Finmo, a Singapore-based global treasury operating system, has raised US$18.5 million in its Series A funding round, bringing its total funding to US$27 million. With the new funding, Finmo plans to accelerate its product development, invest in artificial intelligence capabilities, and expand its global reach.

The company aims to continue delivering cutting-edge solutions that not only improve operational efficiency but also empower organizations to make informed financial decisions by better harnessing the power of its treasury operating system ( TOS ).

The funding round was co-led by prominent investors Quona Capital and PayPal Ventures with participation from Citi Ventures.

Finmo offers a unified platform that addresses the complexities of modern treasury operations. Its TOS is designed to address the need for effective treasury management in a global context. It streamlines payment processes, enhances cash flow visibility, manages FX risks, ensures compliance, automates manual tasks, and optimizes financial decision-making, including excess liquidity management.

With features such as real-time payment capabilities, modular design for scalability, and a strong emphasis on regulatory compliance, Finmo seeks to empower organizations to optimize their cash management, enhance liquidity, and mitigate financial risks – all within a single platform.

“This funding validates our vision of transforming how global businesses manage their treasury function and enables us to scale our platform, enhance our technology further, and expand into new markets,” says Finmo co-founder and chief executive officer David Hanna.

“Underpinning all these developments will be our continued commitment to focus on our customers’ evolving needs to enhance operational efficiency, risk mitigation, and strategic financial decision-making.”

Ganesh Rengaswamy, co-founder and managing partner at Quona, adds:  "With their exceptional founding team and strong financial discipline, we believe Finmo is well-positioned to redefine how businesses manage payments, liquidity and risk, and we are excited to support their vision to revolutionize treasury management and cross-border payments for businesses across Asia-Pacific and beyond."