FINOM, a leading European digital banking solution for SMEs and entrepreneurs and official Visa card partner, today announced the launch of local IBAN accounts in Spain, marking a significant milestone in its ongoing expansion in the Spanish market. Following the company's recent successful launch of local IBAN accounts in France and Italy, this marks another significant milestone in FINOM's mission to simplify financial management for small and medium-sized businesses across Europe.

The launch of local IBAN accounts for Spain complements FINOM's existing offerings of banking services, competitive FX rates, and robust account payables and receivables capabilities. 

FINOM's growth in Spain since launch in March has been marked by several strategic initiatives. The company has established a local office in Barcelona and significantly expanded its team to serve the Spanish market better. FINOM has hired 79 new employees for its Spanish operations in a notable boost to its operations, constituting approximately 20% of its total workforce. This investment in local talent and infrastructure underscores FINOM's commitment to understanding and meeting the unique needs of Spanish businesses.

"Our commitment to Spanish entrepreneurs and businesses guides our steps in empowering SMEs with the financial tools they need to thrive," said Victor M. Sanz Nuñez, Head of FINOM in Spain and MLRO. "This dedication also helps us recognize that Spanish businesses have unique needs and preferences that require tailored financial solutions to manage their finances efficiently and focus on growing their businesses."

Spanish businesses and entrepreneurs can now enjoy enhanced financial services, including faster transactions, improved integration with local payment systems, and streamlined banking operations. Additionally, FINOM issues free virtual and physical business cards powered by VISA, providing Spanish SMEs with a comprehensive suite of financial tools to manage their expenses efficiently and securely.