Fintech in 5 - 50,3 € raised by just 2 (!!) European Fintechs

Hey 👋,

Welcome back to Funded - the weekly edition of Fintech in 5 that goes through all the fundraising activity in European Fintech.

Extremely short newsletter this week as just 2 (!!) Fintech deals were made in Europe last week for a total of 51,3M €. That being said, there’s been lots of interesting news so make sure you are look out for the normal edition of Fintech in 5 coming later this week.

Let’s dive in 👇

In This Edition:

• 🏆🇳🇱 Finom Raises €50M Series B to Expand Digital Banking for SMEs Across Europe

• 🥈🇸🇪 Kameo Secures €1.3M Funding to Enhance Scandinavian Real Estate Investment Platform

🇪🇺 Top Deals in Europe Last Week

🏆🇳🇱 Finom Raises €50M Series B to Expand Digital Banking for SMEs Across Europe

• Finom, the neobank for SMEs from the Netherlands, has secured €50 million in Series B funding to enhance its banking services for SMEs and freelancers, emphasizing the demand for specialized financial services in a sector still largely dominated by traditional banks.

• The funding will support Finom's product improvement, marketing efforts, and expansion of accounting services, aiming for comprehensive coverage of the Eurozone by next year, with the platform currently serving 85,000 customers in Germany, Spain, France, Italy, and the Netherlands.

• With a total capital raised over €100 million, Finom plans to deepen its market penetration in the EU's SME banking sector, leveraging its unified platform to offer online banking accounts, cross-border transactions, expense management tools, and software integrations, all underpinned by its EMI license allowing operation across the EU.

🥈🇸🇪 Kameo Secures €1.3M Funding to Enhance Scandinavian Real Estate Investment Platform

• Kameo, a Scandinavian real estate investment platform, has received a €1.3 million investment from Incore Invest as part of a larger €2.7 million share issuance, aimed at enhancing its alternative lending platform for property development investments.

• With over 65,000 investors, Kameo offers a marketplace for loans to property developers, facilitating accessible investments in secured real estate loans and aiming to double the value of facilitated loans in the coming years.

• The investment will be used to improve Kameo's platform and expand its services, with plans to make high-quality property investments more accessible to a wider audience, supported by the strategic expertise of Nicolai Chamizo joining Kameo’s board.

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Have a great rest of your week,

Benjamin