Finmo

For most companies that operate across borders, treasury is a quiet kind of chaos. Cash sits in accounts at half a dozen banks, in currencies that move while nobody is watching. Payments crawl through correspondent networks. Reconciliation happens in spreadsheets that are already out of date by the time they are opened. The finance team knows there is money somewhere - it just cannot always say where, or how much, or what it is worth today.

Finmo, a Singapore-based fintech founded in 2021, was built to answer that question. The company calls its core product a Treasury Operating System, or TOS: a single, API-driven platform that unifies global payments, multi-currency accounts, real-time cash visibility, forecasting, foreign-exchange risk management and working-capital tools. The pitch is deliberately infrastructural. Where many fintechs sell a single feature - a card, a payment rail, a dashboard - Finmo is trying to sell the layer underneath all of them.

The idea came from inside the problem. Chief executive David Hanna spent more than two decades in the financial services and payments industry, in global risk and compliance roles at PayPal, Ernst & Young, ING Bank, Zurich and Banxa, before co-founding the company. "The concept for Finmo emerged from recognizing the inefficiencies in global treasury operations," he has said. Businesses, in his telling, were losing time and money to disconnected tools, slow transactions and a thicket of jurisdiction-by-jurisdiction compliance. Finmo's answer was to stitch those threads into one system that works in real time.

The customers Finmo is chasing are the finance and treasury teams of globally distributed businesses: startups scaling into new markets, financial institutions, import and export companies, e-commerce merchants, and marketing and affiliate agencies that collect and disburse money in many currencies. What they share is a common headache - operations that outgrew their tooling. Money moves faster than the systems built to track it.

Finmo's platform tackles that on several fronts at once. A Connected Dashboard pulls financial data from across banks and entities into one view. Cash Visibility surfaces real-time cash flow, payables and receivables. Cash Forecasting turns that live data into forward projections. A Money Movement layer provides Global Currency Accounts - the ability to "get paid like a local" in more than 30 currencies - and local and cross-border payouts across more than 200 countries. On top sits AR/AP automation and a Working Capital Optimisation suite for FX, hedging and putting idle cash to work.

The results, where Finmo has disclosed them, are concrete rather than sweeping. One e-commerce customer reported a 25% reduction in transaction costs and clearer cash visibility after adopting the Money Movement and Cash Management modules. That is the kind of number that matters to a treasurer: not a promise of transformation, but a line item that got smaller.

Finmo sits in a crowded neighbourhood. Cross-border payment specialists such as Nium and Airwallex handle money movement; treasury management systems such as Kyriba and cash-flow platforms such as Trovata handle visibility and forecasting; banks offer their own portals. Finmo's argument is that these are pieces of a job that businesses experience as one continuous problem - and that keeping them separate is the source of the friction. By combining payments, cash management and FX risk in a single connected environment, and building real-time capability in from the start, it aims to be the layer that ties the others together.

Two things reinforce that position. The first is regulation. Finmo holds a Major Payment Institution license from the Monetary Authority of Singapore, secured in 2023, and is licensed across Singapore, Australia, the United States and New Zealand. For a treasury platform, licenses are not paperwork - they are the permission to move money directly, and a barrier that competitors must clear too. The second is its backers. Finmo's Series A drew both PayPal Ventures and Citi Ventures, the corporate arms of two payments heavyweights, alongside co-lead Quona Capital. When two incumbents invest in the same infrastructure startup, it says something about where they think the value is accruing.

Finmo's model blends B2B software with payments. It earns from its treasury platform and from the money that moves through it - transaction and FX flows on cross-border payments, currency conversion and multi-currency account services - layered on top of software for cash visibility, forecasting and working capital. Being a licensed payment institution lets it sit closer to the money rather than reselling someone else's rails, which is both a revenue lever and a defensible position.

The expertise behind it is heavy on regulation and payments, which is unusual for a startup and very much the point. The founding team is described as carrying more than 100 years of combined experience across fintech, payments and compliance. Beyond Hanna, the co-founders include Thomas Kang, chief strategy officer, along with Richard Oh, Akhil Nigam and Raj Vimal Chopra. It is a bench built less around a single viral idea than around the operational reality of moving regulated money across borders - the part of fintech that is hard to fake and slow to copy.