Finmo is a company that is transforming global payments and treasury management with a unified platform designed to streamline financial operations. Pulse 2.0 interviewed Finmo CEO David Hanna to learn more about the company.
David Hanna’s Background
Could you tell me more about your background? Hanna said:
“Certainly. With over 20 years in the financial services and payments sector, I’ve held global leadership roles in risk and compliance at companies such as PayPal, Ernst & Young, Zurich, ING Bank, and Banxa. I’ve also served on several advisory boards and invested in startups worldwide.”
Formation Of The Company
How did the idea for the company come together? Hanna shared:
“The concept for Finmo.net emerged from recognizing the inefficiencies in global treasury operations. Businesses often grapple with fragmented financial tools, delayed transactions, and compliance challenges. We envisioned a unified, real-time treasury operating system that simplifies payments, automates critical functions, and empowers businesses to transact efficiently.”
Favorite Memory
What has been your favorite memory working for the company so far? Hanna reflected:
“A standout moment was securing our ‘Major Payment Institution’ license from the Monetary Authority of Singapore in 2023. This milestone validated our commitment to regulatory excellence and opened new avenues for growth.”
Core Products
What are the company’s core products and features? Hanna explained:
“Finmo.net offers a next-generation treasury platform with key features including:
– Money Movement: Facilitates seamless local and global payments, optimizing for speed, convenience, and cost.
– Cash Management: Provides real-time visibility and reporting of cash processes, with workflow automation to optimize working capital.
– FX Management: Automates foreign exchange risk management by integrating transactional and economic exposures.
– Integration: Offers easy-to-use APIs with broad connectivity across systems, ensuring minimal implementation time.”
Challenges Faced
Have you faced any challenges in your sector of work recently? Hanna acknowledged:
“Navigating diverse regulatory landscapes across multiple countries has been challenging. We addressed this by obtaining necessary licenses, such as the Australian Financial Services License from ASIC in 2022 and registration as a Money Services Business in the U.S. in 2023, ensuring compliance and building trust with our clients.”
Evolution Of The Company’s Technology
How has the company’s technology evolved since launching? Hanna noted:
“Since our inception in 2021, we’ve integrated real-time payment rails, enhanced our API capabilities, and expanded our platform to include comprehensive treasury functions like cash and FX management. This evolution allows businesses to manage critical treasury functions seamlessly in one place.”
Significant Milestones
What have been some of the company’s most significant milestones? Hanna cited:
“Key milestones include:
– 2022: Received an Australian Financial Services License from ASIC and expanded into New Zealand as a licensed Financial Services Provider.
– 2023: Obtained the ‘Major Payment Institution’ license from the Monetary Authority of Singapore and registered as a Money Services Business in the United States.
– 2024: Achieved PCI-DSS 4.0 and ISO 27001 certifications, received FPS License in New Zealand, and won the Best Treasury Solution Award alongside OCBC by The Asset.”
Customer Success Stories
Can you share any specific customer success stories? Hanna highlighted:
“One of our clients, a global e-commerce platform, utilized Finmo.net’s Money Movement and Cash Management modules to streamline their payment processes. This integration led to a 25% reduction in transaction costs and improved cash flow visibility, enabling more strategic financial decisions.”
Funding
When asking Hanna bout the company’s funding details, he revealed:
“As of February 2025, Finmo.net secured a Series A funding round of $18.5 million, bringing our total funding to $27 million over three rounds. Investors include Quona, PayPal Ventures, and Citi Ventures.”
Total Addressable Market
What total addressable market (TAM) size is the company pursuing? Hanna assessed:
“The global treasury and payment solutions market is substantial, with cross-border payments alone projected to exceed $250 trillion in transaction volume by 2027. Finmo.net aims to capture a significant share by offering integrated, real-time solutions that address the evolving needs of global businesses.”
Differentiation From The Competition
What differentiates the company from its competition? Hanna affirmed:
“Finmo.net differentiates itself through:
– Unified Platform: Combines payments, cash management, and FX risk mitigation in a single platform.
– Real-Time Capabilities: Built on real-time payment rails, enabling instant transactions and up-to-date financial insights.
– Regulatory Compliance: Holds multiple licenses and certifications, ensuring adherence to global financial regulations.”
Future Company Goals
What are some of the company’s future goals? Hanna emphasized:
“Our future objectives include:
– Product Expansion: Introducing advanced analytics and AI-driven forecasting tools.
– Geographical Growth: Entering new markets in Europe and North America to serve a broader client base.
– Strategic Partnerships: Collaborating with financial institutions to enhance our service offerings and reach.”
Additional Thoughts
Any other topics you would like to discuss? Hanna concluded:
“We’re excited about the potential of blockchain technology in enhancing transparency and security in treasury operations. Exploring its integration into our platform aligns with our commitment to innovation and providing cutting-edge solutions to our clients.”
