Finmo, which describes itself as the treasury operating system for global businesses, has announced the launch of the Finmo Business Account, a multi-currency account for small and medium-sized enterprises (SMEs) that operate across borders.

According to the company, businesses receive local account details in their own name to collect funds in more than 45 currencies, hold more than 27 currencies and make payments to more than 195 countries and territories. Finmo said it provides every collection, conversion and payment directly, under its own licences and through its payments partner network.

Extending Finmo Treasury

The Business Account also extends Finmo Treasury. Treasury users already see their cash position and forecasts across every entity and bank, and can now also move funds in multiple currencies in real time from the same platform.

Finmo said SMEs that transact internationally often hold accounts with several providers, deciding whether to convert, hold or pay with only part of the picture. Many keep larger idle balances than they need, or convert funds they later need back, the company said.

"Businesses have usually had to choose between a provider that moves their money and software that shows them where it is,“ said David Hanna, Co-Founder and CEO of Finmo. ”Because Finmo holds the licences and partnerships to move money itself, the Business Account closes that gap. A company can see its position and act on it in one place, on infrastructure we operate."

What the Business Account offers SMEs

Finmo lists the following features for the account:

  • Local account details in the company's own name, so customers pay in their own currency.
  • No forced conversion, with businesses converting only when they choose.
  • Fees and exchange rates shown before every conversion and payment.
  • Bulk payouts, bill payments and scheduled transfers.
  • Transactions that synchronise with leading ERP and accounting platforms.
  • Money market funds for surplus cash.
  • Unlimited users, with approvals for the people who move money.

Licensed money movement

Finmo said it is the licensed provider behind the Business Account and that the account does not run on another company's platform. The company said it holds 11 licences and regulatory permissions across eight markets, including a Major Payment Institution licence from the Monetary Authority of Singapore. Businesses move more than US$1 billion through Finmo every month, according to the company.

A module within Finmo Treasury

For businesses that also use Finmo Treasury, the Business Account works across the platform. Finmo Treasury consolidates balances across a company's entities and its accounts at other banks into a single cash position, provides a 13-week cash flow forecast, and monitors cash balances to manage counterparty exposure, FX risk and minimum balances, the company said.

With the Business Account in the same platform, Finmo said a finance team that spots idle cash, a funding gap or a currency it should convert can carry out the conversion or payment without leaving Finmo. MO AI, Finmo's built-in AI agent, is described by the company as rapidly evolving to bring greater intelligence, strategy management and execution continuity to users.

“Treasury platforms have long been good at showing companies their cash, but they have depended on banks to act on it,” Hanna added. "We spent years securing licences across eight markets so Finmo could do both. With the Business Account, licensed money movement now sits inside a treasury platform, and that is central to where we are taking the company."

Availability

Global businesses can apply online for a Finmo Business Account. Singapore-incorporated companies can apply online through MyInfo Business using Corppass and Singpass.

To mark the launch, new customers who register with the code FINMOBA26 can receive up to US$100 in cashback, subject to terms and conditions.

Finmo said it will demonstrate the Finmo Business Account and Finmo Treasury at Singapore FinTech Festival 2026, 18 to 20 November, at booth 3L19 in Hall 3.

Company background

Finmo describes itself as a global fintech company transforming how modern finance teams manage cash, payments and treasury operations. Founded in Singapore in 2020, the company says its treasury operating system connects financial data, intelligence and global money movement within a single platform.

Finmo said it holds 11 licences and regulatory permissions across key markets including Singapore, Australia, Hong Kong SAR, the United Arab Emirates, the United Kingdom, New Zealand, Canada and the United States. The company is backed by PayPal Ventures, Citi Ventures and Quona Capital and operates across key markets in Asia Pacific, Europe, the Middle East and North America.