Finmo
Finmo is a Singapore-headquartered fintech operating an API-first Treasury Management System that connects banks, ERPs, and accounting systems to deliver real-time multi-currency cash visibility, payments, and FX for mid-market CFOs, startups, and HR/EOR platforms across eight licensed jurisdictions.
- Company typePrivate
- Founded2022
- HeadquartersSingapore, Singapore
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Finmo does
Finmo is a Singapore-headquartered fintech that operates a cloud-based Treasury Management System (TMS) connecting a customer's banks, ERPs, payment gateways, and accounting systems into a single real-time view of global cash positions. Founded circa 2021–2022 and operating under the legal entity Finmo Tech Pte Ltd, the platform supports multi-currency wallets with pay-ins in 30+ currencies and pay-outs across 180+ (or 200+, depending on source) countries, automated AR/AP workflows, rolling 13-week cash forecasting, FX hedging, and working capital optimization. Core architecture is API-first and modular, intended to bypass the 12–18 month implementation cycles associated with legacy TMS deployments, with an embedded AI engine (branded MoAI) handling predictive forecasting, anomaly detection, and liquidity optimization. Finmo holds regulated licenses across eight jurisdictions (Singapore, Australia, US, New Zealand, Canada, Hong Kong, UK, Philippines), is SOC 2 Type II, ISO 27001, and PCI-DSS compliant, and operates group entities including Paynow Technology Pty Ltd (Australia, AFSL 535371), Finmo LLC (US), Finmotech Canada Inc, Finmo Tech India, Finmo Poland, Finmo HK Limited, Finmo UK Group Limited, and Finmo Tech Philippines.
Finmo generates revenue primarily through transaction-based fees on pay-ins and pay-outs, FX markups on currency conversions, ancillary fees (failed transactions, refunds, recalls, virtual account creation), embedded/white-label partner program economics for FIs, banks, HR/EOR platforms, and agencies, and managed services around FX hedging and idle-cash investment. Its go-to-market combines product-led self-serve sign-up (free dashboard exploration without initial KYB), an enterprise sales motion targeting CFOs and mid-market finance teams via HubSpot-routed demos, an API-first developer channel (docs.finmo.net, public REST API, webhooks, sandbox), and event-led demand generation (Money20/20 Asia, Singapore FinTech Festival, Festival of Marketing Asia). Its primary customer segments are mid-market CFOs and finance teams, startups and scale-ups, financial institutions and banks seeking white-label infrastructure, and HR & EOR platforms; secondary segments include importers/exporters, marketing and affiliate agencies, and technology/channel partners. Customers cited publicly include Auptimate, Bakaal, Nexpay, Finiqly, AppHaru, Gank, and Gotrade, and bank-side distribution partners include DBS, HSBC, OCBC, UOB, and Wise, with Standard Chartered added as a flagship partner in November 2025. The company is privately held, closed an $18.5M Series A in February 2025 led by Quona Capital and PayPal Ventures with Citi Ventures, and was named to Forbes Asia's 100 To Watch 2025 list.
Finmo firmographics
Firmographics- Name
- Finmo
- Legal name
- Finmo Tech Pte Ltd
- Website
- https://finmo.net
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Finmo is a Singapore-headquartered fintech operating an API-first Treasury Management System that connects banks, ERPs, and accounting systems to deliver real-time multi-currency cash visibility, payments, and FX for mid-market CFOs, startups, and HR/EOR platforms across eight licensed jurisdictions.
- Ownership category
- akta.pro rank
Finmo industry classification
Industry- Product category
- Treasury Management Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Treasury, Cash Management & Liquidity (SME) (FSAGAJAG)
- akta.pro secondary industry
- Treasury & Risk Management Solutions (FX/MM, hedging, TMS integration) (FSABAIAE)
Keywords
Where Finmo is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices10 records
Markets served
Finmo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Transaction fees on payin and payout: Per-transaction fees on every payin and payout, varying by source/destination currency and country, transaction size, frequency, and payment method. Disclosed in the Merchant Services Agreement (MSA) and on the Finmo Platform.
- Foreign exchange (FX) markup: Spread on FX conversions, based on the live interbank FX rate with a transparent, mutually agreed-upon FX markup applied at the time of conversion.
- Embedded/white-label partner program revenue: Partner Program enables FIs, banks, HR/EOR platforms, and agencies to distribute Finmo's treasury and payments under their own brand, generating platform/embedded revenue.
