides a modern and flexible banking solution tailored to meet the specific needs of all entrepreneurs.