Read it inside the neobank map and the business-account guide. Primary evidence: DNB register entry for FINOM Payments B.V..
Finom is an Amsterdam-based electronic money institution serving small businesses and freelancers across the EEA. It is not a deposit bank: the licence, safeguarding model, fees and onboarding scope below are given as of August 2026 and should be rechecked before opening an account.
Legal and operating perimeter
The DNB register records FINOM Payments B.V. as an electronic money institution from 11 November 2021, with payment and e-money services passported across the EEA.
The licence and money-protection parameters are set out below.
| Licence holder | FINOM Payments B.V. |
|---|---|
| Regulator | De Nederlandsche Bank, WFTEG register section |
| Status | Electronic money institution since 11 November 2021 |
| Register number | R180074 |
| Perimeter | E-money issuance and payment services, passported across the EEA |
| Client money | Segregated at BNP Paribas under a Safeguarding Foundation supervised by DNB; no state deposit guarantee |
| Outside the EMI | Credit through Finom Growth B.V.; Interest Wallet through Aksys Global Markets Europe Ltd under MiFID II |
Product and pricing
A refreshed plan line-up took effect on 3 September 2025; German prices as of August 2026 (finom.co/pricing, per month, annual billing takes 20% off):
- Solo — €0: one user, a local IBAN, a virtual card and €2,500 of free monthly SEPA volume — a genuinely free tier, rare in this segment;
- Basic — €7–8, Smart — €17–19: physical VISA cards, 1–3% cashback, €25,000–50,000 of free SEPA transfers, two or more users;
- Core — €34–38, Pro — €119–149, Grow — €249–339: up to 10–15 wallets with separate IBANs, unlimited SEPA at the top, a dedicated manager and priority support.
A notable difference from Qonto: free allowances are counted in payment volume, not in the number of transfers. International payments cover 17+ currencies and 150+ countries, with fees from 1% on Solo down to 0% on Grow; a German IBAN is promised within 24 hours; e-invoicing supports XRechnung and ZUGFeRD — now that receiving e-invoices is mandatory in German B2B, that is compliance rather than decoration. Under the German transition timetable, businesses had to be able to receive structured e-invoices from 1 January 2025; businesses with prior-year turnover above €800,000 must issue them from 1 January 2027, and the remaining businesses from 1 January 2028.
Interest Wallet and money-market funds
The Interest Wallet advertises a 5% promotional rate for five months, then 0.25–2% per year depending on the plan, but it is not interest on the EMI balance: Aksys Global Markets Europe Ltd, a CySEC-regulated MiFID II investment firm, allocates the money to qualified money-market funds. It is not a bank deposit, rates may change and a small market risk remains. A separate Investments wallet offers MMFs with zero trading fee; the current plan table shows custody fees from 1.8% on Solo down to 0.1% on Grow.
Credit and AI accounting
Two newer floors are AI and credit. The assistant is available on all plans; in Germany Finom runs AI accounting — transaction categorisation, tax estimates and filings for freelancers, the very function the company started with in Italy. The Dutch credit product is provided by the separate Finom Growth B.V., not by the EMI. Its current terms set out the line as follows.
| Amount | Revolving line of €2,000–50,000 |
|---|---|
| Rate | 1–1.9% per month |
| Repayment | Six months for each draw |
| Line term | Indefinite |
Customers with less than three months of Finom activity must connect multibanking to apply.
Licence: an EMI, not a bank
The legal core is FINOM Payments B.V., an electronic money institution authorised by De Nederlandsche Bank on 11 November 2021 and passported across the EEA. Client money does not sit "at Finom": it is segregated at BNP Paribas under a dedicated Safeguarding Foundation supervised by DNB. That is standard EMI safeguarding: if the platform fails, funds are separated from its balance sheet, but there is no €100,000 state deposit guarantee as in a bank — an e-money account is formally not a deposit and pays no interest by itself.
Germany: the Solaris exit
Germany was the special case. Historically German accounts ran through Solaris SE, a fully licensed bank with German deposit insurance; from July 2025 Finom moved that base onto its own licence, and by 2026 the migration is complete — all Solaris accounts are closed, and clients received new IBANs and cards on the Finom X infrastructure. The motive is plain: your own licence removes the partner's margin and the dependence on someone else's compliance — Solaris itself was winding down BaaS contracts across Europe at the time, context covered in BaaS and EMI in Europe. The price is visible too: German clients traded deposit insurance for safeguarding, and re-papering a whole country's account details always costs part of the base. As an industry precedent it is a ready-made case study of the "BaaS partner versus own licence" fork — together with the choice of regulator, where the heavyweight DNB competes with the faster and cheaper Lithuanian route.
