Finom Review

If you’ve ever wished your business finances came with a “clean desk” button, this Finom review is for you. Finom is an all-in-one platform that combines banking, invoicing, and accounting into one clean workspace.

It’s perfect for certain businesses, but it's definitely not for everyone. Once you dive deeper, you’ll notice that Finom doesn’t operate like your usual global payment services. Tools like Ogvio, for example, come from a different angle – more global, flexible, and crypto-friendly.

After spending time with the platform myself, here’s the full breakdown so you can decide whether Finom fits your business or just another fintech you can scroll past.

Finom Review: Quick Overview

I've talked about everything you need to know on the Finom review below, from features to fees and security measures. Still, in case you're in a rush, here are Finom's key features at a glance:

Table: A quick overview of Finom

Finom’s main strengths are in its modern interface, automation tools, and focus on EU businesses. If your business runs inside Europe and you want an “everything in one dashboard” experience, Finom hits the sweet spot.

Who is Finom For?

Finom is a smart financial platform developed for freelancers and growing businesses in Europe. It has several AI-powered tools (including for customer support) and focuses on helping you with banking, invoicing, and accounting.

If I had to break down who’ll Finom suit most, here’s the list I can think of:

• Freelancers, solo entrepreneurs, and remote workers. Finom’s “Solo” plan is built just for this market, with a €0/month option, easy invoicing, and simple expense tracking. They can also make use of the platform’s multi-banking and IBAN features.
• Micro, Small, and Medium Enterprises (MSMEs). This kind of business can bulk and schedule payments, get multi-user access for team spending, and provide detailed financial reporting. Each user can get up to three physical Finom cards, depending on their plan.
• Companies under registration. Finom supports businesses that are still being registered (e.g., in Germany: GmbH in Gründung, or “company in registration”), allowing founders to open an account and deposit funds even before the company is legally “live”.

If you’re looking for a tool that keeps financial things organized, cuts down admin tasks, and grows with your business, Finom has get you covered.

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Finom Alternatives

Those living in Europe where Finom is available, or business owners who don’t mind spending money on the platform’s subscription, can enjoy the features. However, what about the people who reside in another country or want to reduce the budget for transferring money? Well, if you’re one of them, check these alternatives:

• Ogvio. This platform has a very low-fee per transaction model, unlike Finom’s subscription with per-transaction pricing. It also covers 160+ countries, giving you a broader reach to send money online. Remote workers or freelancers can use its payment link or @Tag for faster transactions.
• PayPal. PayPal has been known globally with more than 400 million active users, which can make payment collection from or to international partners more familiar. It also includes free online invoicing tools for businesses and professionals.
• Payoneer. Payoneer operates in over 190 countries. You can receive payments via local bank transfers in several currencies, then hold or convert funds directly within Payoneer.

See the pricing structure of each option to get a better understanding of what they offer:

	OGVIO	PAYONEER	PAYPAL
Overall Score	9.8	9.1	8.5
Transaction Fees	Free-to-Low	Up to 3%	Up to 5.40%
Pricing Model	Per-transaction	Per-transaction	Per-transaction
Value For Money
Verdict	A global money transfer service with an additional volatile currency rate pegging to USD or EUR.	A freelancer-friendly platform offering local receiving accounts in multiple currencies.	A trusted way to send money worldwide, though its fees are higher than newer payment apps.
	Visit site Read review	Visit site	Visit site Read review

Table: Comparison of Ogvio, PayPal, and Payoneer

Overall, these alternatives can be a better option than Finom when you’re working with clients or suppliers in countries that Finom doesn’t fully support or simply want to have a more affordable money transfer tool.

Advantages

When I first explored the platform, Finom just gave off “built-for-business-but-make-it-modern” vibes. After trying it for a while, I think these are what make Finom cool:

• Business focus;
• Modern, user-friendly platform;
• Strong security;
• Responsive and helpful AI assistant;

Finom combines banking, invoicing, and accounting tools into one platform. You can make bulk and scheduled payments using Local IBANs (France, Italy, Spain, Germany, Netherlands, Belgium) and manage both SEPA and SWIFT transfers in one place.

