Finmo Secures $18.5 Million to Revolutionize Treasury Management

Finmo, a cutting-edge treasury operating system provider based in Singapore, recently secured $18.5 million in an oversubscribed Series A funding round co-led by Quona Capital and PayPal Ventures, with participation from Citi Ventures. This latest financing increases Finmo's total funding to $27 million and supports the company's initiatives to enhance its product offerings, invest in artificial intelligence capabilities, and expand its global presence. Finmo's innovative platform is designed to streamline payment processes, enhance cash flow visibility, manage foreign exchange risks, and ensure compliance while automating tasks and optimizing decision-making. The platform's flexibility and compliance features are critical as the company seeks to empower businesses globally, particularly across the APAC region, to manage cross-border payments and liquidity challenges efficiently. David Hanna, CEO of Finmo, expresses excitement over the support from prestigious investors, emphasizing the company's commitment to addressing the evolving needs of finance professionals globally.