Finmo, an all-in-one Treasury Operating System (TOS), announced an oversubscribed $18.5 million Series A funding round, bringing the total funding to $27 million. This funding validates the growing demand for an innovative approach to modern treasury management.
Finmo plans to accelerate its product development, invest in AI capabilities, and expand its global reach with the new funding round. The company aims to continue delivering cutting-edge solutions that improve operational efficiency and empower organizations to make informed financial decisions by harnessing the power of its treasury operating system.
This funding round was co-led by prominent investors Quona Capital and PayPal Ventures, with participation from Citi Ventures. Known for their investment focus on cutting-edge fintech companies, these investors’ support strongly validates Finmo’s value proposition. Finmo offers a unified platform that addresses the complexities of modern treasury operations.
The Finmo TOS was uniquely designed to address the need for effective treasury management in a global context. It streamlines payment processes, enhances cash flow visibility, manages FX risks, ensures compliance, automates manual tasks, and optimizes financial decision-making, including excess liquidity management. And with features such as real-time payment capabilities, modular design for scalability, and a strong emphasis on regulatory compliance, Finmo empowers organizations to optimize their cash management, enhance liquidity, and mitigate financial risks all within a single platform.
Nowadays, organizations are global players that demand integrated solutions to streamline their treasury functions. Finmo was developed with a first-hand understanding of what treasurers and CFOs need, ensuring that the platform addresses real-world challenges faced by finance professionals today.
KEY QUOTES:
“We are thrilled to have the support of esteemed investors such as PayPal Ventures, Quona, and Citi Ventures. This funding validates our vision of transforming how global businesses manage their treasury function and enables us to scale our platform, enhance our technology further, and expand into new markets. Underpinning all these developments will be our continued commitment to focus on our customers’ evolving needs to enhance operational efficiency, risk mitigation, and strategic financial decision-making.”
- David Hanna, CEO and Co-Founder of Finmo
“Finmo is redefining treasury operations. Their innovative approach addresses critical pain points faced by businesses in today’s dynamic financial landscape. We are proud to support their journey as they continue to deliver transformative solutions that empower organizations globally.”
- Ashish Aggarwal, Partner at PayPal Ventures
“Finmo’s innovative Treasury Operating System addresses critical pain points for businesses operating in multiple geographies, empowering them with seamless cash and FX management capabilities. With their exceptional founding team and strong financial discipline, we believe Finmo is well-positioned to redefine how businesses manage payments, liquidity and risk, and we are excited to support their vision to revolutionize treasury management and cross-border payments for businesses across APAC and beyond.”
- Ganesh Rengaswamy, Co-Founder and Managing Partner at Quona, which led the Series A
