Overview
Finmo, at a glance.
Finmo is a payment institution group (licensed in 8 jurisdictions) headquartered in Singapore, regulated by Monetary Authority of Singapore, ASIC and AUSTRAC, Financial Service Providers Register and 5 other regulators. The company behind Finmo is Finmo Tech Pte. Ltd. Pricing is agreed with each client. Opening an account takes 3–5 days.
Customer funds are safeguarded in accordance with local regulations and held separately with financial institution partners.
Why businesses pick Finmo
- Named multi-currency accounts with local account details
- Payouts in 180+ markets
- FX at 0.50% on 11 major currencies and 1.00% on the rest
- Licensed in 8 jurisdictions across Asia-Pacific, the UK, North America and Dubai
- Same-day activation for most low-risk industries
Watch out for
- The account is switched on by email to sales after KYB; there is no instant self-serve opening
- The monthly fee is not published ('typically a minimum monthly fee')
- Accepted countries and company types are not published
- SWIFT payments cost $25 plus a 0.10% convenience fee
- Gambling, crypto, charities, loans and several other lines need prior approval
Business fit
Will Finmo accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Finmo's published rules
Needs review
Finmo works with Startups, but does not publish the countries it accepts companies from.
Finmo does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Finmo publishes about the businesses it takes on.
Who Finmo serves
- Startups and SMEs
- Import and export
- Financial institutions
- Marketplaces
All 6 industries on Finmo's accepted list
- Startups
- Financial institutions and banks
- Importers and exporters
- Marketing and affiliate agencies
- HR and EOR platforms
- CFOs and finance teams
Not supported
Industries and countries Finmo does not accept, from its own published lists.
Industries
- Inappropriate content, goods or services that promote Hate/Violence/Racism/Religious persecution
- Drug paraphernalia
- Drugs / Illicit substances, steroids and certain controlled substances or other products that present a risk to consumer safety
- Encourage, promote, facilitate or instruct others to engage in illegal activity
- Infringe any duly registered copyrights/trademarks or other violation of intellectual property rights
- Involve the sale of products or services identified by government agencies to have a high likelihood of being fraudulent
- Involve offering or receiving payments for the purpose of bribery or corruption
- Pyramid or Ponzi schemes
- Relate to the sale of dangerous or hazardous goods
- Sale of government ID’s or documents
- Stolen goods including digital and virtual goods
- Transactions involving fraudulent / deceptive marketing practices
- Violate any law, statute, ordinance or regulation
- Weapons, firearms and ammunitions
Countries
- Not published
Coverage
Where can you use Finmo?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
Multi-currency
The currency list is not published; Finmo quotes 27+, 38+ and 40+ currencies on different pages.
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does Finmo cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
Not published
Account with a minimum monthly fee (sales)
Custom
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Outgoing | ||
| SWIFT / international | $25 | Fixed fee · SWIFT (SHA); plus a 0.10% cross-border convenience fee on like-for-like currency transfers |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 0.5% | Percentage of the amount · USD, EUR, GBP, JPY, AUD, NZD, CAD, CHF, NOK, SEK and SGD |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Not offered | Not available |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Sign up
Register on the Finmo dashboard; sandbox access is immediate.
- 2
Business Activation (KYB)
Give company registration and address, an authorised officer with ID, shareholders above 25% and the industry and product description.
- 3
Review
Compliance reviews and may ask for more; low-risk industries are usually done the same day.
- 4
Account live
Email sales to activate the GCA wallet and sign the agreement, then add currencies in the dashboard.
Documents you need
- Company registration and company address details
- Authorised officer: identity verification documents
- Shareholder information (owners of more than 25%)
- Industry type and product description
FAQ
Your questions, answered.
Is Finmo a bank?
No. Finmo is a payment group. Finmo Tech Pte. Ltd. holds a Major Payment Institution licence from MAS (PS20200640), and group entities hold licences or registrations in Australia, New Zealand, the UK, the US, Canada, Dubai and Hong Kong.
How much does Finmo cost?
Account creation is free. SWIFT payments cost $25 (SHA), FX is 0.50% on major currencies and 1.00% on others, and a 0.10% cross-border fee applies to like-for-like transfers. The monthly fee is not published; Finmo says an account typically carries a minimum monthly fee.
How do I open a Finmo account?
Complete KYB on the Finmo dashboard, then email sales to activate the Global Currency Account wallet and sign the agreement. Activation is usually the same day for low-risk industries.
Which businesses does Finmo not accept?
Its list includes hate and violence content, drugs and paraphernalia, stolen goods, bribery, pyramid schemes, hazardous goods, government ID sales and weapons. Gambling, virtual currencies, charities and several other lines need prior written approval.
Alternatives
How Finmo compares.
If Finmo is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 FinmoThis pagePayment institution group (licensed in 8 jurisdictions) |      +3 | Multi-currencyCross-border payouts |
 AirwallexE-money institution |  | Global accountsOnline businesses |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
 PayoneerE-money institution |  | Marketplace payoutsMass payments |
 EburyE-money institution | | FX and hedgingInternational trade |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.