Finmo
Multi-currency business account with no monthly fee, plus custom-priced treasury tools, licensed by MAS in Singapore
Finmo is a treasury and payments platform licensed by MAS in Singapore. Its Business Account has no opening fee, monthly fee or minimum balance, and charges 0.07% FX on major pairs and US$5 per SWIFT payout at launch pricing. It collects in 45+ currencies, including SGD, IDR, MYR, THB, PHP and VND. Finmo Treasury and Finmo Embedded are custom-priced.
- ✓No account opening fee, monthly fee or minimum balance on the Business Account, per Finmo's pricing page
- ✓Published fees: 0.07% FX on major pairs and US$5 per SWIFT payout at launch pricing
- ✓Unlimited free user seats on the Business Account
- ✓Local collection in SGD, IDR, MYR, THB, PHP and VND
- ✓A Business Account can later add Treasury as a company connects its other banks
- ✓Finmo lists SOC 2 Type II, ISO 27001 and PCI DSS on its own pages
- ×Treasury and Embedded have no public price; both are quoted by banks, volumes and integration scope
- ×Business Account fees are launch pricing, subject to Finmo's Launch Promotion T&Cs
- ×Minor and exotic currency pairs have no published FX rate; Finmo calls them competitive
- ×Intermediary or recipient bank charges may apply on top of the US$5 SWIFT fee
- ×Non-resident account eligibility depends on the business and its jurisdiction
- ×Finmo's own notice says its MAS licence does not mean all money can be recovered if it fails
About Finmo
Finmo is a treasury and payments platform with three products. The Finmo Business Account collects in 45+ currencies, holds 27+ and pays out to 195+ countries, with no opening fee and no monthly fee. Finmo Treasury adds bank, accounting and ERP connections, multi-entity cash visibility and a 13-week forecast at custom pricing. Finmo Embedded offers accounts, payments and FX by API, also at custom pricing. In Singapore, Finmo Tech Pte. Ltd. holds a Major Payment Institution licence from the Monetary Authority of Singapore.
Key Features
Best For
Southeast Asia Fit
Finmo's multi-currency page states you can collect SGD, IDR, MYR, THB, PHP and VND, and describes direct local coverage in those currencies. In Singapore it runs on an MAS Major Payment Institution licence (PS20200640) and supports PayNow, FAST and GIRO. Finmo says eligible foreign businesses can open a non-resident account in Singapore, subject to the business and its jurisdiction.
- Global
This profile was researched and written with AI from Finmo's public pages, and AI assistants quote pages on this site. Something wrong or out of date? Email info@software-listing.com with this page and a public source. Corrections are free, for every listing.
How listings and corrections work →- ↗Plans, Business Account fees, launch pricing terms, Treasury and Embedded custom pricing.verified 2026-11-02
- ↗Currency counts, no opening or monthly fee, non-resident accounts, Myinfo Business verification.verified 2026-11-02
- ↗SEA currency collection, local rails, 13-week forecast, SOC 2 Type II, ISO 27001, PCI DSS.verified 2026-11-02
- ↗Bank, accounting and ERP connections, multi-entity cash visibility, AR and AP automation.verified 2026-11-02
- ↗MAS Major Payment Institution licence PS20200640, other jurisdictions, non-resident notice.verified 2026-11-02
- ↗Finmo partner program page: referral partners earn a recurring share on payments volume and FX conversions processed through the partner portal; the page states no rate.verified 2026-11-02
"Verified" means read on the vendor's own published pages on the date shown. We do not run hands-on tests, and a statement a vendor confirmed to us directly is labelled as vendor-confirmed. Software-listing.com is independent and may earn affiliate commissions from some links.
Related Analysis & Guides
The questions operators actually ask.
What does Finmo cost?
The Finmo Business Account has no opening fee, monthly fee or minimum balance. Finmo charges 0.07% FX on major pairs and US$5 per SWIFT payout at launch pricing, and most local collections are free. Finmo Treasury and Finmo Embedded are custom-priced, combining subscription and usage fees.
Does Finmo have a free plan?
Yes, in the sense that the Business Account has no setup or monthly account fee and you pay per use. Finmo also advertises 'Get started for free' on its homepage. Treasury and Embedded are paid and quoted.
Is Finmo suitable for a small business?
Finmo describes the Business Account as being for growing businesses trading cross-border, and offers it with no minimum balance. Treasury is aimed at multi-entity, multi-bank businesses.
Which Southeast Asian currencies does Finmo support?
Finmo states you can collect SGD, IDR, MYR, THB, PHP and VND with its multi-currency business account. Which currencies you can hold depends on entity eligibility and account setup.
Is Finmo regulated?
In Singapore, Finmo Tech Pte. Ltd. holds MAS Major Payment Institution licence PS20200640, and Finmo also lists licences and registrations in Australia, New Zealand, the United States, Canada, the United Kingdom, Dubai and Hong Kong.
Can a Thai or Indonesian company open a Finmo account?
Not verified yet. Finmo says eligible foreign businesses can open a non-resident account in Singapore, subject to the business and jurisdiction. Check your own entity with Finmo before relying on this.