Finmo secures $18.5m to scale AI-powered Treasury tech

By Gloria Methri

Finmo, the Treasury Operating System (TOS), has announced its successful oversubscribed $18.5 million Series A funding round, bringing its total funding to $27 million. Finmo offers a unified platform that addresses the complexities of modern treasury operations.

With the new financing, Finmo plans to accelerate its product development, invest in AI capabilities, and expand its global reach. The company aims to continue delivering cutting-edge solutions that improve operational efficiency and empower organisations to make informed financial decisions by better harnessing the power of its treasury operating system.

The funding round was co-led by prominent investors Quona Capital and PayPal Ventures, with participation from Citi Ventures.

The Finmo TOS streamlines payment processes enhances cash flow visibility, manages FX risks, ensures compliance, automates manual tasks and optimises financial decision-making, including excess liquidity management. With features such as real-time payment capabilities, modular design for scalability, and a strong emphasis on regulatory compliance, Finmo empowers organisations to optimise their cash management, enhance liquidity, and mitigate financial risks—all within a single platform.

“We are thrilled to have the support of esteemed investors such as PayPal Ventures, Quona, and Citi Ventures,” said David Hanna, CEO and Co-Founder of Finmo. “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. Underpinning all these developments will be our continued commitment to focus on our customers’ evolving needs to enhance operational efficiency, risk mitigation, and strategic financial decision-making.”

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. We are proud to support their journey as they continue to deliver transformative solutions that empower organisations globally.”

“Finmo’s innovative Treasury Operating System 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, which co-led the Series A. “With their exceptional founding team and strong financial discipline, we believe Finmo is well-positioned to redefine how businesses manage payments, liquidity and risk, and we are excited to support their vision to revolutionise treasury management and cross-border payments for businesses across APAC and beyond.”