The multibanking feature lets you connect accounts from other banks, and the Wallets (sub-accounts) feature helps you organize funds more easily, like folders on your phone.

Then there’s Finom Accounting, which is honestly a cheat code, especially if you don’t really like handling admin stuff. This AI-powered tool simplifies bookkeeping and tax management, finishing tasks like expense categorization, invoice and receipt processing, and even supports tax planning. You can also integrate this tool with accounting platforms like Odoo, Accountable, and Debitoor.

All of this sits on top of an interface that’s actually enjoyable to use. User Finom app reviews are mostly positive because it feels modern and clean, with the main menus organized in the navigation bar, and everything else is placed on the burger icon. I also tried the website, and it feels as seamless as the mobile version.

Security-wise, is Finom safe? Generally, the answer is yes. Your financial data is protected by strong safeguards, including biometric logins, passkeys, GDPR compliance, 3D Secure, and audits from independent cybersecurity firms.

Finally, I have to talk about the AI assistant for customer support. To be honest, I wasn’t expecting to like it this much. The replies felt like chatting with a real person – friendly, direct, and with relevant links. It can also scan screenshots and tell you what the problem is, why it happens, and how you can solve it.

Limitations

Finom seems interesting with the business-focused features and intuitive interfaces. However, it’s not perfect for everyone. So, what is Finom's drawback? I think there are several points you need to be aware of:

• EU focus;
• Verification wait time;
• No 24/7 live support;
• Quite expensive.

A good MSME e-payment system^[1] should help small businesses operate on the same level as global companies without unnecessary barriers. However, the moment you hit Finom’s homepage, you can already tell this platform is built for the European market – and not even all EU countries get full access to every feature.

Budget-wise, how does Finom price look? Well, Finom isn’t exactly the “cheapest option on the menu”. There are layers of Finom fees: a fixed fee for both incoming and outgoing SWIFT transfers, no matter which plan you’re on. Moreover, you still pay a percentage fee. Businesses that deal with a lot of international transfers may find that their costs add up quickly.

	FINOM
Deposit Fees	SWIFT - €5 SEPA - free Card - varies
Withdrawal Fees	ATM - €2,000/mo; then 3-8% SEPA - free SWIFT - €5
Other Fees	Inactive physical card - €0-€1 Inactive virtual card - €0-€1 SWIFT (EUR) - €5
Card Maintenance Fees	Inactive physical card - €1/mo
Fee Transparency
Markup
	See TOP10 Brands Read review

Table: Finom pricing

Another thing to consider is that the account activation isn’t instant. Finom says it usually takes 24-72 hours, but some users report waiting 3-5 business days, which is not ideal if you’re in a hurry to get your business banking up and running.

Also, while I genuinely enjoyed the 24/7 AI assistant provided, I understand that not everyone likes talking to bots. Are you the type of person who needs a real human on the other end? Then, you may need to explore alternatives with your preferred live support.

Coverage

Finom is available across Europe, including France, Germany, Italy, the Netherlands, and most other EEA regions. It’s built for freelancers, startups, and SMEs.

Still, is Finom actually safe to use in these regions? Yes. Finom Payments BV is a licensed electronic money institution regulated by the Dutch Central Bank (DNB), which allows it to operate legally throughout the EU and EEA. This means Finom follows strict European regulatory standards for safeguarding customer funds and protecting user data.

Finom also supports international payments, enabling you to work with partners worldwide. However, the availability of international transfers depends on the type of IBAN assigned to your account:

Yes, Finom gives European freelancers and businesses access to global payments, but the exact reach still depends on your IBAN. As long as you understand these differences, I think you can have a clear picture of where you can send and receive money.

Security

Security seems to be a top priority for Finom. It uses strong authentication methods, such as two-factor authentication and biometric protections like fingerprint or face recognition.

