Why We Invested in Finmo: Transforming Treasury Management for SMBs Across APAC

By Taka Yamada

At Quona, we have been witnessing the rise of business payment solutions tailored to SMBs in recent years. These solutions have enabled SMBs to accept various payment methods and move money more seamlessly across markets. They have also lowered the barriers for SMBs to adopt fintech solutions that address needs unmet by traditional financial institutions.

Yet the financial needs of SMBs go far beyond payments. Think of a business that operates across multiple markets and handles various currencies. Its finance team often struggles to determine how much cash each local entity holds and how to manage that cash effectively across entities. Most of such SMBs still download bank statements and manually input the numbers into spreadsheets. After speaking with finance teams in SMBs across markets, we found that treasury management is one of the major pain points hindering the effective operation and growth of these businesses.

Finmo, Quona’s latest investment in Asia, tackles this gap with its Treasury Operating System (TOS), which offers real-time financial visibility, seamless bank integrations, and automated workflows for payments, cash management, and FX risk mitigation. With powerful tools beyond payments, Finmo empowers SMBs to optimize liquidity, manage risks, and make smarter financial decisions from a single platform.

For SMBs operating in multiple markets, Finmo’s solution is a game changer. With Finmo, they gain visibility into cash balances across entities, forecast cash flow, automate money movement between entities, convert cash into interest-bearing products, and mitigate FX risk when converting into different currencies. This dramatically reduces the effort required for treasury management, enabling business owners to make the best use of available cash to drive business growth. Finmo is primed to become the first TOS for global SMBs originating out of Asia.

Founding Team Built for Impact

Building comprehensive treasury management is no easy task. It requires navigating complex regulatory frameworks, building a scalable tech stack to enable efficient money movement and management, forging partnerships with banks and fintechs across markets, and delivering compelling solutions to clients.

This is exactly why we are excited by the Finmo founding team — David Hanna, Akhil Nigam, Raj Chopra, Richard Oh and Thomas Kang — who bring decades of experience from major fintech companies and financial institutions across compliance, product, tech, partnerships, and enterprise sales. They have demonstrated exceptional capability in achieving Finmo’s vision by driving impressive growth across multiple markets with strong cost discipline.

Quona’s Role: A Strategic Partner for Growth

As the co-lead investor in Finmo’s Series A round alongside PayPal Ventures and participating investor Citi Ventures, Quona brings more than capital. With our deep network and experience scaling fintechs in emerging markets, we will help Finmo expand partnerships, sharpen their go-to-market strategy, and maximize their impact.

We are thrilled to support Finmo as they redefine treasury management for SMBs. With a visionary team, a sharp product roadmap, and a strong focus on impact, we believe Finmo is on track to become a market leader across APAC and beyond.

Learn more about Finmo at finmo.net

Disclaimer: Quona portfolio companies were selected for profiles based on objective, non-performance-based criteria for the purpose of illustrating the types of investments made by Quona funds and their impacts. These profiles are being provided for illustrative purposes only, in order to provide examples of the idea generation, research, and thought process of Quona investment teams. No representation is made as to whether or if the investment ideas represented in these profiles have been or will be profitable. It should not be assumed that Quona will be able to identify similar investment opportunities in the future, or that any such opportunities will be profitable. The above statements include the opinions of the Firm and are for illustrative purposes only. There is no assurance that any trends depicted or objectives described in Quona profiles will continue or become successful.