Company Profile: Finmo
Overview of Finmo
Finmo is a dynamic fintech platform specializing in treasury management solutions tailored for global businesses. The company focuses on enabling seamless cross-border payments, automating treasury functions, optimizing liquidity, and streamlining global transactions. Finmo consolidates key financial operations, including money movement, cash management, FX risk management, and compliance, into an integrated Treasury Operating System (TOS). The platform offers real-time payment capabilities and emphasizes regulatory compliance, enhancing businesses' financial stability and decision-making capabilities. More information can be found at [finmo.net](https://finmo.net/).
Key Developments and Certifications
- 2024: Achieved PCI-DSS 4.0 and ISO 27001 certifications and obtained key financial service licenses across New Zealand, Canada, Singapore, and the United States.
- 2023: Recognized as a 'Major Payment Institution' by the Monetary Authority of Singapore.
- 2022: Expanded operations to New Zealand, the Philippines, and Thailand, acquiring licenses in Australia to facilitate localized payment solutions.
Recent Financial Milestones
In early 2025, Finmo raised US$18.5 million in an oversubscribed Series A funding round co-led by Quona Capital and PayPal Ventures, increasing its total capital to US$27 million. The new funds will accelerate product development, enhance AI capabilities, and support global expansion.
Leadership Team
- David Hanna: CEO and Co-Founder with over 20 years in financial services and payments.
- Akhil Nigam: Co-Founder and Chief Product Officer, specializes in fintech strategic insights.
- Thomas Kang: Co-Founder and Chief Revenue Officer, focuses on fintech innovation and treasury solutions.
- Raj Vimal Chopra: Chief Technology Officer, responsible for technology integration.
- Richard Oh: Chief Strategy Officer, guides the company's strategic direction in fintech.
Vision and Core Values
Finmo is committed to context-over-hierarchy, transparency, and thoughtful risk-taking. Its core values emphasize integrity, proactivity, curiosity, and unwavering customer advocacy, underscoring a customer-centric approach in operations.
Strategic Priorities and Innovation
The company aims to redefine treasury management by leveraging real-time payment infrastructures for efficient cash management solutions. Efforts are directed at reducing manual errors and improving liquidity management with automated workflows, addressing global treasury demands efficiently.
Competitor Landscape: Finmo
Overview and Competitor Profiling
Finmo operates in the fintech sector, emphasizing peer-to-merchant (P2M) digital payments integrated for offline retail merchants since its foundation in 2016. It faces competition from several platforms:
1. Shape: Enhances business operations with AI-powered CRM and marketing automation for mortgage, solar, education, and insurance sectors. Notable for sales pipeline management and online marketing tools.
2. Floify: Known for digital mortgage point-of-sale software, offering seamless document management and reducing loan origination processes.
3. Calyx Point: Provides mortgage origination and processing software with an all-in-one approach for brokers, including loan processing and underwriting.
4. TurnKey Lender: Offers an AI-powered digital lending platform, automating consumer and commercial lending processes globally.
5. LendingPad: A web-based loan origination system featuring real-time collaboration tools to streamline mortgage lending and enhance compliance.
Insights for Strategic Positioning
Finmo's unique focus on P2M transactions differentiates it from competitors primarily in the loan and mortgage sectors. As fintech evolves, emphasizing its seamless integration for retail operations presents a strategic advantage. Positioning Finmo as a leader in digital payments for offline merchants highlights its potential for growth in untapped markets. Strategic partnerships, service enhancements, and a focus on customer satisfaction and operational efficiency—as exhibited by competitors like Floify—can secure Finmo's edge in the competitive landscape.
