← Embedded Finance Index 2026

Finmo

“Can a multi-licensed, AI-native treasury operating system become the default global financial command center for mid-market CFOs in Asia-Pacific?”

Founded2021
HQSingapore
FoundersDavid Hanna, Akhil Nigam, Thomas Kang, Raj Vimal Chopra, Richard Oh
Total raised$27M
Latest roundSeries A, 2025
IndustryFintech / Cross-border payments
The story

Finmo positions itself as a 'treasury operating system' — a modern TMS for CFOs of mid-market and growth-stage businesses in Asia-Pacific. The company has assembled its own multi-jurisdiction licensing stack (SG, AU/NZ, US MSB via Finmo LLC, Canada, UK EMI 2025, plus Hong Kong and Dubai) rather than relying on a single BaaS provider, while supplementing with partners like Veem (US payments), Checkbook (US local rails), and Tribe Payments (cards). The 2025 UK EMI was a strategic pivot to deeper Europe/UK access and primary issuance, and MO AI in 2025 signaled a shift from pure money-movement to embedded financial intelligence.

Last 12 months
2025-07
2025-02
2025
2025
Product timeline
0
Partnership with Tribe Payments to enable card issuing and acquiring across Europe / UK (Mastercard, Visa, Amex, UnionPay, Discover, JCB)· card
2021
Finmo founded in Singapore as treasury operating system for global finance teams· founding
2025
Closed $18.5M Series A co-led by Quona Capital and PayPal Ventures (Citi Ventures participating)· funding
2025
Received UK FCA Authorised EMI licence; establishes UK as core operational hub with IBAN issuance and Faster Payments / CHAPS access· banking
2025
Launched MO AI — conversational treasury co-pilot embedded in the platform· ai
Regulated entities
5
regulatory licences held by Finmo
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Finmo’s embedded-finance stack
Payments / PSP
Finmo Payments (self-operated)VeemCheckbook
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
FX & payouts
in the full report
Investing
in the full report
Accounting
in the full report
Accounting gap: minor
15 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.