For even smoother access, Finom supports passkeys, which let you log in using on-device biometrics, screen lock, or a USB security key, so there’s no password required. This method aims to fix common login issues^[2] by offering stronger security, reducing human mistakes, and making the authentication process more user-friendly.

You’ll also receive real-time push notifications for any suspicious activity, helping you to react quickly if something suspicious shows up. If you ever lose your device, you can instantly block your Finom card through the app. Finom also supports 3D Secure for payments, meaning transactions require a single-use password when you pay with cards, increasing protection against fraud.

Still, security isn’t only about software; is Finom safe in terms of a regulatory and operational standpoint? Yes, the platform is backed by external audits from independent cybersecurity systems. It also partners with one of the largest multinational banks, BNP Paribas, to hold your funds. On the compliance side, Finom is GDPR-compliant, with all data hosted securely within the EU.

User Experience

Finom recently won the Global BankTech Award for Best SME Banking Solutions Provider 2024, and the recognition reflects the quality of its features and how seamless the overall user experience feels. So, how does Finom work that it eventually deserved such acknowledgement?

One thing I appreciate is how transparent Finom is about its availability. The homepage clearly lists all supported countries, and the sign-up flow automatically stops if you’re outside the service area. This saves time and prevents users from going through an onboarding process they ultimately can’t complete.

After creating an account, Finom automatically assigns a dedicated email address. Any invoices, receipts, or financial documents forwarded to this address are instantly added to your Finom workspace, which is convenient for keeping your records organized. You can also start creating and sending invoices right away.

There’s no identity verification required during initial setup, and you’re free to register with a phone number that doesn’t match your business country, which adds flexibility during onboarding.

Yes, applying for Finom can happen quickly, but the setup generally takes 24 to 72 hours after you submit your application, though in some cases it may take 3-5 business days until you can access the full features. As part of the onboarding process, you’ll need to complete identity verification, which includes:

• Scanning your ID or passport
• A selfie check with face-matching
• A short head-movement verification

Depending on your business type, Finom may also request additional documents or clarification about your activity. Any special requirements should appear as banner notifications on your main dashboard. Once verification is approved and your account is activated, you’ll receive a confirmation notification.

This setup may not be comfortable for everyone because you’re left with a bit of uncertainty during the verification window. You can use invoicing right away, but you won’t know exactly when your business account will be activated – it could be 24 hours, or it could stretch to several days if additional documents are required.

	FINOM
Mobile App	Android/iOS
App UX
Customer Support	Email Chat
Analytics & Reporting	Spend analytics dashboards Export CSV/PDF/MT940 Bulk export
Interest / Investment / Savings Options	1 Interest rate from 1%/mo 2 Up to 1% cashback on all expenses
Extra Features	1 Personal IBAN 2 e-Invoicing 3 Expense management
	See TOP10 Brands Read review

Table: Finom user experience

But once approved, I think the experience is worth the wait. You can enjoy how easy to manage multiple wallets are under one dashboard. Each wallet gets its own IBAN, transaction history, and settings page, which gives you more control over how you manage your money.

From the dashboard, switching between wallets also takes just one click. You can instantly see the balance of each wallet, top up funds, make payments, download statements, or review the full transaction history. Overall, the interface is clean and well-structured. In fact, most Finom app reviews from users are positive.

Customer Support

Finom doesn’t offer 24/7 customer support. If you need help from a human agent, they’re available Monday to Friday, from 9:00 to 18:00 CET. Outside these hours, support is handled by Fin, their AI assistant.

When agents are offline, you’ll see a message explaining that you’re now chatting with Fin. It also tells you what to do if your issue is urgent: you can email the team or return during business hours to speak with a person. The chat also notes that starting a new message later won’t reopen the same conversation, so you’ll need to initiate a fresh one.

I tried the AI assistant myself, and it was actually quite impressive. It gave clear answers with links to the Help Center, and when I couldn’t locate a specific menu, I uploaded a screenshot. The AI instantly identified where the menu was, why I couldn’t access it, and what steps to take next.

