What does Finofo do?
Finofo offers a comprehensive financial operations platform that helps businesses manage global payments, international receivables, currency exchange, and accounts payable through automation and a flat-fee system.
How much did they raise?
The company raised $3.3M in Seed funding, led by Watertower Ventures with participation from Motivate Venture Capital, SaaS Ventures, and Alberta-based private investors. This round follows a $1.7M pre-seed round in 2023.
What are their plans for the money?
Finofo plans to use the funds to accelerate its expansion and further enhance its enterprise-grade platform, which could significantly improve efficiency in international payments and FX workflows for businesses.
What have they achieved so far?
Over the past 12 months, the company tripled its revenue, demonstrating strong market adoption and validating its approach to streamlining financial operations.
