Accounts Payable and FX Conversion Automation for Multi-Currency Accounts

Overview
Finofo is a financial technology company that helps businesses manage their foreign exchange requirements and exposure. The company's platform offers:

  • Global Banking: Accounts payable automation, payments, and currency risk management
  • Multi-Currency Accounts: Send and receive money globally, convert currencies, and automate accounts payables
  • Cross-Border Payments Tools: Send or receive money in more than 40 currencies across 180 countries

The Finofo team is building a smart hedge engine to forecast FX risk exposure and provide automated currency trade execution for millions of businesses.

Milestones

  • Founded: 2019
  • Invested in: 2022

Team

Categories

Career Opportunities

Looking for a role at Finofo?

We are always considering exceptionally talented people for Motivate and our family of companies. Head to our Motivate Job Board to search open positions!
MVC Job Board

Let’s Build Something Together

Get Started

Funding Inquiry

Please fill in the details below:

  • Company Name
  • Sector/Industry
  • Location
  • Company Website
  • Contact Name and Title
  • Email
  • Crunchbase Profile URL
  • AngelList Profile URL
  • How did you hear about Motivate?

Divider


Briefly describe the Company and the problem you are solving

What is the general founding story?

Founders' entrepreneurial history?

B2B, B2C, Other?

How do you generate revenue? Is it Transactional, Recurring, or Repeatable?

Current Revenue?

Current Monthly Burn (net of Revenue)?

How much capital are you currently raising?

Type (Equity, Note, SAFE) with terms (valuation, cap, liq pref, discount, interest)

Round (Pre-Seed, Seed, Series A)

If you have a lead investor for this round, please provide the name and contact information

List your three biggest investors in this round and amounts

List your three biggest investors in previous rounds and amounts

Detail your Use of Funds from this raise

How many months of runway will this round give you?

When do you plan to raise the next round?

If you have a product, summarize its state of development (alpha, beta, in market)

Initial traction (in revenues, users, etc)

Monthly growth rate of clients or users

Who are your primary competitors?

What are the biggest challenges to the business?

Size and composition of your Total Addressable Market (TAM)

What is the size of Serviceable Addressable Market (SAM)? Please describe the inputs to this formula

What is the size of Serviceable Obtainable Market (SOM)? Please describe the inputs to this formula

Why is NOW the perfect time to launch this business?

Divider


If you are a human seeing this field, please leave it empty.