EU Sovereignty Score
EU sovereignFintech & NeobanksHeadquarters: NL

Finom: sovereignty score and 8 European alternatives

Finom is a fintech company that offers business accounts to freelancers, self-employed people and small and medium-sized businesses. The platform combines an account with an IBAN and SEPA payments with cards, invoicing and e-invoicing, expense management, currency exchange and integrations with accounting and tax software such as DATEV. In the Netherlands it also offers credit lines. Accounts are available to businesses in countries including Germany, France and Italy; the product is delivered as an online service through web and app.

Finom is headquartered in Amsterdam and was founded in 2019. It operates under an electronic money institution licence and is not a bank. In Germany and Italy it relies on the partner bank Solaris, in France on Treezor. Venture capital investors fund the company; no controlling parent company is named. The software is proprietary and available only as a managed service, without self-hosting. For European organisations this means a payment service under European supervision, with several parties in the chain.

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Sovereignty score
71 / 1000 = high exposure
100 = sovereign
  • Jurisdiction SOV-2100
    Headquartered in the EU: European law applies
  • Data residency SOV-3100
    EU-only hosting
  • Cryptographic key sovereignty SOV-360
    Key management with a European vendor
  • Freedom from lock-in SOV-640
    Closed source: switching requires data migration
  • Source & runtime sovereignty SOV-4 · SOV-655
    Closed source, runtime with the vendor

SOV codes: the matching objective in the European Commission's Cloud Sovereignty Framework. Official source

How the score is calculated

Facts and evidence

Last checked October 2, 2026
HeadquartersNL (EU)Verified by hand
Sovereignty modelVendor-hosted (EU)Verified by hand
Data hostingEUVerified by hand
Open-sourceNoVerified by hand
GDPR-compliantYesVendor-stated
Hosting signalCLOUDFLARENET - Cloudflare, Inc., US (US)Technically measured
CategoryFintech & Neobanks
TypeProduct
Websitefinom.co ↗

The hosting signal shows the network that serves the vendor's website, often a CDN, and not necessarily where the service or your data is hosted. How we verify · Something wrong? Suggest a correction

Top EU-based & GDPR-compliant alternatives to Finom

The European alternatives to Finom come from our knowledge base of over 6,200 vendors. We only list vendors headquartered in the EU or the EEA; fully European-owned vendors rank before vendors with a foreign owner. For each alternative you see the country, the open-source status and a short description.

Score per alternative: 0 = high exposure, 100 = sovereign

116 European Fintech & Neobanks vendors are in the catalogue. View the whole category · Submit an alternative · View category on the map

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Why digital sovereignty matters with Finom

Finom is headquartered in NL and therefore falls under European law: the GDPR, NIS2 and the Data Act. No foreign legislation can compel access to your data.

Data is hosted exclusively in the EU, so Finom scores best on data residency.

Finom is closed source and hosted by the vendor. The encryption keys and the runtime sit with the vendor and switching requires data migration. Ask about bring-your-own-key, export options and open standards.

What this means for your organisation depends on your whole stack and context. The free assessment weighs Finom together with your other vendors and gives a total score, a heatmap and the main risk drivers.

Frequently asked questions

What is the best European alternative to Finom?

It depends on your use case. Strong EU alternatives to Finom include 1822direkt, ActivoBank and Air Bank. On this page you can compare 8 EU alternatives by jurisdiction, data residency and open-source status.

Are there open-source alternatives to Finom?

Our list of EU alternatives to Finom is mostly commercial options. Browse the category on the map for open-source choices.

Is Finom GDPR-compliant and where is the data hosted?

Finom is headquartered in NL (EU) and hosts data in EU. That makes Finom an EU-sovereign choice in its own right; the EU alternatives on this page are comparable European tools.

Details and sources

Verified by handHeadquarters, owner, hosting locations and licence have been checked by us against public sources. Free of charge and for every vendor, not a paid label. Nothing in this knowledge base is taken over automatically. Last checked on October 2, 2026.

Sources

Public sources used in the latest check of this record.

Compliance evidence

The links below point to the vendor's own public documents. We only record what we found: a missing link means "not found publicly", not "not compliant".

No public compliance evidence has been recorded for this vendor yet. Do you know its DPA or subprocessor list? Something wrong? Suggest a correction

Digital sovereignty in Fintech & Neobanks

Fintech & Neobanks: Digital banks, neobanks, money transfers and fintech services. In this category the choice of vendor determines who has legal access to your data, where that data lives and how easily you can switch later.

Also in this category

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8 European alternatives to Finom — GDPR-compliant & EU-hosted · EU Sovereignty Score