Fees, Exchange Rates, and Limits

Finom has a subscription-based pricing model tailored for solopreneurs, microbusinesses, and SMEs. Your plan directly influences how much you pay for international transfers, SEPA payments, and currency-related fees. Below is a simplified breakdown of Finom fees, specifically for sending money globally:

Table: Finom pricing plans

Once you sign up, you can explore the platform right away using the Solo plan. If you're thinking about upgrading but aren’t sure which plan fits your needs, Finom makes the decision easier by offering every new user a 30-day free trial. This gives you full access to all features so you can test everything before committing.

If you end up liking the platform, I highly recommend choosing a yearly Finom price plan, because it automatically gives you a 20% discount on the plan price. Depending on your region and subscription tier, you may also benefit from promotional cashback offers, which can further lower your overall costs.

For international transfers, Finom lets you choose between two fee structures:

Understanding this difference is important if you work with suppliers or clients who expect exact settlement amounts or is okay to pay bank charges. In terms of the exchange rate, Finom doesn’t publicly specify its FX markup, but the percentage-based international transfer fee effectively acts as part of your total cross-currency cost.

In practice, a cross-currency transfer includes two components: the plan-based percentage fee and whatever FX margin is embedded in the conversion. Your choice between SHA and OUR will also influence how much of the third-party banking cost you absorb. Exchange rate margins may vary depending on the currency wallet you're using and the recipient’s banking network.

How to Use Finom

Do you decide to continue using Finom? If the answer is yes, let’s move on to the next part of this Finom review, where I show you how to create the account and send money internationally from the platform.

How to Create a Finom Account

Getting started with Finom is quick and beginner-friendly. Just follow these simple steps to set up your account and access your dashboard:

How to Send Money With Finom

This part of the Finom review is for users whose account is approved and who want to make international transfers with a local (non-GB) IBAN.

Finom offers the “Convert and Pay” feature directly from your Main wallet for an easy transfer process. However, you first need to top up your wallet using SEPA transfer (that’s the only option, at the time of writing), which takes up to three business days.

I’ll guide you on how to deposit your money into Finom and send it to a recipient, but this process may happen on a different day depending on your deposit’s arrival period:

Comparison to Other Money Transfer Services

In case you're not from one of the listed supported countries to use Finom or want to explore more options, consider checking these alternatives: Ogvio, PayPal, and Payoneer.

Finom VS Ogvio

Ogvio is like that minimalist friend when it comes to money transfers. Unlike Finom that offers a full business toolkit, Ogvio focuses on sending money – and it does that really simply. There’s no monthly subscription, and you only pay when you actually make a transfer, which feels fair if you're not constantly moving cash.

So, what is Finom's unique side compared to Ogvio? With Finom, you’re investing in way more than just transfers. You also get Local IBANs, bulk payments, and an AI-powered accounting tool that does heavy lifting for your expense categorization and bookkeeping.

	OGVIO	FINOM
Mobile App	Coming soon	Android/iOS
App UX
Customer Support	Email Chatbot	Email Chat
Analytics & Reporting	Spend analytics Export CSV Earnings analytics	Spend analytics dashboards Export CSV/PDF/MT940 Bulk export
Interest / Investment / Savings Options	1 Crypto swapping 2 Simple Earn	1 Interest rate from 1%/mo 2 Up to 1% cashback on all expenses
Extra Features	1 @Tag functionality 2 No freezes 3 Referral program	1 Personal IBAN 2 e-Invoicing 3 Expense management
	Visit site Read review	See TOP10 Brands Read review

Table: Comparison of Finom and Ogvio user experience

However, if you need the most straightforward sending, Ogvio is a better option. It lets you send money like sending a DM to a friend using its @Tag feature. Alternatively, you can send a payment link or transfer and receive crypto via your wallet address.

My conclusion is that going with Ogvio means you’re after a money transfer service that is budget-friendly and you make occasional international payments. Meanwhile, stick with Finom if you want your business invoicing and accounting stuff under one safe roof.

