Nomo

Nomo, established in Barcelona in 2018, operates as a comprehensive financial and accounting management platform tailored for freelancers and small to medium-sized enterprises (SMEs) in Spain. The company originated within InnoCells, the corporate venture arm and digital innovation hub of Banco Sabadell, Spain's fourth-largest bank. It was conceived to address a gap in the market for digital banking services specifically designed for the country's over 3.2 million self-employed workers.

The platform provides an all-in-one digital solution to streamline business administration. Its core functionalities include the creation and management of invoices and budgets, digitalization of expenses through photo capture, real-time tax forecasting for VAT and IRPF, and bank reconciliation by linking to business bank accounts. Nomo operates on a subscription-based model, offering different plans that bundle these tools. Beyond the core software, the platform integrates a marketplace of third-party services, such as medical insurance, tax advisory, and savings products, aiming to be a holistic resource for its clients.

Nomo's journey includes a significant funding milestone in January 2021, when it secured a €2.5 million ($3.04M) Series A investment from its parent, Banco Sabadell, to fuel its growth. This investment underscored the bank's strategy to enhance its value proposition for the growing segment of self-employed professionals. A pivotal moment in the company's history occurred on June 30, 2022, when it was acquired by Talenom, a Finnish accounting firm. The acquisition was an asset deal that allowed Talenom to gain a strategic foothold in the Spanish market, leveraging Nomo's established platform and customer base of approximately 60,000 users. Following the acquisition, Nomo continues to operate from Barcelona under its own brand as a Talenom subsidiary, with its team of around 25 employees focusing on expanding its service portfolio within Spain.

Keywords: financial management, accounting software, freelance tools, SME finance, invoicing, expense tracking, tax preparation, digital banking, FinTech, business management, subscription model, SaaS, Banco Sabadell, Talenom, Spanish market, self-employed, gestoría digital, business administration, expense management, invoice management