Competitive context
The nearest benchmark is Qonto: over 600,000 customers, profitable since 2023, and a French banking-licence application filed with the ACPR in July 2025. Finom is several times smaller and runs the opposite way: no public bid for a banking licence, a bet on the light EMI model, free entry (Qonto's cheapest paid plan is €9) and tax-and-accounting depth in each market. From above presses Revolut Business — a group with a Lithuanian banking licence, a record $2.3 billion profit for 2025 and B2B declared a priority: against its scale and multi-currency stack, local players win on service and localisation. The wider segment is mapped in the neobanks overview; the regulatory backdrop for all three is being redrawn by PSD3 and the PSR, which will tighten requirements for payment institutions and EMIs towards 2027–2028.
The EU business-account table in the neobanks overview (section "Business accounts in the US and the EU") sets Finom next to Qonto, bunq Business, Revolut Business and N26 by licence, protection of the balance, where the company must be registered and entry price. On that grid Finom has the widest price ladder and a free entry plan; like every non-bank there, it gives safeguarding and no deposit scheme.
Finom's weak spots are equally visible from here: one million customers by end-2026 against 200,000 in August reads more like a slogan, lending is confined to the Dutch pilot, and without a banking track deposit protection will not arrive in the medium term either.
Onboarding
Accounts open for businesses from the countries of presence: companies and freelancers in Germany, France, Italy and Spain get local IBANs, while the Netherlands, Belgium and several other EEA countries get a Dutch IBAN. A non-resident holding company without an EU entity has no direct route in: the practical path is an account for the group's operating subsidiary in a country Finom serves.
Verification and documents
For Finom's BIC FNOM onboarding flow outside Germany, the identity-verification guide describes online checks via Sumsub: passports, ID cards and driving licences are accepted; a residence permit works as an identity document only if issued by one of ten countries — the Netherlands, France, Spain, Portugal, Belgium, Austria, Ireland, Malta, Cyprus and Latvia. The guide lists document types, not blanket account eligibility by nationality; Germany has separate guidance. Russian or Belarusian applicants with EU residence should confirm current eligibility and required documents for the relevant country and Finom entity. An accepted type of ID is not an account-opening guarantee; applicable sanctions and the individual onboarding checks remain relevant.
The language question is settled unexpectedly for a project with these roots: the interface and support run in seven languages — English, German, French, Italian, Spanish, Dutch and Polish; Russian is not among them. Finom does not open personal accounts — for private needs see the guide to personal accounts abroad.
Where Finom fits in a structure
In a business owner's structure Finom naturally takes the slot of the operating account for a young company — the free Solo tier covers a GmbH's or SASU's ramp-up period before turnover justifies a subscription — or of a second account alongside a classic bank. Large balances belong where deposit insurance exists, while an EMI should hold working liquidity: not distrust of this particular service, just hygiene for working with any non-bank.
Q/A
Is Finom a bank?
No. FINOM Payments B.V. is an electronic money institution (EMI) supervised by the Dutch DNB. Client funds are segregated at BNP Paribas via a dedicated Safeguarding Foundation, but the €100,000 state deposit guarantee does not apply. German accounts ran through Solaris bank until the 2025–2026 migration; after the move to Finom's own licence, deposit insurance gave way to safeguarding mechanics.
How much does Finom cost?
In Germany as of August 2026: Solo is free, Basic €7–8, Smart €17–19, Core €34–38, Pro €119–149, Grow €249–339 per month; the range reflects annual versus monthly billing. Free SEPA volume runs from €2,500 on Solo to unlimited on the top plans, and card cashback reaches 3%.
Will Finom open an account for a Russian or Belarusian passport holder with EU residence?
Finom's identity-document guide does not establish blanket eligibility for every nationality or passport. It describes document types and residence-permit issuing countries for a specified onboarding flow; Germany has separate guidance. Confirm current eligibility and required documents for the relevant country and Finom entity. Acceptance of a type of ID does not guarantee account opening; the final decision follows the applicable sanctions and individual onboarding checks.
Does Finom offer support in Russian?
No. Despite the team's roots, the product officially runs in seven languages — English, German, French, Italian, Spanish, Dutch and Polish. There is no Russian-language interface or support line.