Finom VS PayPal

I think PayPal is among the OGs of international money transfer platforms. Almost everyone just gets it when someone says, “Just pay me with PayPal”. This kind of familiarity is powerful, especially when you're billing international clients who may not want to deal with IBANs.

However, I saw that PayPal’s international business fees can feel unfair with a surcharge plus a currency conversion markup that can hit 3-4%. On the other hand, how does Finom work? I think Finom might feel more “grown up” in a business context. It has a structured pricing model, and you get a bunch of business features.

	PAYPAL	FINOM
Deposit Fees	Free	SWIFT - €5 SEPA - free Card - varies
Withdrawal Fees	Bank/Card - up to 3% ATM - $2.50	ATM - €2,000/mo; then 3-8% SEPA - free SWIFT - €5
Other Fees	Card payments (non AD/HR/IS/MC) - 3.4% + fixed fee Currency conversion - 4%-4.5%	Inactive physical card - €0-€1 Inactive virtual card - €0-€1 SWIFT (EUR) - €5
Card Maintenance Fees	Free	Inactive physical card - €1/mo
Fee Transparency
Markup
	Visit site Read review	See TOP10 Brands Read review

Table: Comparison of Finom and PayPal pricing

Still, Finom is Europe-centric, while PayPal is available in more than 200 countries and territories. So if your clients are scattered across the globe, like the US, Asia, Africa, or anywhere beyond the EU region, PayPal simply fits better without you having to overthink which IBAN suits which client the most.

Overall, I might say that Finom is a good option if you want to have a more “all-in-one” tool for your business accounting. However, if your business is outside the EU, just don’t stress yourself and go straight to PayPal.

Finom VS Payoneer

While Finom focuses on the EU market, Payoneer is truly global. It’s available in more than 190 countries and territories and supports over 70 currencies. The tool also supports payments from various marketplaces, including Upwork and Amazon.

With Payoneer, you get a card, you can withdraw at ATMs, or pay vendors directly. Their model is more “free to drop in, pay per transaction”, which can be a better choice if you only need occasional transfers but still want access to the business features.

	PAYONEER	FINOM
Deposit Fees	Bank - mostly free; up to 1% SWIFT - varies Wire - varies	SWIFT - €5 SEPA - free Card - varies
Withdrawal Fees	Bank - mostly $1.50; up to 0.5% ATM - $3.15	ATM - €2,000/mo; then 3-8% SEPA - free SWIFT - €5
Other Fees	Conversion fee - up to 3%	Inactive physical card - €0-€1 Inactive virtual card - €0-€1 SWIFT (EUR) - €5
Card Maintenance Fees	Annual - $29.95	Inactive physical card - €1/mo
Fee Transparency
Markup
	Visit site	See TOP10 Brands Read review

Table: Comparison of Finom and Payoneer pricing

That said, you may need to handle multiple fees per transaction (e.g., receiving, withdrawing, and more), so Finom’s subscription plan may actually be cheaper in the long run if you send payments often.

So, if you’re 100% global and have clients or marketplaces everywhere, you may not need to think twice to use Payoneer. However, if your business is EU-based and you want cleaner bookkeeping, Finom is the way to go.

Conclusions

Based on this Finom review, you may notice that it seems like a platform designed for people who want to do the work with no extra headaches of handling admin tasks. The AI tools help, the workflows are smooth, and the layout feels refreshingly modern compared to most business banking tools.

However, Finom is Europe-centric. If your business isn’t based in the region, you’ll get blocked right at sign-up – which honestly isn’t a bad thing. At least you won’t waste time onboarding to a tool that’s not meant for you.

Scientific References

1. Kilay A.L., Simamora B. H., Putra D. P.: 'The Influence of E-Payment and E-Commerce Services on Supply Chain Performance: Implications of Open Innovation and Solutions for the Digitalization of Micro, Small, and Medium Enterprises (MSMEs) in Indonesia

2. Matzen A., Rüffer A., Byllemos M., Heine O., Papaioannou M., Choudhary G., Dragoni N.: 'Challenges and Potential Improvements for Passkey Adoption—A Literature Review with a User-Centric Perspective'.

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