[L-R] Finmo co-founders Thomas Kang, Akhil Nigam, David Hanna, Raj Vimal Chopra, and Richard Oh
Finmo, an all-in-one treasury operating system (TOS), has announced an oversubscribed US$18.5 million Series A funding round, bringing its total funding to US$27 million.
The round was co-led by Quona Capital and PayPal Ventures, with participation from Citi Ventures.
The Singaporean startup will use the capital to accelerate its product development, invest in AI capabilities, and expand its global reach.
Finmo offers a unified platform that addresses the complexities of modern treasury operations. With features such as real-time payment capabilities and modular design for scalability, Finmo empowers organisations to optimise their cash management, enhance liquidity, and mitigate financial risks—all within a single platform.
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Today’s organisations 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.
Ashish Aggarwal, Partner at PayPal Ventures, said, “Finmo is redefining treasury operations. Their innovative approach addresses critical pain points faced by businesses in today’s dynamic financial landscape.”
“Finmo’s innovative TOS addresses critical pain points for businesses operating in multiple geographies, empowering them with seamless cash and FX management capabilities,” said Ganesh Rengaswamy, co-founder and Managing Partner at Quona.
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