- Working capital / invest yield products: Working capital optimization suite (FX hedging, idle cash investment in mid-market funds) that can generate fee or spread-based revenue.
- Other / ancillary fees: Fees for failed transactions, refunds, recalls, disputed transactions, and creation of virtual accounts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transaction-based pricing on payins and payouts |
| Usage-based | Pay-as-you-go | FX markup on currency conversions |
| Freemium | Pay-as-you-go | Free self-serve signup for dashboard exploration |
| Other | Multi-year contract | Embedded/white-label partner program pricing |
Go-to-market motion5 records
Distribution channels5 records
Marketing channels9 records
Finmo product offering
Product offeringCore offering
Finmo operates a cloud-based Treasury Management System (TMS) that connects a company's global financial infrastructure — banks, ERPs, payment gateways, and accounting systems — into a single platform. It delivers real-time multi-bank, multi-currency cash visibility, 13-week cash forecasting powered by embedded AI ("MoAI"), automated AR/AP workflows, Global Currency Accounts in 30+ currencies, and cross-border payouts to 180+ countries.
Differentiator
Problem solved
Functional benefit
Brands
- Finmo Account: The non-cash payment facility (NCP) offered by Finmo's Australian subsidiary, Paynow Technology Pty Ltd, under AFSL 535371; a multi-currency business payment account for collections, payouts, FX conversion, and treasury centralisation.
- Smart Treasury
Products and services
- Connected Financial Dashboard Unifies all financial data across banks, ERPs, payment gateways, and accounting systems into a single real-time view of global cash positions across accounts, currencies, and entities. Replaces fragmented bank portals for CFOs and finance teams.
- Cash Visibility Provides real-time cashflow visibility and accounts payable/receivable tracking across multiple bank accounts and entities, enabling finance teams to monitor positions as they change.
- Cash Forecasting 13-week rolling cash flow forecasting powered by embedded AI (MoAI) for liquidity planning across multiple accounts, currencies, and entities, surfacing predictive insights for CFOs and finance teams.
- Payments (Global Currency Accounts & Cross-Border Payouts)
Quantifiable outcome
- Implementation in minutes (versus 12-18 months for legacy TMS)
- +3 more outcomes
Companies that use Finmo
Customer profileNamed customers7 records
Segments7 records
Ideal customer profiles4 records
Finmo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
AI capability8 records
Feature7 records
Finmo partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and flagship.
- Gotrade SecuritiescoreFinmo provides treasury operating system capabilities to Gotrade Securities for cross-border payment infrastructure serving Southeast Asian retail investors. Enables Gotrade users to invest in U.S. equities (including fractional shares) using familiar local payment methods without navigating international wires. Includes local currency collection and payout across Southeast Asian markets. CEO David Hanna framed the deal as removing "last-mile friction" preventing retail investors from accessing global markets.
- Standard CharteredflagshipIntegration of Standard Chartered's Global Currency Account capabilities into Finmo's treasury platform, enabling multi-currency accounts, cross-border payments, and FX for businesses. Announced at the Singapore FinTok Festival 2025. Initial rollout in Singapore with planned expansion to the UAE, Hong Kong SAR, and the United Kingdom. Gives Finmo direct access to multi-market currency accounts and institutional-grade infrastructure for its Smart Treasury platform via Standard Chartered's banking APIs.
- Checkbook Inc.coreCheckbook Inc. acts as a regulated local partner in the United States providing payment processing services through which Finmo US merchants operate. The Finmo Marketplace Agreement incorporates Checkbook's T&Cs (Exhibit D, Pass-Through Terms), covering ACH, Fedwire, Check21, The Clearing House, and VISA/Mastercard networks. Checkbook operates as a Payment Service Provider, not a bank, and acts as agent of the payee.
- Finmo Tech Pte Ltd (parent group)flagshipGroup structure: Finmo Tech Pte Ltd is the Singapore parent of the Finmo group, including Paynow Technology Pty Ltd (Australia), Finmo LLC (US), Finmotech Canada Inc (Canada), Finmo Poland, Finmo HK Limited, Finmo UK Group Limited, Finmo Tech India, and Finmo Tech Philippines. Holds copyright of the Finmo website (© 2022).
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Finmo competitors and assessment
Company assessmentDirect peers
- Airwallex: Global multi-currency accounts, cross-border payments, and treasury workflows for businesses. Airwallex is Finmo's most direct competitor in the APAC cross-border treasury and FX space, and even shares a former executive (Holly Fang previously led financial partnerships at Airwallex).
