Singapore · Payments & e-money
Finmo Tech Pte. Ltd.
Finmo Tech Pte. Ltd. is a Singapore private limited company that trades as Finmo. The Monetary Authority of Singapore (MAS) licenses it as a Major Payment Institution under licence PS20200640, which it received in August 2023. It is the Singapore operating company of the Finmo group, whose disclosed investors include Quona Capital, PayPal Ventures and Citi Ventures. It sells a treasury management platform to businesses, with multi-currency accounts, domestic and cross-border payments, FX conversion and merchant acquisition.
Licences and registrations
Held by Finmo Tech Pte. Ltd. (LEI 98450089696D278E0507). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| MAS Financial Institutions Directory - Major Payment InstitutionMonetary Authority of Singapore (MAS)Linked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Major Payment InstitutionPayment Institution | Not published by the register | Singapore | Active | — | — |
|
Search the register ↗ |
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- FNTPSGS2XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of FNTPSGS2 marks reverse billing.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2023-11-04
- Last updated
- 2023-11-04
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Venture-backed
Firm type
FX and business payments
Trades as Finmo
- Ownership
- The firm is privately held by its founders and venture investors, including Quona Capital, PayPal Ventures and Citi Ventures. No shareholdings have been disclosed.
- Head office
- 8 Temasek Blvd, Suntec Tower 3, #38-02A, 038988 Singapore, Singapore
- Founders
- David Hanna · Akhil Nigam · Richard Oh · Raj Vimal Chopra · Thomas Kang
- Former name
- PAYNET TECHNOLOGY PTE. LTD.
Online
- Websites & references
- finmo.net ↗
docs.finmo.net ↗ developer documentation and guides
dashboard.finmo.net ↗ customer dashboard sign-in - Official social accounts
- LinkedIn ↗ · YouTube ↗
Sources · 10 pages consulted
- eservices.mas.gov.sg/fid/institution/detail/412550-FINMO-TECH-PTE-LTD
- finmo.net/about/license-and-registrations
- finmo.net/terms-of-service
- finmo.net/
- finmo.net/about/about-us
- finmo.net/contact-us
- newsroom.paypal-corp.com/2025-02-13-PayPal-Ventures-Co-Leads-Finmos-18-5M-Series-A-Round
- prnewswire.com/news-releases/finmo-secures-us18-5-million-to-revolutionize-treasury-management-302373086
- prnewswire.com/apac/news-releases/finmo-obtains-major-payment-institution-mpi-license-301890262.html
- voiceofasean.com/newsroom/finmo-opens-singapore-global-headquarters-as-treasuryos-crosses-us1-billion-mont
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
MAS licenses the firm as a Major Payment Institution for account issuance, e-money issuance, merchant acquisition and domestic and cross-border money transfer services. Its terms state that some US payment processing may go through Veem Payments Inc., a licensed US money transmitter.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution Licence | PS20200640 | In its own name | Active | eservices.mas.gov.sg ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsAccording to its terms, the firm holds customer funds pooled in a trust account at a safeguarding institution, separate from its own funds. It warns that funds of merchants outside Singapore may not benefit from these safeguarding protections.
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
Finmo sells what it calls TreasuryOS, a treasury management platform. It combines cash visibility and forecasting with collections in more than 30 currencies and payouts to more than 180 countries.
The firm serves business customers from Singapore, including merchants outside Singapore. Sister companies of the Finmo group serve Australia, New Zealand, the United States, Canada, the United Kingdom, Dubai and Hong Kong.
- Sells to
- Small businesses · Enterprises · Platforms and marketplaces · Financial institutions
- Serves customers in
- Singapore
- Latest funding round
- Series A · USD 18.5m Feb 2025Led by Quona Capital, PayPal Ventures
- Total raised
- USD 27m to Feb 2025 · newsroom.paypal-corp.com ↗
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
David Hanna
Chief Executive Officer and Co-founder
- Chief financial officer
- Jonathan Lew Chief Financial Officer
- Compliance / MLRO
- Anthony Yeoh Chief Compliance Officer
- Founder
- Thomas Kang Co-founder & Chief Strategy Officer
- Founder
- Raj Vimal Chopra Chief Technology Officer
- Founder
- Richard Oh Co-founder
Recent events
Researched 29 Sep 2026 · Sources
-
Other
Finmo opened a new global headquarters at Suntec City, Singapore. It said businesses move more than USD 1 billion a month through its platform.
voiceofasean.com ↗ -
Funding
Finmo raised USD 18.5 million in a Series A round co-led by Quona Capital and PayPal Ventures, bringing total funding to USD 27 million.
newsroom.paypal-corp.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- FNTPSGS2XXX
- How the BIC breaks down
- FNTPBank
- SGCountry · Singapore
- S2Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 98450089696D278E0507
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry ID
- cb7787e7c2d1
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 1 entry on 1 register
- Activities
- Money remittance
- Payment services
- Card acquiring
- E-money / stored value
- Licensed in
- Singapore
- Country · region
- Singapore · East Asia & Pacific
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- SUNTEC TOWER ONE 12-07 7 TEMASEK BOULEVARD SINGAPORE 038987 SINGAPORE
- Operational address
- 7 TEMASEK BOULEVARD 12-07 SINGAPORE SINGAPORE 038987 SINGAPORE
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>FNTPSGS2XXX</BICFI>
<LEI>98450089696D278E0507</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>FNTPSGS2XXX</BICFI>
<LEI>98450089696D278E0507</LEI>
<Nm>FINMO TECH PTE. LTD.</Nm>
<PstlAdr>
<TwnNm>SINGAPORE</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>SUNTEC TOWER ONE 12-07 7 TEMASEK BOULEVARD SINGAPORE 038987</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Claim this profile
Work at Finmo Tech Pte. Ltd.?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
- 01Submit Tell us who you are, using your work email.
- 02We verify We check the email domain and confirm your role with the bank. This usually takes up to five business days.
- 03Profile claimed The page is marked as claimed and verified. You can send us corrections at any time.
Claim received
Thank you. We will email your work address once the claim is verified. Until then, the page stays unclaimed.
The claim was not sent. Try again, or email contact@elucidate.co.
Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- MAS Financial Institutions Directory - Major Payment Institution—Monetary Authority of Singapore (MAS) · register ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: finmo.net (official website); David Hanna: finmo.net (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
Book a demo