Finofo

Finofo is a Calgary, Alberta-based financial technology company that provides a platform for mid-market businesses to automate cross-border payments, manage currency risk, and handle foreign exchange conversions. The company enables organizations to streamline their international financial operations through multi-currency accounts, global money transfers, and automated accounts payable workflows that integrate directly with existing enterprise resource planning systems. Operating on a free-to-use platform model without standard software-as-a-service fees, the enterprise primarily targets finance teams managing international supply chains and vendor payments. The startup has raised a total of $5 million in venture capital funding, comprising a $1.7 million pre-seed round in 2023 and a $3.3 million seed round led by Watertower Ventures, with additional participation from Motivate Venture Capital and SaaS Ventures. Finofo was founded in 2019 by Prateek Sodhi, Charles Maranda, and Malav Shah.