- Wise (formerly TransferWise): Multi-currency accounts and low-cost cross-border payments for businesses and consumers, with a Wise Account integrated into Finmo's dashboard. Wise operates at vastly greater scale but targets overlapping multi-currency SMB and mid-market treasury use cases.
- Trovata: Cloud-native treasury management platform providing multi-bank cash visibility, forecasting, and payments for mid-market finance teams. Trovata is a close comparable to Finmo's Smart Treasury / Connected Dashboard product and is also API-first and bank-aggregator-based.
- Aspire: Singapore-headquartered multi-currency business account and spend management platform for APAC SMBs and startups. Aspire targets the same founder and finance-team persona as Finmo and is a direct peer in the APAC treasury-for-startups segment.
- Payoneer: Cross-border payments and multi-currency receiving accounts for SMBs, marketplaces, and freelancers. Payoneer competes with Finmo's cross-border collection and payout infrastructure, particularly for SMB and digital platform customers.
Broad incumbents
- Kyriba: Established enterprise treasury management system serving large multinationals with cash visibility, payments, FX, and risk modules. Kyriba is the incumbent against which Finmo's '12-18 month implementation vs minutes' positioning is most directly targeted.
- Brex: Corporate cards, spend management, and treasury/banking for startups and mid-market companies. Brex overlaps with Finmo's AR/AP automation, global payments, and CFO-oriented treasury positioning in the US and globally.
- Ramp: Corporate cards, spend management, bill pay, and treasury automation platform for US businesses. Ramp competes with Finmo's AR/AP automation and treasury workflows for the same mid-market CFO buyer, with significantly more capital.
- Bill.com: Cloud-based AP/AR automation, payments, and spend management for SMBs and mid-market finance teams. Bill.com overlaps with Finmo's AR/AP automation and payments workflows and serves a comparable buyer.
Emerging players
- HighRadius: AI-native treasury, AR/AP automation, and cash forecasting platform. HighRadius overlaps with Finmo's automation, forecasting, and reconciliation capabilities but skews toward larger enterprise finance teams.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Finmo social profiles
Digital presenceFinmo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Finmo leadership team
Management profileNumber of profiles
Profiles12 records
Finmo subsidiaries and ownership
Company hierarchySubsidiaries8 records
Finmo funding detail
Funding detailFunding overview
Funding rounds3 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Finmo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Finmo
What does Finmo do?
Finmo operates a cloud-based Treasury Management System (TMS) that connects a company's global financial infrastructure — banks, ERPs, payment gateways, and accounting systems — into a single platform. It delivers real-time multi-bank, multi-currency cash visibility, 13-week cash forecasting powered by embedded AI ("MoAI"), automated AR/AP workflows, Global Currency Accounts in 30+ currencies, and cross-border payouts to 180+ countries.
Is Finmo a public or private company?
Finmo is a private company. It is classified as venture growth investor backed and is currently operating.
When was Finmo founded?
Finmo was founded in 2022. It employs 101 to 250 people.
Where is Finmo based?
Finmo is headquartered in Singapore, Singapore, in the Asia region.
How does Finmo make money?
Five revenue lines are on record. Transaction fees on payin and payout is the primary driver. The others are foreign exchange (FX) markup, embedded/white-label partner program revenue, working capital / invest yield products and other / ancillary fees.
Who are Finmo's main competitors?
Direct peers on record are Airwallex, Wise (formerly TransferWise), Trovata, Aspire and Payoneer. Broad incumbents are Kyriba, Brex, Ramp and Bill.com. HighRadius is listed as an emerging player.
Does Finmo have an API?
Yes. Finmo offers a public, developer-facing REST API that allows businesses to programmatically integrate treasury and payment operations, including payins, payouts, bulk payouts, virtual accounts, wallets, foreign exchange, beneficiaries, and customer management. The platform provides API-based and file-based integrations; IT teams can build connections directly using an HTTP/REST library, while non-technical users can use no-code solutions through the Finmo dashboard. A sandbox simulation environment is available for testing. Webhook support is included for transaction event notifications. Authentication is via API keys/tokens issued to developers. Developer documentation is at docs.finmo.net/reference/introduction-old.
What industry is Finmo in?
Finmo's product category is Treasury Management Software. Its primary akta.pro industry code is FSAGAJAG, Treasury, Cash Management & Liquidity (SME), with a secondary code of FSABAIAE, Treasury & Risk Management Solutions (FX/MM, hedging, TMS integration). Its NAICS code is 52232 and its SIC code is 6199.