Finmo launches multi-currency Business Account for cross-border SMEs
The account lets eligible businesses collect, hold and convert funds in more than 45 currencies and make payments to over 195 countries, according to Finmo.
Finmo launched its Business Account on November 4 as a multi-currency account for small and medium-sized businesses managing cross-border receipts and payments.
Finmo said eligible businesses can collect, hold and convert funds in more than 45 currencies and make payments to over 195 countries. The product is designed to centralize international collections and outgoing payments rather than require a business to manage a separate account for every currency corridor.
A multi-currency account can simplify treasury operations, but the headline coverage figures do not mean every currency, country or payment method is available to every business. Companies should confirm pricing, conversion spreads, safeguarding, settlement timing, supported beneficiaries and compliance requirements before relying on the account for operating cash.
Finmo did not disclose adoption forecasts or guarantee a specific exchange rate, payment speed or approval outcome. Product availability remains subject to eligibility and the account’s terms.