Finmo Secures UK EMI Licence to Expand Treasury Services
Finmo gains UK approval as an authorised EMI, enabling it to scale treasury services and deliver better FX and payments infrastructure.
Finmo Gains EMI Licence in the UK to Strengthen Treasury Services
Fintech startup Finmo has officially secured a UK Electronic Money Institution (EMI) licence from the Financial Conduct Authority (FCA).
This milestone positions the UK as a key hub for Finmo’s global treasury services platform aimed at modern finance teams.
With this approval, Finmo can issue electronic money and provide various regulated payment services across the United Kingdom.
These services include account issuance, domestic payments, cross-border transfers, FX conversions, and safeguarded client fund storage.
Additionally, Finmo now connects with core UK systems like Faster Payments and CHAPS, improving both speed and reach.
Consequently, this licence significantly expands Finmo’s ability to serve UK clients with fast, integrated treasury infrastructure.
Strengthening Treasury Services with a UK Base
Founded in 2021, Finmo is built by seasoned professionals in banking, compliance, corporate treasury, and global payments.
The leadership team includes David Hanna, Akhil Nigam, Richard Oh, Raj Vimal Chopra, and Thomas Kang.
CEO David Hanna explained, “This licence means more than permission—it’s a promise to modernise how finance teams operate globally.”
Moreover, Finmo aims to give finance and treasury teams full visibility, control, and flexibility over international money movement.
With the EMI licence, Finmo can now issue IBANs, hold funds locally, and manage payment flows with higher regulatory confidence.
This is especially valuable for companies operating across multiple jurisdictions with high compliance and FX risk exposure.
Targeting UK Businesses with Complex Financial Needs
Finmo’s expansion into the UK supports its hub-and-spoke model, which allows regional regulatory centres to drive global client operations.
Because of this approach, the firm can serve cross-border businesses with precision and regional compliance.
The UK base is expected to benefit mid-market enterprises with complex treasury setups and cross-border transaction requirements.
Furthermore, Finmo is launching GBP-denominated accounts and Faster Payments access for eligible clients immediately after this licence.
To meet demand, Finmo is also growing its local compliance and operations team to support UK-based clients more closely.
By doing so, the company enhances client experience while meeting rigorous operational and legal standards in real time.
Powering the Future of Treasury Services
As Finmo scales, its treasury services platform will continue to evolve to meet the dynamic needs of global finance teams.
The company’s long-term vision includes embedded finance, better FX liquidity management, and stronger capital market collaborations.
Through smart treasury automation, Finmo helps companies manage risk while improving visibility over cash, compliance, and cross-border flows.
At the same time, its regulated infrastructure gives clients the security and speed required in modern financial ecosystems.
Clearly, this EMI licence signals Finmo’s commitment to becoming a trusted backbone for modern financial operations in the UK.
With advanced tools and expanded permissions, Finmo is now positioned to reshape how global treasury services are delivered.
