Finmo Secures $18.5 Million to Enhance AI-Powered Treasury Solutions

Finmo has successfully raised $18.5 million in an oversubscribed Series A funding round, co-led by Quona Capital and PayPal Ventures, with participation from Citi Ventures, announced in a press release. This latest investment brings Finmo's total funding to $27 million.

The company plans to use the new funds to accelerate the development of its AI capabilities and expand its global presence. Finmo's Treasury Operating System (TOS) offers a unified platform designed to streamline payment processes, enhance cash flow visibility, manage foreign exchange risks, and ensure compliance. The platform also automates manual tasks and optimizes financial decision-making, including excess liquidity management.

With features like real-time payment capabilities and a modular design for scalability, Finmo aims to empower organizations to optimize their cash management, enhance liquidity, and mitigate financial risks. The funding will support Finmo's vision of transforming global treasury operations and expanding into new markets.