Singapore-based Finmo has raised $18.5 million in a Series A funding round to enhance its treasury management platform. The investment round was co-led by Quona Capital and PayPal (NASDAQ:PYPL) Ventures, with Citi Ventures also participating. With this new capital, Finmo aims to accelerate product development, expand its artificial intelligence capabilities, and extend its market presence. The company plans to address the increasing complexity in corporate treasury functions by providing automated solutions that improve financial decision-making.
Before this latest funding round, Finmo had secured $8.5 million, bringing its total funding to $27 million. In previous years, treasury management platforms have sought to improve financial efficiency by leveraging automation and data-driven insights. Finmo’s emphasis on AI integration follows industry trends, where companies aim to provide real-time visibility into cash flows and risk mitigation strategies. The evolution of treasury functions has shifted from traditional cash flow monitoring to a more strategic role in corporate financial planning.
How Will Finmo Use the New Investment?
Finmo intends to use the funds to refine its technology, optimize compliance processes, and enhance automation in payment workflows. The company’s goal is to help businesses manage liquidity, reduce foreign exchange risks, and improve financial oversight. Its platform is designed to support global enterprises in handling treasury operations through integrated solutions that streamline financial management.
What Makes Finmo’s Approach Different?
Unlike traditional treasury management systems that rely heavily on manual processes, Finmo incorporates AI-driven automation to optimize financial operations. The company states that its platform is built with a deep understanding of the challenges faced by financial professionals.
“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,” said David Hanna, Finmo’s co-founder and CEO.
Treasury departments are increasingly seen as essential strategic units within organizations, responsible for financial precision and risk management. As digital transformation accelerates, companies are looking for solutions that provide real-time insights and automation to improve financial stability. Finmo’s expansion occurs at a time when corporate treasurers are expected to play a more significant role in business strategy.
As businesses operate across multiple regions, managing cross-border payments and liquidity efficiently becomes crucial. Treasury management platforms that integrate AI and automation can enhance operational efficiency by reducing manual errors and increasing transparency. Finmo’s approach aligns with broader industry efforts to modernize financial operations through data-driven technologies. The funding will support its expansion into new markets, allowing more companies to leverage its platform for streamlined treasury management.
Companies looking to optimize their treasury operations increasingly rely on AI-powered tools to manage cash flow and mitigate risks. Finmo’s expansion reflects a broader trend toward digitalization in financial management. As treasury management evolves, businesses are prioritizing solutions that provide efficiency and compliance while minimizing operational complexity. The adoption of automated financial platforms is expected to grow as organizations seek to enhance visibility and control over their financial processes.
