Skip to main content
All CollectionsUpdate to Finom XUpdate from Solaris to Finom X All you need to know about Finom X
What is Finom X and what it can offer ?
What is Finom X and what it can offer ?
Elena avatar
Written by Elena
Updated over a month ago

Finom X is our latest project, designed to unlock new features and services to better support your business.

This project is a migration, and you’ll be guided through a simple step-by-step process to transition your account to Finom X. Once the migration is complete, you can immediately start benefiting from our new offerings without any interruptions.

Finom’s own licence

Finom (Finom Payments B.V.) holds an Electronic Money Institution (E.M.I.) licence. This licence grants Finom the right to issue electronic money and provide payment services.

Previously, Finom partnered with Solaris to offer German IBANs to its customers. However, starting this year, Finom can issue German IBANs directly, further expanding its range of services and enhancing the customer experience.

By acquiring our own Finom licence and issuing new IBANs, we now have full control over our banking services, allowing us to provide you with more advanced tools, greater flexibility, and seamless service.

What does Finom X offer?

Finom X introduces a range of cutting-edge features designed to enhance and streamline your business operations:

  • Instant SEPA Transfers
    ​Send funds across the Eurozone in just 10 seconds, anytime—24/7. Your transfers are processed instantly, whether it’s day or night, weekdays, weekends, or even bank holidays.
    ​

  • Rapid International Payments
    ​Send, receive, exchange, and store funds in 18 currencies with seamless access to over 180 countries.
    ​

  • Effortless Accounting and Tax Reporting
    ​Seamlessly integrate with over 10 leading accounting services. Automate your tax reporting and manage your finances with just a few clicks, all while enjoying a fully streamlined workflow.

  • Cashback Rewards
    ​Earn up to 3% cashback on all card payments, giving you even more value with every payment made through Finom X. (Cashback availability is subject to the pricing plan)

  • Infinite Virtual Cards
    ​Issue unlimited virtual cards and up to 3 physical cards per user. Perfect for managing company expenses with ease and control.

  • Increased Monthly Limits
    ​Boost your spending power with an additional €100,000 in monthly card limits and increased ATM withdrawal limits to match your growing business needs.​

  • E-invoicing
    A free invoicing feature update, streamlining your accounting processes and ensuring compliance with the latest regulations.

  • Credit opportunities coming soon
    We started developing a feature you’ve been asking for – credit opportunities, launching in March 2025.
    ​

These enhancements come at no additional cost, allowing you to maintain your current subscription price while benefiting from powerful new tools to drive growth and expansion.

How are my funds protected in Finom?

For accounts operating under Finom’s own licence, there are legal regulatory measures of the institution providing your business account in addition to the security measures on the Finom platform and applications provided by PNL Fintech B.V., i.e. Safeguarding your account via Finom Payments B.V.:

- When you add money to your Finom account or receive payments, we ensure that the equivalent value of electronic money is placed in your account.

- It’s important to note that your Finom payment account isn’t a deposit account, which means we can’t pay you interest due to legal restrictions. But rest assured, we keep your money safe and never lend it to anyone else.

- We’ve established a separate Safeguarding Foundation, supervised by the DNB, to manage your money as safeguarded customer funds.

- We’ve partnered with reliable European banks like BNP Paribas to hold your funds. BNP Paribas is one of the largest banking groups in Europe, minimizing any risk.

- Even in unlikely scenarios, such as Finom or BNP Paribas facing bankruptcy, your safeguarded customer funds remain protected. They are not accessible to Finom’s creditors and would be returned to you under the supervision of the DNB. For more information, please refer to the Terms of Finom Payments.

For more information, feel free to explore our comprehensive Help Center, by clicking here, where you can familiarize yourself with the details of the process.

If you have any further questions or need assistance during the migration, our Customer Support team is ready to guide you through every step. You can contact us from in-app chat or by email at [email protected]

Did this answer your question?