PayPal Ventures and Citi Back Finmo with $18.5M

PayPal Ventures, Citi Ventures Invest in Corporate Treasury AI Startup, Finmo, a fintech startup revolutionizing corporate treasury management through AI technology, has raised $18.5 million in its Series A funding round. PayPal Ventures and Citi Ventures participated in this round, which aims to accelerate the development of Finmo's innovative platform, enhance its AI capabilities, and support its global expansion.

Investor Highlights: The Series A round was co-led by PayPal Ventures and Quona Capital, with Citi Ventures also participating.

The work: Finmo provides a scalable treasury operating system designed to help businesses manage liquidity, cross-border transactions, real-time payments, FX risk, cash flow visibility, compliance, and liquidity optimization.

Up Ahead: The $18.5 million raised will be used to speed up product development, improve AI-driven features, and support Finmo’s global expansion.

“This investment will allow us to scale our platform, further enhance our technology, and expand into new markets, enabling us to meet the evolving needs of global businesses.” - David Hanna, Finmo’s co-founder and CEO, shared.

Finmo, with its leadership team led by co-founder and CEO David Hanna, a former PayPal and EY executive, is now better equipped to meet the growing demands of global businesses with cutting-edge treasury solutions powered by AI.