Finmo, a Singapore-based treasury operating system (TOS) company, raised US18.5M in Series A funding.
The round, which brought the total amount to US$27, was led by Quona Capital and PayPal Ventures with participation from Citi Ventures.
The company intends to use the funds to accelerate its product development, invest in AI capabilities, and expand its global reach.
Led by CEO David Hanna, Finmo provides a TOS that is 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. With features such as real-time payment capabilities, modular design for scalability, and focus on regulatory compliance, it empowers organizations to optimize their cash management, enhance liquidity, and mitigate financial risks, all within a single platform.
FinSMEs
13/02/2025