Finmo - About the company
Finmo is a series A company based in Singapore (Singapore), founded in 2021 by David Hanna, Akhil Nigam, Thomas Kang, Richard Oh and Raj Vimal Chopra. It operates as a Provider of treasury management software for financial data and payments. Finmo has raised $27M in funding from Quona and PayPal Ventures. The company has 2650 active competitors, including 264 funded and 247 that have exited. Its top competitors include companies like PayPal, PayU and Flutterwave.
Company Details
Provider of treasury management software for financial data and payments. This platform integrates financial information from multiple sources to provide visibility into cash positions across various accounts and currencies. It automates accounts receivable and payable workflows while facilitating international fund transfers. The system includes tools for cash forecasting, liquidity management, and the execution of currency hedging strategies. Users can monitor financial operations through a centralized dashboard that connects to banking and accounting systems. The software supports the management of working capital and the investment of idle funds.
- Website
- www.finmo.net/
- Email ID
- *****@finmo.net
Key Metrics
Founded Year
2021
Location
Singapore, Singapore
Stage
Series A
Total Funding
$27M in 3 rounds
Latest Funding Round
Ranked
23rd among 2650 active competitors
Employee Count
130 as on May 31, 2026
Legal entities associated with Finmo
Finmo is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
FINMO TECH PTE. LTD. CIN: 202127305C , Singapore, Active | Dec 31, 2020 | - | - |
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Finmo's funding and investors
Finmo has raised a total funding of $27M over 3 rounds. Its first funding round was on 2021. Its latest funding round was a Series A round on Feb 12, 2025 for $*****. 3 investors participated in its latest round. Finmo has 9 institutional investors.
Here is the list of recent funding rounds of Finmo:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 12, 2025 | 2589205 | Series A | 7844229 | 9500932 | 1112474 | 4746359 |
2023 | 5099 | Seed | 3781 | 1990 | 5817 | |
2021 | 5265 | Seed | 7967 | 5402 | 6945 |
View details of Finmo's funding rounds and investors
Finmo's founders and board of directors
Founder? Claim ProfileThe founders of Finmo are David Hanna, Akhil Nigam, Thomas Kang, Richard Oh and Raj Vimal Chopra. David Hanna is the CEO of Finmo.
Here are the details of Finmo's key team members:
- David Hanna: Co-Founder & CEO of Finmo. Contact Info: 1 email address
- Akhil Nigam: Co-Founder & CPO of Finmo. Contact Info: 1 email address
- Thomas Kang: Co-Founder & Chief Revenue Officer of Finmo.
- Richard Oh: Co-Founder & Chief Strategy Officer of Finmo.
- Raj Vimal Chopra: Co-Founder & CTO of Finmo. Contact Info: 1 email address
Finmo's Board of Directors
Finmo's board has 3 active members. David Hanna and Akhil Nigam are part of team and Venkateshwaran Ganesh Rengaswamy is independent board member.Here is the list of Finmo's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 1y 1m | |
Team | - | Current | 4y 10m | |
Independent board member | - | Current | 0y 4m |
View details of Finmo's Founder profiles and Board Members
Finmo's employee count trend
Finmo has 130 employees as of May 26. Here is Finmo's employee count trend over the years:
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Finmo's Competitors and alternates
Top competitors of Finmo include PayPal, PayU and Flutterwave. Here is the list of Top 10 competitors of Finmo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | PayPal 1998, United States, Public | Provider of online payment solutions, money transfers, and virtual wallets | $216M | 87/100 | |
2nd | PayU 2002, Amsterdam (Netherlands), Series C | Provider of online payment solutions and financial services for businesses | $35.1M | 84/100 | |
3rd | Flutterwave 2016, San Francisco (United States), Series E | Provider of payment solutions for online and physical business transactions | $489M | 83/100 | |
4th | Airwallex 2015, San Francisco (United States), Series H | Provider of financial infrastructure for processing payments and managing treasury | $1.9B | 82/100 | |
5th | Provider of a global payment infrastructure platform for businesses and financial institutions to facilitate cross-border transactions | $362M | 77/100 | ||
6th | Payment processing solution for consumers, small and micro businesses | $20.6B | 74/100 | ||
7th | Iyzi Payments 2012, Istanbul (Turkey), Acquired | Provider of payment solutions for e-commerce companies and individuals | $28M | 73/100 | |
8th | Cloud Walk 2013, Brazil, Series C | Developer of a blockchain and a platform for payment solutions | $481M | 70/100 | |
9th | Toss 2011, Seoul (South Korea), Series G | Provider of an app-based platform for banking investment and insurance management | $1.25B | 69/100 | |
10th | BlueSnap 2001, Waltham (United States), Acquired | International payment solution | $68M | 69/100 | |
23rd | Provider of treasury management software for financial data and payments | $27M | 63/100 |
Looking for more details on Finmo's competitors? Click here to see the top ones
Finmo's Investments and acquisitions
Finmo has made no investments or acquisitions yet.
Reports related to Finmo
Here is the latest report on Finmo's sector:
News related to Finmo
Media has covered Finmo for a total of 6 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
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Finmo unveils new brand identity, empowering CFOs with connected financial intelligenceAustralian FinTech•Nov 12, 2025•Finmo
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Finmo partners with Standard Chartered to launch global currency account capabilitiesAustralian FinTech•Nov 12, 2025•Finmo, Standard Chartered
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Finmo Secures In-Principle Approval for DFSA Financial Services Licence in DubaiPR Newswire•Sep 30, 2025•Finmo
•
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Finmo Secures Electronic Money Institution Licence in UK From FCAElectronic Payments International•Jul 08, 2025•Finmo
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Treasury and Payments Platform Finmo Secures UK EMI Licence, Expands Global FootprintFintech Finance•Jul 08, 2025•Finmo
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•
Tribe and Finmo partner on cross-border payment expansion
The Paypers•May 30, 2025•Finmo, Tribe Payments
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Finmo Partners with Fiskil to Power Real-Time Financial VisibilityAustralian FinTech•May 19, 2025•Fiskil, Finmo
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COTD: Singapore startup funding sinks 91.87% MoM in FebruaryMSN•Mar 19, 2025•Finmo, StakeStone, Geodnet, Onetab and 3 others
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