Finom Review
Best for invoicing & cashback · Founded 2019 · Amsterdam, Netherlands
Overview
Finom positions itself as the complete financial toolkit for European businesses, merging banking, invoicing, and accounting automation into a single platform. Licensed as an Electronic Money Institution by the Dutch central bank (DNB) with funds safeguarded at BNP Paribas, Finom serves businesses across 10 European countries with local IBANs in Germany, France, Italy, and the Netherlands.
What sets Finom apart is its integrated invoicing engine with e-invoicing support (Italian SDI and German XRechnung/ZUGFeRD). You can create invoices, send them directly from the app, and the system automatically matches payments to invoices. Dunning letters for overdue invoices are available at EUR 5 per reminder. Combined with 19 supported currencies and SWIFT transfers on all plans, Finom covers both domestic and international needs.
Finom also offers one of the most competitive cashback programs among business banking platforms. The Smart plan delivers 3% cashback (capped at EUR 30/month), while Pro and Grow plans offer uncapped cashback at 0.5% and 1% respectively on spending above EUR 1,000. Direct integrations with DATEV, Lexoffice, Sevdesk, and Zapier (connecting to Xero, QuickBooks, Sage, and NetSuite) make Finom particularly strong for accounting automation.
Plans & Pricing
Solo
Free
- Local IBAN (DE, FR, IT, or NL)
- SEPA transfers (EUR 2,500/month free volume)
- 1 virtual card
- Basic invoicing with auto-reconciliation
- e-Invoicing (SDI, XRechnung)
- SWIFT transfers (EUR 5 + 1% fee)
Local transfers: 5/mo
International: Not included
Cards: 1
Basic
EUR 10.99 billed monthly
- Everything in Solo
- SEPA transfers (EUR 25,000/month free volume)
- 1 physical + 3 virtual cards per user
- 1% cashback (on spend over EUR 1,500, capped EUR 15/month)
- Full invoicing suite
- SWIFT transfers (EUR 5 + 0.5%)
Local transfers: 50/mo
International: Not included
Cards: 4
Smart
EUR 27.99 billed monthly
- Everything in Basic
- SEPA transfers (EUR 50,000/month free volume)
- 3 physical + 10 virtual cards per user
- 3% cashback (capped EUR 30/month)
- SWIFT transfers (EUR 5 + 0.4%)
- Multi-user access
- Priority support
Local transfers: 100/mo
International: Not included
Cards: 13
Pro
EUR 149 billed monthly
- Everything in Smart
- SEPA transfers (EUR 100,000/month free volume)
- 0.5% cashback uncapped (on spend over EUR 1,000)
- SWIFT transfers (0.2% flat)
- Up to EUR 200,000 monthly card limit
- API access
- Dedicated account manager
Local transfers: 200/mo
International: Not included
Cards: 20
Grow
EUR 339 billed monthly
- Everything in Pro
- 1% cashback uncapped (on spend over EUR 1,000)
- SWIFT transfers (0.15% flat)
- Custom approval workflows
- SLA guarantees
Local transfers: 200/mo
International: Not included
Cards: 20
Prices as of . See official pricing page for the latest rates.
Key Features
- Integrated invoicing with auto-reconciliation and e-invoicing (SDI, XRechnung)
- Cashback on card spending (up to 3% or uncapped on higher plans)
- Dunning letters for overdue invoices (EUR 5/reminder)
- DATEV, Lexoffice, and Sevdesk integration
- Zapier automation (connects to Xero, QuickBooks, Sage, NetSuite)
- Multi-currency wallets (19 currencies)
- SEPA Instant transfers
- SWIFT international transfers on all plans
Key Information
| FX Fee | 0.15–1.0% |
|---|---|
| Supported Currencies | 19+ |
| Countries Served | DE, FR, IT, ES, NL, AT, BE, PL, PT, IE |
| Target Audience | Freelancers and SMEs needing invoicing + banking |
| Founded | 2019 |
| Headquarters | Amsterdam, Netherlands |
Pros & Cons
Pros
- Best-in-class invoicing with e-invoicing and auto-reconciliation
- Competitive cashback program (up to 3% or uncapped)
- Strong accounting integrations (DATEV, Lexoffice, Sevdesk, Zapier)
- Free Solo plan with IBAN and basic invoicing
- SWIFT transfers available on every plan
Cons
- EMI license — no deposit guarantee scheme (funds safeguarded at BNP Paribas)
- Fewer currencies than Revolut or Wise (19 vs 30–40+)
- SEPA allowances are volume-based, not count-based
- Higher-tier plans (Pro, Grow) are expensive for small businesses
Finom FAQ
Does Finom provide a full IBAN?
Yes, Finom provides local IBANs depending on your registration country: German DE IBANs, French FR IBANs, Italian IT IBANs, and Dutch NL IBANs. These work for all standard SEPA operations including receiving transfers, setting up direct debits, and making payments across the European Economic Area.
How does Finom invoicing work?
Finom includes a built-in invoicing engine with e-invoicing support. You can create quotes, invoices, and credit notes, send them to clients with "Pay now" links and SEPA QR codes, and the system automatically matches incoming payments to open invoices. e-Invoicing is supported for Italian SDI and German XRechnung/ZUGFeRD. Dunning letters for overdue invoices are available at EUR 5 per reminder.
What is Finom cashback and how much can I earn?
Finom offers cashback on card purchases that varies by plan: Solo has no cashback. Basic offers 1% on spending above EUR 1,500 (capped at EUR 15/month). Smart offers 3% (capped at EUR 30/month). Pro offers 0.5% uncapped on spending above EUR 1,000. Grow offers 1% uncapped on spending above EUR 1,000. The cashback is credited to your account monthly.
Can my accountant access my Finom account?
Yes, Finom supports direct integrations with DATEV (including Belegbilderservice), Lexoffice, and Sevdesk. It also connects via Zapier to Xero, QuickBooks, Sage, and NetSuite. Data can be exported in PDF, MT940, CSV, and DATEV formats for seamless bookkeeping.
Head-to-Head Comparisons
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